Afreximbank Provides $400 Million to the Export Trading Group
Afreximbank (The African Export-Import Bank), Africa’s foremostmultilateral trade finance institution, has provided a $400 million revolving global credit facility to the ETG (Export Trading Group). The credit facility seeks to [...]
Employment Court Stops Leasing of 5 State Sugar Millers
The Kisumu Labour and Employment court has temporarily suspended the lease of five state owned sugar millers. The five include; South Nyanza Sugar Company, Muhoroni Sugar, Miwani Sugar, Chemilil Sugar, [...]
Markets Regulator to take over Nairobi Coffee Exchange in April 2021
Capital Markets Authority(CMA) is in the process of taking over and fully automating all marketing and auction processes at the Nairobi Coffee Exchange(NCE). The spot market should be in place [...]
Team appointed to oversee leasing of 5 state-owned Sugar Mills
The Cabinet Secretary for Agriculture, Livestock, Fisheries and Co-operatives has appointed a team that will oversee the leasing out of 5 state-owned sugar mills to private investors. These milling factories [...]Kenya's H1 Tea Export Earnings Jump to KSh 69 Billion
Earnings from the export of black tea increased by 22% in the first half of 2020 compared to a similar period in 2019. The earnings reached KSh 68.9 Billion from [...]
Kenya and Israel In Discussions to Revive Galana-Kulalu Food Project
The Israeli and the Kenyan government are in talks to revitalize the Galana Kulalu project, looking to complete the remaining 15% of the project. Israel says that the two governments [...]USAID Vital Capital Partner to Finance Agribusiness in Kenya
(USAID) US Agency for International Development's Kenya Investment Mechanism (KIM) and Vital Capital have partnered to provide funding to Kenyan agri-businesses that have been affected by the global COVID-19 pandemic. [...]Government to Invest KSh15 Billion to Revive Fish Farming in Counties
The government plans to spend KSh15 billion in an initiative that will boost fish farming in 15 counties. This is an effort to double fish consumption per capita in the [...]Kapchorua Tea Kenya Reports KSh19.4 Million Net Profit
Listed tea processor, Kapchorua Tea Kenya Plc, has reported a profit of KSh19.4 million according to its audited accounts for the financial year ended 31st March 2020. This is compared [...]KTDA Annual Production Grows by 28.5%
KTDA annual production has hit a record high amid reduced global prices. Production of Tea (Green leaf) by factories associated with Kenya Tea Development Agency (KTDA) Holdings’ grew by 28.5% [...]Jan- May Horticulture Earnings Significantly Improve
Horticulture exports earnings hit KSh72 billion between January and May 2020, up from KSh65 billion for the same period last year, translating to an 11% increase. Benjamin Tito, head of [...]Tea Auction Records a Slight Increase in Prices
Theweekly MombasaTea Auction held on the 29th and 30th June 2020 recorded 12.5 million kilograms offered for sale. The amount on offer recorded an increase from 10.9 million kilograms offered [...]
