@BdAfrica

State set to upgrade godowns for farmers, small businesses - 6 days ago, 07:23

By: Constant Munda

All the State-owned warehouses will be upgraded from July, the Trade ministry has announced, as Kenya steps up efforts to establish an agricultural commodities exchange.

Trade and Investments Secretary Peter Munya said this would facilitate the establishment of an efficient warehouse receipt system that small and medium-sized enterprises (SMEs) will use to supply produce to agro-processors in line with food security pillar of the Big Four agenda.

The warehouses will also be used to store construction materials for planned 500,000 affordable housing programme.

Legal backing

A Warehousing Receipt System Bill 2018, before the National Assembly, is set to provide legal backing for the operation of the system.

Small-scale farmers have largely shunned receipt systems by privately-owned East Africa Grain Council and the National Cereals and Produce Board due to unclear operating standards.

“We want to invest in an e-commerce platform to help SMEs access markets and this will require aggregation of supplies,” said Mr ...
Read More


Category: business lifestyle markets news opinion corporate economy

Suggested

3 hours ago, 12:12
No respite for consumers as fuel prices fall

Have you felt the relief from cheaper petrol and diesel? That is the big question that will remain on the minds of many consumers after petroleum pump prices dropped for the fourth month in a row last ...

Category: topnews news business
3 hours ago, 12:25
Agency records 18pc surge in 2018 exports

The Export Processing Zones Authority (EPZA) has recorded an increase in exports, which grew by 17.6 per cent last year to stand at Sh71 billion. Authority chairman Paul Gicheru says at the end of ...

Category: topnews news business
3 hours ago, 12:25
Nyandarua County in potato shortage crisis

An acute shortage of potatoes has hit Nyandarua County, a top producer of the tubers. However, the shortage has not benefited growers who plant the crop anticipating improved markets during the dry ...

Category: business topnews news
3 hours ago, 12:45
Fishers complain of rampant arrests

The frequent abduction of fisherfolk on Lake Victoria and subsequent release after paying fines could be an extortion ring, players claim. They said those arrested are forced to part with at least ...

Category: topnews news business
4 hours ago, 11:32
Nyandarua County in potato shortage crisis

An acute shortage of potatoes has hit Nyandarua County, a top producer of the tubers. However, the shortage has not benefited growers who plant the crop anticipating improved markets during the dry ...

Category: business news
4 hours ago, 11:32
Dam projects on course as residents agree on payment

Construction of two mega dams in Elgeyo Marakwet County worth Sh63 billion is finally set to start after more than 900 displaced families agreed to be compensated on a land-for-land basis. The ...

Category: business lifestyle markets news opinion corporate economy