One Acre Fund and US investment firm inks US$5m deal to support Kenyan farmers

KENYA - One Acre Fund, a provider of asset-based financing and agriculture training services in East Africa has signed a US$5 million loan deal with US based non-profit investment firm, Calvert Impact Capital to support agricultural needs of Kenyan farmers. The funding will be used to enhance availability of fertilisers, seeds and green energy focused…

Top Water Company to invest US$1.4m in new equipment to boost capacity

ETHIOPIA - Ethiopia’s new entrant in the bottling industry, Top Water Company is investing US$1.44 million in new water purification and bottling machine to boost its production capacity by 133%, reports Addis Fortune. The new machine will boost will push up the production capacity of the company to 42,000 litres of water an hour from…

Kenya Standards’ officials and others in ‘toxic’ sugar case granted bail

KENYA - Two officials from Kenya Bureau of Standards (KEBs) and three directors from companies implicated in illegal and sub-standard sugar importation have been released on bail, reports Daily Nation. The officials alongside a port health officer have been accused of being involved in the release of 10,000 bags of substandard sugar packed in 50 kilogram…

East Africa to develop policy on aflatoxin to boost food security and safety

KENYA - The East African Community member (EAC) states have agreed on plans to develop a policy framework to address the human and animal health threat of aflatoxin contamination and boost food security, a NewTimes report has revealed. The economic bloc aims to address food nutrition, security and safety issues in regard to animal, human…

COMESA to mediate milk and palm oil trade dispute between Kenya and Zambia

KENYA - Common Market for Eastern and Southern Africa (COMESA) plans to mediate a trade dispute between Kenya and Zambia over long-standing barrier on milk and palm oil exports, reports Lusaka Times. Speaking to journalists in the capital Nairobi, COMESA Director for Trade Customs Francis Mageni said Zambia has prevented milk and palm oil exports…

Avocado farming booms as Kenyan farmers cash in from increasing European demand

KENYA – Farming and sale of avocado is proving to be profitable to Kenyan farmers as farmers are switching coffee and tea for avocados in a bid to profit from increasing European demand. According to News24, avocado toast is becoming a staple of European menus, as said by Laura Hannoun, a blogger who has listed…

Maize flour prices in Uganda fall due to increased supply of cheap grains

UGANDA - Maize flour prices have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western Kenya, easing inflationary pressure. According to Business Daily, the imports from Uganda and harvest has pulled down grain costs from Sh3, 200 a bag in January to below Sh2, 000, offering millers…

Bosch Appliances to open next regional outlet in Ethiopia after Kenya

ETHIOPIA – German engineering and electronics maker, Bosch Appliances, will open its next regional outlet in Ethiopia this year as it eyes further expansion across Africa. According to the Business Daily, the multinational engineering and electronics maker said it will then open similar stores in Uganda, Tanzania, Mozambique, Senegal, Zimbabwe, Namibia, Ivory Coast and Nigeria…

International Coffee Organization in Kenya for talks with coffee farmers

KENYA - Members of the International Coffee Organisation (ICO) are in Kenya for talks with Kenyan coffee farmers who are looking to ink direct purchase deals with top global coffee buyers. According to Business Daily, the ICO executive director Jose Sette held a meeting with Council of Governors vice chair Kirinyaga Governor Anne Waiguru and…

Fast-food franchise Subway to open four more outlets in Kenya

KENYA - The American privately held sandwiches and salads restaurant chain has said it is looking to open four additional branches in the Kenyan capital Nairobi where an appetite for fast-foods is significantly increasing, reported Business Daily. Subway through Liberty Eagle Holdings, the Africa franchise holder of the fast-food brand, is embarking on a growth…