KENYA – More than 5,000 horticulture farmers and 11 horticulture firms have been banned from exporting fresh produce to the European Union (EU) market.
NIGERIA – As Nigerian elites develop increasing taste for alcoholic beverages, more foreign alcohol brands are eyeing the market valued at $2.84 billion, according to an International Wine and Spirit Research (IWSR) report.
KENYA – The price of a 50 kilogramme bag coffee increased to $202 (Sh17,748) at the Nairobi Coffee Exchange (NCE) from $152 (Sh13, 224) during the last auction held in July.
KENYA – Tea dominates Kenya’s trade with Egypt, accounting for 96 per cent of the Sh21.4 billion worth of goods that Kenya exported to the northern African nation last year.
KENYA – Retail giant Nakumatt Supermarkets lost at least Sh4.3 billion in sales and saw revenue fall by nearly a tenth last year as its branches in Kenya felt the full effect of the Westgate Mall terrorist attack.
TANZANIA – Tanzania’s Capital Markets and Securities Authority (CMSA) has approved Uchumi Supermarkets to cross-list shares on the Dar es Salaam Stock Exchange.
KENYA – Retail chain Tuskys Supermarkets yesterday shut down two of its Nairobi branches after the competition regulator stalled its bid to acquire six stores belonging to rival Ukwala in the city’s central business district (CBD).
UGANDA – Popular fast food joint Kentucky Fried Chicken (KFC) has opened its third branch in Entebbe at Victoria Mall today.
ZAMBIA – A continental consumer watchdog says Zambia’s sugar prices are relatively higher than expected.
KENYA – Nakumatt Supermarket is targeting entry into South Sudan and Burundi, making it potentially Kenya’s first big retail chain to open shop in the two countries.