Maudhui House

Coffee earnings from October last year to August 2022 jumped by Kes9.8 billion to Kes25.2 billion on account of improved local yields and favorable prices in the global market after world-leading producer Brazil suffered production setbacks due to harsh weather. In the review period, the latest data shows the Nairobi Coffee Exchange (NCE) handled 575,543 bags of green beans, a 52 percent increase from...

KCB Bank Kenya is planning to inject over Kes120 billion to support Oil Marketing Companies (OMCs) importing fuel as the regional lender seeks to consolidate its support to the energy industry. The Bank has been facilitating oil imports into Kenya by financing the oil firms under its portfolio that have won business under the Open Tender System (OTS) through the Ministry of Petroleum and...

Inflation is considered a hidden tax in that the same paycheck covers fewer goods, services, and bills leaving taxpayers less well-off due to higher costs while increasing the government’s spending power. Inflation increases the amount of money a government collects as taxes, for instance, 16 percent Value Added Tax (VAT) on a bottle of beer that ordinarily costs Kes100 is higher than if the...

President William Ruto has pledged to end plastic pollution in Kenya, which has for the longest time posed a major threat to humans and the environment. During his inaugural speech at the United Nations General Assembly (UNGA) in New York on Wednesday, Dr Ruto said Kenya is ready to work with other nations to achieve the goal. "Kenya is committed to...

Fruit exporter Kakuzi Plc has secured pre-shipment approvals from the Kenya Plant Health Inspectorate Service (KEPHIS) for its second fresh avocado shipment to China. The Nairobi Securities Exchange-listed company will be shipping several 20-foot container loads to China by sea before the end of this week as demand for quality Kenyan avocado fresh fruits grows in the South Asian market of 1.4 billion people.

Farmers across Kenya will start buying subsidized fertilizer next week at Kes3,500 per 50Kg bag down from Kes6,500 as the planting season for the short rains starts. The move follows the release of Kes3.5 billion by the Ministry of Agriculture that will make available 1.4 million bags of fertilizer to millions of farmers. The National Cereal and Produce Board has been...