Latest African business news, economy, corporate, markets updates

Tanzania: Beer Firm Supports Barley Farmers with Quality Seeds

IN its bid to support the agricultural sector, Serengeti Breweries Limited (SBL) has distributed barley seeds to farmers in Manyara and Kilimanjaro regions.The seeds have been distributed under the company's Local Raw Material Initiative where 4,000 tonnes of barley seeds would be distributed to barley farmers this year.

SBL Agribusiness Manager, Mr Shafii Mndeme, said in Manyara recently that the initiative continues to expand and that they expect more .... Read more »

Posted on : Monday , 19th January 2015

Kenya Set to Brand Coffee Produce

Agriculture cabinet secretary Felix Koskei said that direct coffee sales will be introduced as a measure to liberalise the marketing system of the product. Other measures including the restructuring of key coffee institutions including the Coffee Research Foundation and Coffee Board of Kenya to improve efficiency in the coffee sector.

"The Coffee Credit Support Fund has to date disbursed over Sh1 billion to coffee growers nationally, " he s.... Read more »

Posted on : Monday , 19th January 2015

Kenya Restructures Coffee Industry

cNairobi — KENYA has spent more than Sh1 billion towards coffee growers in order to increase production of a quality product, a senior government official said.

Speaking at a pre-launch for branding of Kenya Coffee, Agriculture Cabinet Secretary Felix Koskei, said the government would embark on restructuring exercise targeting major coffee institutions in order to improve the coffee quality as well as efficiency.

Posted on : Monday , 19th January 2015

Kenya: Bungoma Buys Sh28 Million Tractors for Farmers

THE Bungoma government has bought a fleet of agricultural machinery to boost food production.

The Sh28 million tractors will offer quick and affordable land preparation services, Governor Kenneth Lusaka said yesterday.

The equipment includes tractors, incubators and Artificial Insemination kits are expected to be unveiled tomorrow, at Mabanga Farmers T.... Read more »

Posted on : Monday , 19th January 2015

Tourism and Agriculture to Drive Growth - World Bank

A recovery in tourism and agriculture sectors coupled with increased public expenditure is expected to boost economic growth this year after a slowdown last year, the World Bank said in a global report released yesterday. In its Global Economic Prospects 2015, the lender that finances capital projects in developing countries has forecast the national wealth to expand by six per cent this year up from an estimated growth of 5.4 per cent last year.

The growth is further proj.... Read more »

Posted on : Monday , 19th January 2015

Egypt Says It Will Go on Buying Kenyan Tea

Egypt will continue to be the leading importer in Africa of Kenyan tea, its trade Minister told a Kenya-Egypt business forum held in Nairobi on Tuesday."Egypt is looking forward to become the biggest importer of Kenyan tea," said Abdi Noor at the forum attended by Kenya's Foreign Affairs and International Trade Cabinet Secretary Amina Mohammed.

The for.... Read more »

Posted on : Monday , 19th January 2015

Tanzania: New Board Challenged to Take NDC to New Heights

THE Minister of Industry and Trade, Dr Abdallah Kigoda, has challenged members of the newly appointed board of directors of the National Development Corporation (NDC) to work together in ensuring that the corporation achieves its intended goals and objectives.

He made the remarks in Dar es Salaam when launching the new board. Dr Kigoda said their appointment confirmed that it was important that they work together with the government and have the same understanding of t.... Read more »