State abattoir KMC forms debt collection task force

Struggling Kenyan State abattoir KMC forms debt collection task force

Cash-strapped Kenya Meat Commission (KMC) has formed a task force to spearhead collection of debts as it moves to settle liabilities. The State-owned meat processor owes livestock farmers Sh254.4 million for supplies and has outstanding payroll deductions totalling Sh144.7 million. Managing commissioner James Ole Seriani told Parliament that upon recovery of the money, the company […]

Kenya’s fresh produce exports earning rises 11 pct in 2017

Kenya’s earnings from fresh produce exports in 2017 jumped to 1.15 billion U.S. dollars, an 11 percent increase over 2016 earnings, the industry association said on Thursday. Fresh Produce Consortium of Kenya (FPC Kenya) Chairman Sylvester Maina told journalists in Nairobi that the sector remained resilient amid political and economic uncertainties of 2017. “We laud […]

Zanzibar export earnings increase by 26.9 per cent

Zanzibar export earnings increase by 27% driven by cloves and seaweed sales

Zanzibar’s earnings from exports of goods and services have increased by 26.9 per cent in the year ending January 2018, thanks to an improvement in the major exports of cloves and seaweeds. The Bank of Tanzania (BoT) Monthly Economic Review (MER)of February 2018 indicates that earnings increased to $225.9 million during the year ending January […]

Lack of subsidised natural gas said to stall operations 3 foreign owned fertiliser plants

Three fertiliser manufactories find it difficult to start their operations due to a lack of natural gas in their operations. Natural gas is the main and preferred feedstock in the manufacturing of urea fertilisers. The three companies are Helm AG of Germany, Ferrostal Industries Project GmbH of Germany and Capital DW Fertiliser Company of Egypt. […]