CMA Extends Provisional Licenses of 4 Coffee Brokers
The Capital Markets Authority (CMA) has extended the provisional licenses granted to four coffee brokers by a further 30 days from 30 September 2021, in line with the Capital Markets [...]
Unilever Approves Transfer of Stake in Limuru Tea to UK's TeaCo
Unilever Tea Kenya Limited's Board of Directors has approved plans to separate its tea business following a decision by its parent firm Unilever Group to separate its global tea business [...]Unga Group Full-Year Net Earnings Rise 343% to hit KSh 293.5 Million
Unga Group, the only flour milling firm listed at the Nairobi Securities Exchange (NSE), posted a net profit of KSh 293.5 Million for the full year ended June 30th, 2021. [...]Tea Auction Records another Increase in Prices
The weekly Mombasa Tea Auction held on 13th and 15th September 2021 had 8. million kilograms of tea offered for sale. The amount on offer decreased from 9 million kilograms for the [...]
EAAGADS Limited to Hold Electronic AGM on 28th September 2021
Eaagads Limited, a listed coffee grower and seller, is scheduled to hold its virtual Annual General Meeting(AGM) on 28th September 2021. Shareholders of Eaagads Limited will consider and approve the [...]Unga Group Board Appoints Joseph Choge as New Managing Director
The Board of Unga Group Plc has confirmed the appointment of 39-year-old Joseph Malel Choge as the new Managing Director of the Company, effective December 1st 2021. Choge is a [...]Kenya Orchards makes a Half-Year Net Loss of KSh 3.7 Million
Kenya Orchards Limited, a listed firm primarily involved in distributing processed fruits, vegetables and other food products, made a net loss of KSh 3.7 Million at the end of the [...]Earnings from Sisal Exports Hit KSh2.45 Billion in H1 2021
Kenya's earnings from sisal export hit KSh2.45 billion in H1 2021, a 10.96% increase from last year's KSh2.2 billion (H1 2020). The rise was occasioned by rebounding prices in key [...]Tea Auction Prices Finally Cross the 2-Dollar Mark
The weekly Mombasa Tea Auction held on 23rd and 24th August 2021 had 8.4 million kilograms of tea offered for sale. The amount on offer decreased from 8.9 million kilograms for the [...]Reprieve for Farmers as KTDA Increases Prices by KSh2 KSh3
Kenya Tea Development Authority (KTDA) has increased monthly green leaf payments for farmers in regions five, six, and seven, by between KSh2 and KSh3, with effect from 1st July 2021. [...]KEBS Bans Substandard Maize Meal, Fortified Flour Brands
Kenya Bureau of Standards(KEBS) has listed 12 maize meals and 15 composite flour brands that should not be sold to the public for failing to meet the required standards. The [...]Kakuzi Plc H1 Net Earnings falls 28.6% to KSh 194.6 Million
Kakuzi Plc, a listed agro-based firm, has recorded a 28.6% drop in net earnings for the first six months of 2021 to KSh 194.6 Million compared to KSh 272.8 Million [...]
