Kapchorua Tea Kenya Reports KSh19.4 Million Net Profit
Listed tea processor, Kapchorua Tea Kenya Plc, has reported a profit of KSh19.4 million according to its audited accounts for the financial year ended 31st March 2020. This is compared [...]
Low Sales Push 65% of Kenyan Small Businesses to Cut Staff
Kenyan businesses are the worst hit among Sub Saharan Africa as 65% of small businesses operating on Facebook reduced their employee numbers as a result of the pandemic. Ghana follows [...]
Private Sector Calls for Value Addition in the Ongoing Kenya-US FTA Negotiations
Different members of Kenya's private sector yesterday called for value addition in agriculture as one of the key components of the ongoing FTA negotiations between Kenya and the US. In [...]EAC Adopts New Measures to Shield Local Industries
Countries in the East African Community have adopted new Common External Tariff (CET) import duty measures that seek to protect local industries from cheap imports. The new import taxes took [...]Exports for Q1 Rise by 5.3% Driven by Tea and Horticulture
The value of Kenya's domestic exports grew by 5.3 per cent to KSh 144.9 billion in 2020 Q1 from Ksh 137.6 billion in Q1 2019. The rise comes from growth [...]Jan- May Horticulture Earnings Significantly Improve
Horticulture exports earnings hit KSh72 billion between January and May 2020, up from KSh65 billion for the same period last year, translating to an 11% increase. Benjamin Tito, head of [...]EAC Trade Down by 40% Due to Movement Restrictions
EAC Trade volumes have dropped by 40% due to the restrictions on the movement of people and goods. The volumes of EAC trade dropped significantly after February when the onset [...]84% of Kenyan Consumers Face Financial Uncertainty -SCANAD
Marketers in the country face a new challenge on ways to target consumers, as realities of the pandemic usher different spending habits. A report by agency network SCANAD dubbed [...]Govt Sets Protocols to Resume Imports of Second Hand Clothes
Trade CS Betty Maina has said that the Ministry of Trade is developing guidelines to resume the importation of second-hand clothes. The announcement came after petitions from traders whose stock [...]Equity Bank to Receive KSh 5.4 Billion IFC Loan to Support SMEs
World Bank's International Finance Corporation (IFC) will give Equity Bank a loan of KSh 5.4 billion to increase lending to small businesses. The institution revealed that Equity Bank will receive [...]Kenya US FTA Talks to Kick Off on July 7
Trade talks between Kenya and the US on the Free Trade Agreement (FTA) will begin on July 7th, building up to the signing of the agreement. Speaking on the forum [...]Prices Stagnate at Weekly Mombasa Tea Auction
The weekly Mombasa Tea Auction held on the 22nd and 23rd June 2020 recorded 12.9 million kilograms offered for sale. The amount of tea on offer recorded an increase from 10.2 million [...]
