Williamson Tea Profit Declines to KSh 526.9 Million
Williamson Tea Kenya has reported a decline in its full year financial result ending 31 March 2024 from KSh 564.2 million realized during the same period last year to KSh [...]
Lipton Teas and Infusions Withdraws Offer to Acquire Remaining Shares of Limuru Tea
The Capital Markets Authority (CMA) has approved a request by Lipton Teas and Infusions Kenya Plc to withdraw its initial offer to acquire the remaining shares of Limuru Tea. Subsequently, [...]Sri Lanka's Brown Investments Acquires Lipton Teas and Fusion's Tea Estates
Lipton Teas and Infusion has transfered its tea estates in Kenya, Rwanda, and Tanzania to Browns Investments in a deal that will also see shares totalling 15 per cent of [...]Agritech Startup iProcure Placed under Administration
Agritech startup iProcure, which raised millions of dollars in funding, was placed under administration on April 26, the administrator said in a notice published in local dailies on May 1st. [...]
Kenyan Agro-Insurance Startup, Pula Raises US$ 20 Million in Series B Round
Pula, a Kenyan startup that offers insurance to small-scale farmers, aims to serve more than 100 million farmers in Africa after raising US$ 20 million in its Series B round. [...]Mastercard Launches Agribusiness Challenge for SMEs in Kenya
MasterCard, through its Agribusiness Challenge Fund, is seeking proposals from Small and Medium-sized Enterprises(SMEs) in the agriculture sector in Kenya and 20 other African Countries, with projects that can create [...]
UK Removes Tariffs for Kenya’s Cut Flowers
The UK has removed export tariffs for cut flowers for two years, with the aim of making trade with the UK easier and cheaper for growers in East Africa and [...]Onion Prices to Remain High in April Despite Harvest CBK
Prices of onions are expected to remain elevated in the month of April despite an increase in supply harvesting which peaked in March. However, the impact of the harvest on [...]How VunaPay is Revolutionising Small-Scale Agriculture
When VunaPay, an agritech startup that provides produce management solutions, was founded last year, its co-founder and CEO Judy Njogu Mokaya did not anticipate that the platform would [...]Kenya Government Eyes US$ 171.8 Billion Superfoods Market
Kenya's government has confirmed plans to use the local co-operatives network to position Kenya as a leading superfood producer and exporter. Speaking during at Kakuzi Plc orchards and Packhouse in [...]US Launches Africa Trade Desk, Targets $300mn Deals in 18 Months
Prosper Africa, a US government national security initiative, has announced the launch of Africa Trade Desk, a platform to link African agricultural producers and suppliers with large US food retailers. [...]Cotton Farmers to Receive 500 MT of Seeds as Price Increases by KSh20
Cotton farmers will receive 500 metric tonnes of seeds this year under a renewed effort by the government to boost production and include the crop in Kenya’s export list. “Continuously, [...]
