Kenya Budget 2018: Govt prioritizes agricultural and manufacturing agenda but consumers may have to pay more

KENYA - With a long term goal of ‘creating jobs, transforming lives and sharing prosperity’, the 2018 budget centred at the government’s Big 4 Agenda of growing the contribution of manufacturing GDP from 9% to 15%, but consumers may be required to pay more due to proposed amendments to the VAT Act 2013, considered to…

India doubles budget allocation for food processing sector

INDIA - To ensure better returns to farmers, the government today doubled budget allocation to the food processing ministry to Rs 1,400 crore (US$218.4 million) for 2018-19 fiscal and set up institutions to finance agro-processing projects. To encourage each district to focus on cultivation of specific crops, the government will re-orient current schemes and promote…