Kakuzi Net Profit Falls 15% on Avocado and Tea Pressure
Listed agricultural firm Kakuzi Plc has posted mixed half-year results for the period ended June 30, 2025, with revenue growing sharply but profitability falling on weaker avocado valuations and lower [...]
Kenya, Iran to Resolve Tea Export Ban in 60 Days After Quality Scandal
Kenya and Iran have set a 60-day deadline to settle a tea export row, aiming to reopen one of Kenya’s key markets and revive earnings for farmers and exporters hit [...]Eaagads FY2025 Profit Jumps 147% on Stronger Prices, Higher Sales
Listed agricultural company Eaagads Limited has reported a 45.5% rise in revenue to KSh 277.3 million for the financial year ended 31 March 2025, marking its strongest topline performance in [...]Sugarcane Price Hike to Squeeze Millers' Margins Further
The government has increased the minimum price of sugarcane effective to Kshs. 5,750 per tonne, a Kshs. 250 increment from the previous Kshs. 5,500, which was set in the last hike just [...]
Kenya Dominates Africa’s Digital Agricultural Payments
Kenya leads Africa in digital agricultural payments, outpacing regional peers and global averages, according to new data from the Global Findex Database. Sub-Saharan Africa performs better, with 30% of adults [...]Govt Embeds Insurance in Subsidized Fertilizer Program, Targets 250,000 Farmers
The government is piloting a project that integrates climate-smart insurance into the subsidized fertilizer program, aiming to support 250,000 smallholder crop farmers across eleven counties before a nationwide rollout in 2026. Agricultural insurance is a step [...]Sugar to Cost More as 4% Levy Kicks In
A new chapter has begun for Kenya’s long-troubled sugar industry as the Sugar Development Levy (SDL) came into effect on July 1, 2025, introducing a structured funding mechanism to support sector-wide reform. At [...]Kenya's Food Regulator Denies Claims of Fresh Avocado Export Ban
The Agriculture and Food Authority (AFA) has dismissed recent claims suggesting that a ban on fresh avocado exports was proposed during a high-level meeting with avocado oil processors. In response [...]Fresh Del Monte Produce Inc. Clarifies It Is Not Affiliated with Del Monte Foods Inc.
A fully independent company, Fresh Del Monte is unaffected by the recent legal and financial matters involving Del Monte Foods Inc. CORAL GABLES, Fla.: Fresh Del Monte Produce Inc. (NYSE: FDP) [...]
Williamson, Kapchorua Profits Down, Hold Dividends and Propose Bonus Issues
Williamson Tea Kenya Plc and its associate Kapchorua Tea Kenya Plc have posted significantly weaker financial results for the year ended 31 March 2025, underscoring mounting pressures in the global [...]Easing Interest Rates Drive More Farmers to Banks Despite Collateral Barriers
The easing monetary policy in Kenya’s credit market is attracting farmers to banks for facilities to finance their operations, with Central Bank listing land expansion, purchasing of machinery, and leasing [...]UAE Displaces Sudan Among Top Markets for Kenya's Tea amid Diplomatic Row
Kenya’s tea exports to Sudan slumped by over a third, month-on-month, amid a deepening diplomatic fallout between Nairobi and Khartoum. The trade freeze has tangible consequences for Kenya’s exports as [...]
