6 Marketable Export Crops in Demand Globally
Kenya's agribusiness sector is a cornerstone of its economy, contributing significantly to employment, income, and export crop earnings. The country's diverse climate and fertile soils support the cultivation of various [...]
Weak Guidelines Deny Farmers Opportunities to Reap from Contract Farming
Contract farming is set to gather momentum as pressure piles on multinational food companies to address growing food demand and consistency in the supply chain, with delegates at the Inaugural [...]
Williamson, Kapchorua Profits Drop Significantly in Half Year Results
Williamson Tea and Kapchorua Tea have both seen significant reductions in profit after tax for the half year ended September 2024 with Williamson sliding to loss-making territory. The two companies, [...]State Revives Kenya Sugar Board to Revitalize Ailing Industry
The government has resurrected Kenya Sugar Board through the enactment into law Sugar Bill 2022 in a move aimed at breathing life into the ailing sector. The Kenya Sugar Board [...]Gov't Bans Macadamia Harvesting to Block Poor Exports
The Ministry of Agriculture will curb the harvesting of Macadamia starting next month, all the way to March next year to prevent the export of immature, poor quality nuts. A [...]Gov't Suspends US$ 2.43 Price Floor on Tea as Glut Intensifies
The rising pile of unsold tea in the Mombasa auction has forced the government to drop the minimum reserve prices set in 2022, which aimed to cushion the market from [...]Tea Factories in Rift Valley, Nyanza Lag in Auction Sales Amidst Low Bonuses
Data from the latest weekly Mombasa Tea auction reveals that KTDA factories located west of the rift valley continue to fetch low prices and sale volumes compared to their eastern [...]Unga Group Cuts Full Year Losses to KSh669.6 Mn
Unga Group narrowed its losses to KSh669.6 million in the full year ended June 2024 from KSh959.4 million posted previously on reduced costs. Finance costs edged lower by 28.7% to [...]US Fed Interest Rate Cuts Weighs on Dollar, Gold Stable as Oil Edges Lower
The US Dollar, as measured by the DXY Index, extended losses on Thursday to trade below the 101 mark, amid expectations that the Fed will deliver more interest cuts in [...]Capital Markets Tribunal Greenlights Investigation into Kakuzi PLC's Financial Dealings
The Capital Markets Tribunal has rejected a bid by Kakuzi PLC (Ticker: KUKZ) and its directors to bar the Capital Markets Authority (CMA) from investigating the listed agricultural company's financial [...]Tea Farmers Protest Low Factory Prices ahead of Bonus
Farmers in various tea zones have accused several factories of unfairly dropping per kilogram prices of the green leaf, prompting protests in some areas. The Kenya Tea Development Agency (KTDA) [...]AFSA Accuses Agra of Undue Influence on Agricultural Policies in Africa
An alliance of civil society groups has accused The Alliance for a Green Revolution in Africa (AGRA) of using its power to exert undue influence on local, national and continental [...]
