Parliament Probes KSh 752mn Miwani Sugar Land Auction
The parliamentary inquiry was triggered by a petition tabled by Suba South MP Caroli Omondi, which calls for a full accounting of the land’s ownership history, the identities behind Crossley Holdings, and the actions or inaction of public officials involved.
Kakuzi Returns to Profit on KSh 1.07 Bn on Avocado, Macadamia Haul
Kakuzi Plc posted a pre-tax profit of KSh 568.4 Mn for FY2025 after a KSh 166.7 Mn loss in FY2024. Revenue rose 12% to KSh 5.37 Bn, the second-highest in the company's 32-year record. Avocado profit nearly doubled to KSh 709 Mn on 23% higher production despite lower European prices. Macadamia surged to KSh 365 Mn from KSh 69 Mn on a 30% kernel price recovery. Tea swung to a KSh 53 Mn loss. Blueberries turned profitable for the first time. Selling costs surged 47% on Red Sea disruptions, compressing the pre-tax margin to 10.6%. Dividend doubled to KSh 16.
Williamson Tea's CEO Transition Marks 10th Listed C-Suite Shift in a Year
Williamson Tea Kenya and Kapchorua Tea Kenya have announced the retirement of Alan Carmichael as Managing Director and CEO effective 31 March 2026, ending an 18-year tenure and a career spanning five decades in the tea industry. His successor, Angus Nyariki Omete, takes over on 1 April 2026. Omete joined the company as a graduate trainee in November 1999 and has spent his entire 26-year career within the group, rising to Group Chief Financial Officer. The transition is the 10th top-level leadership change at an NSE-listed company in the past 12 months.NCPB to Take Over Maize Seed Subsidy Program After Delays
Parliament has ordered the National Cereals and Produce Board (NCPB) to take over the country’s maize seed subsidy program, removing Kenya Seed Company from its role amid concerns over delayed delivery and financial lossesPresident Ruto Signs Law Overhauling Kenya’s Coffee Sector
President William Ruto has signed into law reforms reshaping Kenya’s coffee industry, establishing a new Coffee Board of Kenya and shifting regulation away from the Agriculture and Food Authority (AFA)Kenya's Tea Exports in the Crosshairs of Global Conflicts
Ten destinations account for 82.7% of Kenya’s monthly tea exports, and most of them are currently grappling with internal and external conflicts.Limuru Tea Issues Third Straight Profit Warning as Weak Prices Bite
Limuru Tea Plc has issued its third consecutive profit warning, saying FY 2025 profit will fall by more than 25% as rising labour costs and weak tea prices weigh on earnings. The alert marks its fifth warning in a decade and comes amid volatile auction prices and higher national tea output. Limuru joins at least 12 NSE-listed firms that have issued profit warnings over the past year.Iran Requests Kenya's Help in US$3.5bn Tea Corruption Probe
Iran has formally requested Kenya’s assistance in legal investigations tied to a US$ 3.5 billion corruption case involving Debsh Tea Company, the Iranian importer that handled the bulk of the country’s tea imports.Sasini Shares Jump 59% on KSh 7.9bn Land Sale
Sasini shares have surged about 59% in six trading sessions, closing at KSh 32.00 on Friday, February 13, from KSh 20.10 on February 5, after its FY2025 annual report disclosed an agreed KSh 7.9 billion sale of the Gulmarg Division in Mweiga Estates, Kiambu CountyState to Buy Local Rice Before Duty-Free Imports Resume
Court has ordered the government to first purchase locally produced rice nationwide before proceeding with the remaining half of a planned 500,000-tonne duty-free importMacadamia Season Reopens as AFA Walks Tightrope Between Quality and Farmer Incomes
Kenya’s macadamia nut sector is heading into a critical phase after the Agriculture and Food Authority (AFA) announced the re-opening of the 2025/26 harvesting and trading windowKenya Bans Use of Tea Farmers’ Funds as Loan Collateral
Kenya has banned the use of tea farmers’ funds as collateral for bank loans, tightening government oversight of the ailing tea sector to shield smallholders from financial abuse
