Ethiopia Set to Sell Eight Sugar Factories in Bid to Improve Local Production
Ethiopia aims to wean local millers off state budgetary support and improve local production by selling eight sugar factories. This week, the government announced Ernst Young LLP will advise on [...]
Kenyan Coffee Prices Boom Following Shortage in Brazil
Kenyan coffee farmers may be set for an earnings boom following a major crop failure in Brazil, the world’s leading producer. Market analysts project a sharp rise in the global [...]Prices Stagnate at Weekly Tea Auction
The weekly Mombasa Tea Auction held on 22nd, 23rd and 24th August 2022 had 12.3 million kilograms of tea offered for sale. The amount on offer was similar as during the previous [...]
Sugar Production Increases by 15% Between January July
Sugar production between January and July increased by 15% when compared with a similar period last year, compelling the sector regulator to cut imports by nearly half last month. Data [...]Tea Exports Fall 28% to 37 Million Kilograms in May
Tea exports reduced 28% in the month of May as compared to the same period last year despite increased production due to good weather. Data from the Tea Board of [...]Kenya set to Finalize Plans for Exporting Avocados to Malaysia
Kenya is set to start exporting avocados to Malaysia as a delegation from the Asian nation finalizes a pest risk analysis. The delegation visited the Kakuzi farm and facilities as [...]KTDA Imports 88,000 Metric Tons of Fertilizer from Russia
The Kenya Tea Development Agency (KTDA) has imported 88,000 metric tons of NPK fertilizer from Russia for KSh9 billion. The ship docked in Mombasa with a consignment of 41,000 metric [...]Kakuzi Plc Records 75% Jump in Half Year Profits on Increased sales
Listed agribusiness firm Kakuzi PLC has posted a Sh341.3million half-year net profit, a 75 per cent growth from Sh194.6 million posted within the same period last year. The performance was [...]Kakuzi Eyes Global Berries Market in New Partnership with Driscoll's
Kenyan-listed agri-business firm, Kakuzi PLC, has entered into a partnership with Driscoll’s, the world’s leading marketer of berries, to grow the local and export volumes of blueberries. Driscoll’s is the [...]Tanzania Introduces Fertilizer Subsidy to Relieve Farmers' Pain
Tanzanian farmers will enjoy massive subsidy over fertilizer during the 2022/23 season, after President Samia Suluhu Hassan launched a fertilizer subsidy programme yesterday. Agriculture minister Hussein Bashe says with the [...]Relief as Maize Prices Decline due to Stable Supply Following Harvest
It is a relief for consumers and millers as maize prices stabilise following the harvest in parts of Western Kenya and the arrival of cheap produce from neighbouring countries. The [...]Nzoia Sugar Set to Resume Operations after Ksh 500 Million Govt Bailout
Nzoia Sugary Company is expected to resume production this Sunday after President Uhuru Kenyatta announced a Sh500 million bailout that will help the firm pay arrears that it owes to [...]
