The National Treasury has substantially increased the allocation to the Petroleum ministry to enable it continue with a subsidy programme that has been cushioning Kenyans from the high cost of petroleum products. The Petroleum ministry’s allocation for the financial year to June has gone up by Sh24.7 billion bringing the total that the ministry has…
Maize farmers from Lugari sub-county are a happy lot landing a market for their produce. The World Food Programme (WFP) started buying maize from the farmers on Tuesday at Sh3, 000 per 90 kilograms bag. According to Majengo farmers’ Cooperative Society chairperson Alice Adage, So far, WFP has bought 2, 200 bags of maize that…
West Kenya Sugar Limited has asked the court to enjoin it in the case sugarcane farmers are challenging leasing of Mumias Sugar Company. Through lawyer Paul Muite, West Kenya told commercial court judge Wilfrida Okwany that they deserved to take over the ailing miller having been the highest bidder. The Kenyan miller now wants the…
Sugar prices are set for fresh increase in the coming days after the government raised the buying price for a tonne of sugar cane paid to farmers. Agriculture Cabinet Secretary Peter Munya last week increased producers’ price of sugar cane from Sh3,833 per tonne to Sh4,112, effective November 18, with millers expected to pass this…
Equity Group Holdings has said on Monday it launched a 500 billion shilling ($4.48 billion) loan programme to help small and medium-sized businesses to recover from the effects of the COVID-19 pandemic. The bank posted an 85% rise in nine-month pretax profit, sending its stock up more than 4% to 52.00 shillings per share at…
Kenya Pipeline Company (KPC) has plans to set up a Liquefied Petroleum Gas (LPG) facility in Mombasa to quicken the loading of cooking gas for distribution by trucks. This will help to cut demurrage costs. KPC says faster loading is expected to translate to lower prices for LPG as oil marketing companies pass the benefits…