Kenya outlines measures to lift fisheries sector
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- Category: Food, Kitchen & Hotel Supplies
- Published on Thursday, 26 November 2015 11:25
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The Ministry of Agriculture has developed a raft of policy, regulatory and financing incentives to accelerate transformation of the fisheries sector that contributes 0.6 per cent to the country’s Gross Domestic Product (GDP).
Speaking at an occasion to mark World Fisheries Day, Acting Cabinet Secretary for Agriculture, Adan Mohammed, said efforts to transform this sub-sector have gained steam to boost food security, exports and rural livelihoods.
“The Government is committed to development of a robust fisheries sub-sector as a means to boost export earnings, achieve food and nutrition security and create employment,” Mohamed said.
Kenya gets Sh3.8 bn boost from IFAD
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- Category: Food, Kitchen & Hotel Supplies
- Published on Monday, 23 November 2015 11:33
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The International Fund for Agricultural Development (IFAD) has agreed to provide a $37.7 million (Sh3.8 billion) loan to fund key agricultural programs in the country.
The funds will be used to boost the ongoing smallholder dairy commercial program which will receive $17 million (Sh1.7 billion) while $20.66 million (Sh2.1 billion) will support the fisheries sub-sector through acquaculture development.
IFAD President Kanayo Nwanze said funding for the two programs will be approved by his organization’s next board meeting in December.
IFC to invest Sh8.2b in beverage can factory on Nairobi’s Mombasa Road
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- Published on Saturday, 07 November 2015 08:13
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The International Finance Corporation (IFC) will invest Sh8.2 billion in a can factory to be set up on the Nairobi-Mombasa highway by Nigeria’s GZ Industries.
IFC, the World Bank Group’s private lending arm, announced the planned equity investment in a disclosure document released on Thursday.
Once completed, the multimillion-shilling factory, which will primarily produce aluminium beverage cans, is expected to provide 220 direct permanent jobs and more indirect jobs in the local supply chain in sectors such as logistics and transportation, maintenance and other support services.
Read more: IFC to invest Sh8.2b in beverage can factory on Nairobi’s Mombasa Road
Ugandan firm Pearl to construct dairy factory in Kenya
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- Category: Food, Kitchen & Hotel Supplies
- Published on Tuesday, 17 November 2015 09:47
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Ugandan firm Pearl Dairy Farms has announced plans to construct a dairy factory in Kenya that will be tasked with production and repackaging of milk products. The factory to be constructed in the capital Nairobi is aimed at growing Pearl’s market share in the region.
Atul Chaturvedi, the CEO of Pearl confirmed the reports and said that the initial estimate of the investment in the planned factory stands at about US$ 1m.
“We have for a long time been serving the Kenyan market from Uganda and our new factory will help in repackaging our products and subsequently set up a plant,” Atul Chaturvedi, the CEO of Pearl further said.
Read more: Ugandan firm Pearl to construct dairy factory in Kenya
Duma Works launches recruitment services for agribusinesses
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- Published on Wednesday, 28 October 2015 12:15
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Kenyan online and SMS-based recruitment platform Duma Works has announced the launch of an affordable hiring and employment package specifically catering to local agribusinesses.
Citing the fact that the agricultural sector in Kenya is a key contributor to the country’s economy and accounts for 60 per cent of total employment, Duma Works said the majority of this economy – around 80 per cent of it is not formalized and thus excluded from professional hiring services and employment agencies.
This realisation prompted the move by Duma Works to offer low-cost recruitment services to the agricultural sector, with the company offering agribusinesses a 40 per cent discount per hire on Duma Works’ basic plan, and a 60 per cent discount on its advanced plan.
Read more: Duma Works launches recruitment services for agribusinesses
