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  • Kenya smallholder tea farmers earn Sh63.6 billion from tea exports

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The controversial polythene Bill enters crucial stage despite protests by local manufacturers

By Today Financial News Reporter

The controversial EAC polythene materials controls Bill that seeks to ban use of plastic bags in the region is set for the second and third reading next week despite opposition from Kenyan plastic manufacturers.Ms Betty Maina (left) KAM CEO opposes the proposed law to control the manufacture and sale of polythene material Ms Betty Maina (left) KAM CEO opposes the proposed law to control the manufacture and sale of polythene material

According to a press statement released by the East African Legislative Assembly (Eala), the bill will form part of the business during the second meeting of the fifth session in Bujumbura, Burundi on November 15-30.

Increase budget allocation to agriculture in order to produce enough food, pleads minister Kosgei

By Today Financial News Correspondent

Budget allocation to the agricultural sector should be increased to not less than 13 per cent from next year, Agriculture minister Dr Sally Kosgei has said.Agriculture minister Dr Sally Kosgei wants additional funding in agricultureAgriculture minister Dr Sally Kosgei wants additional funding in agriculture

Dr Kosgei says the government must invest more on agriculture which is the backbone of the country so as to guarantee the people food insecurity and lift millions who depend on the sector out of poverty.

Nakumatt Holdings ranked among top 50 family businesses globally

By Ben Kinyanjui

Regional retailer Nakumatt Holdings has landed a spot in the coveted CampdenFB World’s Top 50 fastest growing family businesses.

In the listing published in the current (Autumn 2011) edition of the authoritative CampdenFB (formerly Families in Business) magazine, Nakumatt is placed position 28 in the CampdenFB Top 50 Global Challengers list.

Kenya abolishes work permit fee for EAC citizens, calls for partner states to reciprocate

By Today Financial News Reporter

Kenya has joined Rwanda in abolishing work permit fees for people from the East African Community (EAC) states seeking employment in the country, a senior Government has said.

Ministry of East African Community Integration secretary Mr Barrack Ndegwa says the move is aimed at encouraging free movement of labour in the region following the signing of the EAC Common Market Protocol, two years ago.

Taskforce on agriculture incentives formed to drive value addition in the sector


By Ben Kinyanjui

The taskforce on agricultural incentives formed to seek ways to add value to agricultural commodities produced in the country has started its work by prioritising commodities to be considered under the programme.Value addition in agricultural commodities would earn more moneyValue addition in agricultural commodities would earn more money

During its first meeting with top officials of the ministry of Planning, National Development and Vision 2030, the members reiterated their commitment to tackle issues that has hindered the value addition process.

Magadi Soda commissions Sh10 billion plant as demand for soda ash rises

By Today Financial News Reporter


Soda ash producers and exporter Tata Chemicals Magadi has increased its production capacity by over 50 per cent to 600,000 tonnes.

The company that has commissioned a Sh10 billion ash plant intends to increase production to one million metric tonnes in the next three years.

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