Sasini Plc Full Year Net Earnings Rise to KES 1.17 Billion
Sasini Plc posted a Net Profit and Non-controlling Interest (including the changes in the value of biological assets) of KES 1.17 billion in the financial year ended September 2022, double [...]
Kenya's Coffee Exports Rise 49% between Jan October 2022
The value of coffee Kenya exported between January and October rose 49%, boosted by increased shipments, data from the Kenya National Bureau of Statistics(KNBS) shows. According to KNBS, Kenya exported [...]Safaricom Set to Offer Fertilizer Subsidy Next Year
Safaricom is expected to be one of the beneficiaries of the fertiliser subsidy plan after the Ministry of Agriculture said it would use the giant telco in the rollout for [...]Relief as Price of Rice Set to Drop 35% on Govt Waiver
The price of rice is expected to drop by 35 per cent starting February after the government abolishes the 35 per cent duty that is levied on the produce. The [...]
Global Cereal Prices are Unlikely to Decline in 2023-IMF
Global cereal prices are unlikely to drop in the next six to 12 months, according to a projection by the International Monetary Fund. According to the fund, this will not [...]Kenya Inks Deal with Netherlands to Implement Paperless plant Exports
Kenya and the Netherlands have signed a deal to electronically certify the export of plants and plant products. The Kenya Plant Health Inspectorate Service electronic system (KEPHIS) and the Netherlands [...]Twiga Foods to Receive KES 300 Million from State to Support Suppliers and Customers
The government will provide KES 300 million to Twiga Foods suppliers and customers to enable them to grow their businesses. Speaking after opening Twiga Foods Distribution Facility at Tatu City [...]Tea Prices Edge Lower to $ 2.32 per Kilo Despite an Increase in Demand
Tea prices dipped slightly at this week’s Mombasa auction remaining below the minimum reserve price despite fairly good demand for the commodity. At the auction, a kilo averaged USD2.32(Sh283.74), two [...]Horticulture Earnings Drop to a 2-Year Low of KES 8.8 Billion in September
Kenya’s earnings from flowers, fruits, and vegetable exports fell to the lowest level in more than two years in September, driven by a weaker Euro and Sterling pound. Data from [...]Tea Prices Decline to $2.34 per Kilo on Low Demand
Tea prices dipped further at this week’s Mombasa auction dropping below the minimum reserve price amid reduced demand for the commodity. At the auction, a kilo averaged USD2.34(Sh285.48), ten cents [...]Gates Foundation Commits $7 Billion to Support Health, Agriculture in Africa
In his first trip to Africa since the COVID-19 pandemic began, Bill Gates has announced the Bill Melinda Gates Foundation would spend more than $7 billion over the next [...]
Government to Allow Import of Duty-Free GMO Maize for Six Months
The Government seeks to allow the importation of duty-free GMO and non-GMO maize to address the biting food shortage. Investments, Trade and Industry Cabinet Secretary Moses Kuria said on his [...]
