Apollo Agriculture to Scale Operations After Swedfund Investment
Swedfund and ImpactConnect have invested $10 million in farming support programmes envisioned by Apollo Agriculture to promote economic sustainability. We are grateful for the trust and confidence that both Swedfund [...]
Ugandan Sugar Millers Want Issuance of Sugar Licenses Halted
The Uganda Sugar Manufacturers Association (USMA) wants an amendment of the Sugar Act, 2020, halting all the sugar licenses currently issued by the Ministry of Tourism, Trade and Industry, pending [...]
Nairobi Coffee Exchange to be Brought Under CMA Supervision
Nairobi Coffee Exchange (NCE) will soon be placed under the supervision of the Capital Markets Authority(CMA) as it transitions to The Coffee Exchange. This development puts closure to a long [...]
Job Losses Up in November as Private Sector Activity Contracts-PMI Index
The rate of job losses in the private sector increased in the month of November, due to weaker output and reduced workloads, the November Kenyan Purchasing Managers Index (PMI) shows. [...]Unga Group to Hold 96th AGM Virtually on 7th Dec
Listed miller Unga Group Limited has notified shareholders that it will hold its 96th Annual General Meeting virtually on 7th December 2023. In the financial year ended 30th June 2023, [...]Erratic Rainfall, Insecurity Suppress Cereal Production in East Africa
Erratic rainfall and insecurity are keeping cereal production in East African region at below-average levels, the Food and Agriculture Organization (FAO) has warned. According to FAO’s Crop Prospects and Food [...]CMA Licences Kirinyaga Slopes Coffee Brokerage Company
The Capital Markets Authority (CMA) has licensed Kirinyaga Slopes Coffee Brokerage Company Limited as a coffee broker, in an effort to deepen coffee sub-sector reforms. The company’s promoter is the [...]Court Dismisses Petition Challenging Lifting of GMO Ban in Kenya
A Nairobi court has dismissed a petition filed by the Law Society of Kenya (LSK) seeking to quash a decision by the Cabinet to lift ban on Genetically Modified Organisms [...]Sugarcane Farmers to Pocket Arrears Owed by Millers in Three Months
The government has moved to ease the pain of sugarcane farmers owed nearly Sh2 billion by public millers, majority coming from the western part of the country. The Cabinet approved [...]Loan Uptake by Farmers Slightly Drop in September: CBK Survey
High interest rates, lack of collateral, fear of action on default are some barriers pulling farmers back from accessing credit despite the potential of loans in improving yields. The September [...]EU Sets Sh6.3B to Unlock Potential of Agribusinesses Within EAC
Small businesses in the agriculture sector within the East African Community (EAC) are targeted in a Sh6.3 billion (€40 million) second phase market access upgrade programme (MARKUP II). The European [...]Competition Authority Conducts Inquiry Into Kenya’s Animal Feeds Market
The Competition Authority of Kenya (CAK) has announced intention to conduct a market inquiry into the animal feeds market in Kenya. According to the authority, key objectives of the inquiry, [...]
