Browsing: Agribusiness in kenya

  • Agriculture deals worth $25Mn will be struck next month as investors throng the Kenyan capital for the 6th edition of Africa Agri Expo (AAE) in February 2023. 
  • Over 100 investors and potential business leads in the agriculture value chains from 35+ countries, are keen on setting up businesses and distribution set-ups in Kenya. 
  • The agricultural 2-day event will happen on 8th February to 9th February at the Kenyatta International Convention Centre (KICC) and is designed to provide solutions to Farmers, Agribusiness professionals, Agronomists, Government representatives to improve their yields and revenue. 

Agriculture deals worth $25 million are expected to be struck next month as investors throng the Kenyan capital for the 6th edition of Africa Agri Expo (AAE) in February 2023. 

TAB Group Chief Executive Officer Tahir Bari said over 100 investors and potential business leads in the agriculture value chains from 35+ countries are keen on setting up businesses

  • Kenya’s Twiga Foods has launched Twiga Fresh, a new subsidiary that will grow the company’s range of private label products
  • The business-to-business e-commerce company said it has invested $10 million into the company, to scale the production of domestic horticultural staples like onions, tomatoes and watermelons 
  • Twiga Foods CEO and co-founder Peter Ndegwa said Twiga Fresh will be funded through debt in partnership with Development Financial Institutions in the long term

Twiga Foods has announced the launch of Twiga Fresh, a new subsidiary that is focused on modern and commercial farming, to help supply informal retailers and urban consumers with lower cost, better quality, and safe food.

The Kenyan-based business-to-business e-commerce company said it has invested $10 million into the company, to scale the production of domestic horticultural staples like onions, tomatoes, and watermelons, significantly lowering the cost.

The investment in Kenya will make this one of the largest single …

  • A climate-smart crop insurance scheme introduced in Kenya combines satellite data and smartphone imagery to provide farmers with much-needed protection
  • It relies on satellite images to determine if a particular area – sometimes covering up to 1,000 farmers
  • Picture-based insurance requires farmer champions to periodically take photos on behalf of farmers’ crops at different growth stages 

As climate change worsens, millions of smallholder farmers across sub-Saharan Africa grapple with unprecedented weather changes and influxes of pests and diseases that ravage their farms and devastate their livelihoods.

However, a climate-smart crop insurance scheme introduced in Kenya combines satellite data and smartphone imagery to provide farmers with much-needed protection.

To cushion farmers against climate change and boost productivity and resilience, governments and private sector players have been exploring various financing solutions.

Among them is index-based weather insurance, which relies on satellite images to determine if a particular area – sometimes covering up …

A report by the Auditor General has revealed that the Kenya Seed Company stocked different varieties of maize infected with the Maize Lethal Necrosis Disease amounting to losses of about 218 Million shillings.

According to a report by a local daily,the report by Auditor-General showed that Kenya Seed Company (KSC) made provision of Sh250,177,000 for obsolete stocks in the statement of profit and loss and other comprehensive income.

“Examination of records made available for audit revealed that varieties of raw maize worth Sh217,848,520 was infected with MLND and slow germination as reported by the Kenya Plant Health Inspectorate Service (Kephis),” the report dated June 17, 2019 was quoted by the local news outlet.

Responding to this news, Greenpeace Africa’s Food for Life Campaigner Claire Nasike has said that it is such a shame that the Kenya Seed Company trusted with producing top quality seeds stocked infected maize seeds.

“This action …