Bakhresa Group halts flour exports to Kenya on inapt tax rules

TANZANIA - Bakhresa Group which operates one of the largest flour mill in Tanzania has suspended Kenya flour exports on changing rules and systems for exporting goods into the country. The company said frequent changes in tax rules, instituted by the Kenya Revenue Authority (KRA) have slowed its exports to Kenya and led to losses…

Abraaj in talks to sell its Java House interest and Brookside stake to UK fund Actis

KENYA- The British private equity fund Actis is set to acquire Abraaj Holdings’ Kenyan assets including Java House operations and a 10% stake in the country’s leading dairy firm, Brookside Dairy Africa, Business Daily reports. This is after Reuters reported that Actis has placed a bid to acquire Middle East and North Africa private equity…

Kenya Breweries’ trains 300 youth and women through vocational courses

KENYA - Diageo’s local operator Kenya Breweries Limited has unveiled about 300 youth and women graduates from its vocational training and entrepreneurship programme dubbed Heshima. Heshima is a local training initiative aimed at equipping youth and women from across Kenya with entrepreneurial skills at the same time tackling the issue of unemployment among target groups.…

State fails to defend US$19m compensation in plastic ban case

KENYA - The government of Kenya represented by the office of the Attorney General (AG) has failed to meet a seven-day deadline that required it to provide defence against a Nairobi-based manufacturer who is seeking a US$19 million compensation following plastic bags ban. According to Business Daily, the manufacturer, Hi-Plast Limited is also seeking to…

Kenyan confectionery firms lose US$1.3m in export earnings from sweet row

KENYA - Local sugar confectionery firms have lost US$1.34 million in export earnings in the six months ended June, reflecting the impact of trade war between Kenya and Tanzania, reports Business Daily. According to Kenya National Bureau of Statistics (KNBS), earnings from sugar confectionery that is, sweets, biscuits and chocolate fell to US$23.57 million from…

IRRI opens regional office in Kenya to boost Africa’s rice productivity and sufficiency

KENYA - The International Rice Research Institute (IRRI) has opened a new regional office in the Kenyan capital Nairobi to help Africa achieve self-sufficiency and productivity in rice production. The new regional hub hosted by CGIAR center, the International Livestock Research Institute (ILRI) will work in collaboration with AfricaRice to offer training and research services…

State takes over US$23m school meals project from World Food Programme

KENYA - The government of Kenya has taken charge over the school feeding project previously allocated to the global food-assistance agency, World Food Programme (WFP), reports the Nation. The WFP, who have been sponsors of the school feeding programs in Arid and Semi–Arid areas in the country had earlier indicated that they were set to…

Hilton turns to Africa for growth targeting Rwanda and Botswana entry

KENYA - The American hospitality company, Hilton Worldwide Holdings plans to more than double the number of its hotels in Africa in the next five years and is considering entry into countries such as Botswana and Rwanda where it is not present, reports Reuters. The expansion will be mainly through a deal or partnership with…