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 [...]Sasini Issues Profit Warning on Higher Costs
Sasini PLC, a publicly listed agricultural company, has issued a profit warning for the full year ending 30th September 2024, citing higher production costs, depressed commodity prices and supply chain disruptions. [...]Competition Authority Okays Lipton Teas' Takeover By Browns Investments
The competition regulator in Kenya has permitted UAE's B Commodities's acquisition of 98.56% in Lipton Teas and Infusion, setting the stage for one of the most watched MA deals in [...]State Withdraws Controversial Livestock Bill
The government has withdrawn the controversial Livestock Bill 2024 which sought to create a new authority to register farmers and regulate inputs and products of all livestock. The responsibility lies [...]
64.8% of Africa's Population Unable to Afford a Healthy Diet-FAO Report
Two thirds of Africa's population is unable to afford a healthy diet, against a global average of a third, the Food and Agriculture Organisation (FAO) says in a recent report. [...]
