Prices Continue to Increase at Weekly Tea Auction; Hit $1.96
Theweekly MombasaTea Auction held on the 15th, 16th, and 17th February 2021 had 14.1 million kilograms of tea offered for sale. The amount on offer increased from 13.4 million kilograms [...]
EU to Give $1.2 Billion to Ivory Coast's Cocoa Sector
The European Union (EU) is planning to provide around one billion euros ($1.2 billion) over six years towards Ivory Coast's cocoa sector, as the latter adapts to European Union supply [...]Limuru Tea Plc issues profit warning
Limuru Tea Plc has issued an alert to shareholders that the Company's performance is expected to record a decline in net profits for the financial year ended 31st December 2020 [...]
Despite Pandemic, Kenya's Tea Export Earnings Jump 15% to KSh 130 Billion in 2020
Most sectors in Kenya registered a slump in their earnings in 2020, due to the effects of covid19. However, Kenya's tea sector thrived during that period, despite the pandemic-related challenges. [...]
Prices Increase at Weekly Tea Auction
Theweekly MombasaTea Auction held on the 8th, 9th, and 10th February 2021 had 14 million kilograms of tea offered for sale. The amount on offer increased from 12.6 million kilograms [...]Phatisa Food Fund 2 Raises $143 Million from DFI Commitments
Phatisa Food Fund 2 has reached a$143 million final closefrom a group of leading development finance institutions (DFIs) and impact investors. The move seeks to boost the supply of quality [...]Sasini Slashes a Total of 1,364 Jobs in 2020
Sasini Plc, a coffee and tea producer, listed on the Nairobi Stock Exchange, slashed a total of1,364 jobsin the financial year ended 30th September 2020, the most extensive job cuts [...]Low Adoption, Uneven Access Biggest Challenges in Scaling Digital Agriculture McKinsey
Low adoption, uneven access and digital literacy are key challenges to scale digital solutions in agriculture across Sub-Saharan Africa. Despite the region having over 400 digital agriculture solutions in financial [...]KQ Partners with Horticulture Exporters to Increase Cargo Capacity
Kenya Airways (KQ) has partnered with local horticulture exporters to enhance the capacity of fresh produce carried on its flights, by lifting Kenya’s fresh produce to the overseas market from [...]Tea Auction Records Slight Dip in Price to $1.96 per Kg
The Mombasa Weekly Tea Auction recorded a slight dip in prices, with prices per kilo falling from $1.97 in the tea auction held on 11th, 12th, and 13th January 2021 [...]Sasini Plc Emerges from Losses to Post Net Profit of KSh 12.6 Million
Sasini Plc, a listed coffee and tea producer, posted a net profit of KSh 12.6 Million for the financial period ended 30th September 2020. This is compared to a net [...]Weekly Tea Auction Records an Increase in Prices
Theweekly MombasaTea Auction held on the 11th, 12th, and 13th January 2021 had 11.2 million kilograms of tea offered for sale. The amount on offer decreased from 11.6 million kilograms [...]
