Kenya Breaking News, Business Information, Articles, Africa - kenyadetails

Brookside Dairy enters powdered milk market

Brookside Dairy has begun selling powdered milk, a year after commissioning a Sh3.5 billion dry milk plant to facilitate production.

The move into the powdered milk market has seen the processor’s daily intake of raw milk rise to nearly two million litres.

Brookside’s Director of Milk Procurement, John Gethi, said the Ruiru-based firm is servicing several bulk orders for powder each day, mainly from confectionery industry players.

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Kenya gets Sh3.8 bn boost from IFAD

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.

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Kenya outlines measures to lift fisheries sector

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.

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Ugandan firm Pearl to construct dairy factory in Kenya

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.

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