Togo Receives $3M Loan to Boost Agriculture
The African Development Bank has approved a $3 million loan to Togo to boost its agricultural sector. The funds, approved on June 18th, will enable an earlier loan issued by [...]
Relief for Mumias Sugar as KSh 11 Billion Tax Bill Waived
The Government has waived KSh 11 billion in tax arrears owed by the debt-ridden Mumias Sugar Company. The information was disclosed by the Kakamega Governor Wycliffe Oparanya, while co-chairing the [...]
KTDA suspends fertilizer importation for 2020
The Kenya Tea Development Agency says it has suspended the importation of fertilizer for smallholder tea farmers for the year 2020 citing disruptions in the importation chain that has been [...]Flower Farms Resume Operations as Exports Rise to 60%
Flower Farms in Naivasha have resumed operations as EU markets ease the lockdown. As a result, 90 percent of the staff in Naivasha flower farms are now back to work. [...]Tea Auction Continues to Record Price Decline
The weekly Mombasa Tea Auction held on the 26th and 27th May 2020 recorded 12.6 million kilograms of tea offered for sale. The amount of tea on offer increased from [...]Kenya's horticulture industry losing KSh 106 Million per day
Kenya's horticulture industry is estimated to be losing at least $ 1 Million per day. This is despite gradual opening of most markets within the European Union, Kenya's main horticulture [...]Kenya's Apollo Agriculture Raises $6 Million Investment
Nairobi-based agri-tech startup, Apollo Agriculture, has raised a total of $6 million (KSh 642 Mn) in its Series A round of funding. Investors who took part in the funding include [...]Tea Auction Brokers to Retain KSh1.4 Billion Fixing Fees
The Competition Tribunal has overturned an order from the Competition Authority of Kenya (CAK) seeking to stop brokers at the Mombasa Tea Auction from price-fixing. In its ruling, the Tribunal [...]Oserian Sends 800 Workers on Unpaid Leave
Flower farm, Oserian, has sent 800 out of its total workforce of 1,200 on unpaid leave. The move seeks to ensure the firm remains afloat even after the COVID-19 pandemic [...]Kenya Negotiates With Airlines to Boost Horticulture Exports
Kenya is in talks with 12 airlines to complement the efforts of its national carrier, Kenya Airways, to keep horticulture exports business alive amid the global COVID-19 pandemic. Transport Cabinet [...]Prices Fall by 15% at Nairobi Coffee Exchange
The prices of Kenyan coffee have fallen by up to 15% at the Nairobi Coffee Exchange (NCE), in what NCE Chief Executive Daniel Mbithi attributes to high volumes of low [...]Tea Sector Lobby Group Pushes for Reforms
The Kenya Tea Sector Lobby Group is pushing for reforms in the sector, a move that seeks to improve the earnings of the tea farmers. The proposed reforms include: Management [...]
