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 [...]Farmers Miss Out on Credit as Majority Stuck to Traditional Storage Methods Study
Majority of small holder farmers are missing out on credit to expand their farms as many are stuck in the traditional ways of storing their harvest. “The annual financing requirements [...]Kakuzi Half Year Profits Triple on Higher Macadamia, Avocado Revenue
Kakuzi Plc, a listed agricultural firm, has posted KSh347.5 million net profit for the 6 months to June 2024 a 195.8 percent increase compared to the same period in [...]Pest Control Board Defends Claims of Allowing Carcinogenic Products in Kenyan Market
The government through the ministry of Agriculture’s Pest Control Products Board is on the defensive mode after being accused of allowing harmful pesticides in the market. The deputy speaker also [...]Farmers Decry High Cost of Fertiliser Despite Govt Subsidy-CBK Survey
The cost of fertiliser is still beyond the reach of many farmers across the country posing the risk of low-quality produce, despite efforts by the government to introduce subsidized fertilisers, [...]Food Processor Gaea Foods Becomes First Beneficiary of €20mn Pepea Fund
Gaea Foods, a Kenyan potato-processing company, has received an undisclosed amount in financing from Pepea Fund in the form of venture debt to support small businesses to grow and broaden [...]
