Twiga Foods has raised Ksh1 billion investment from the World Bank’s International Finance Corporation (IFC) and the Global Agriculture and Food Security Programme. The investment was co-led by TLcom, a pan-African venture capital (VC) firm with participation from previous investors DOB Equity, 1776, Adolph H.Lundin and Wamda Capital. Twiga Foods is a Kenya-based startup that connects smallholder farmers in rural areas to informal retail vendors in cities. Twiga’s mobile commerce platform enables vendors to order fresh produce for a fair price from farmers across Kenya as and when required. Read : Twiga Food Becomes Kenya’s First Domestic Company to Test Farmers’…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The Energy Regulatory Commission (ERC) raised the prices of a litre of super petrol up by KSh2.38 per litre and will for the next 30 days retail at KSh118.11 in Nairobi and KSh115.48 in Mombasa. Diesel also increased by KSh3.11 and Kerosene by KSh2.99 per litre. ERC Director General Robert Oimeke said the increase in fuel prices is a reflection of higher costs of the imported fuel bill which increased by 4% for petrol in October from $729.04 per ton in September to $758.34 per ton in October 2018. “Over the same period, the mean monthly US Dollar to Kenya…
Developer launches Five Senses public gardens at heart of Nairobi lifestyle oasis Enaki HassConsult Limited’s sensory KSh10 billion botanical garden development has been touted as Kenya’s and Africa’s first experience-driven township designed by award-winning Spanish architects iGreen filled with cascading waterfalls and community facilities. “Enaki is an investor-buyers’ project located along Redhill Road near UN Habitat, diplomatic mission, non-governmental organisations and affluent homes. This is a premium location that neighbours Nyari, Runda, Gigiri, Ridgeways, Spring Valley, Kitisuru and Muthaiga residential areas where an acre goes for about KSh80 million to KSh100 million,” said project director Ms. Sakinah Hassanali. Yet, while…
When it comes to entertainment, home internet as an essential utility for most Kenyans who prefer speed, reliability, and service. This is according to poa! Internet survey conducted in August this year which found out that Kenyan consumers shy away from funding grand HQs and big entertainment budgets for Internet providers. According to the survey, internet consumers would rather get high-quality technical services from providers than pay extra for large marketing, entertainment and headquarter budgets, prior to the new round of subscription price rises from the country’s leading providers. Related: Safaricom increases cost for voice calls and data by 30…
“We are better off with a strong Shilling because our import to export ratio is around 3 to 1 and therefore, we are better off keeping a lid on prices via a strong currency.” Alykhan Satchu. While policymakers insist on a sustained optimism on Kenya’s economic growth prospects, analysts are wary of what is happening though with mixed sentiments. This is coupled with increased uncertainties in the global financial markets that has made the Kenyan Shilling (KES) fall by 0.1% against the US Dollar to close at Kshs 101.9, from Kshs 101.7 recorded the previous week, attributed to increased dollar demand…
The adoption of simple technologies to produce clean, alternative and easily accessible renewable energy from biomass is changing many communities livelihoods. George Kariuki, a dairy farmer in Karatina town, Kiambu County demonstrates that biogas technology can produce clean energy from cow dung. He says his cost of farming has reduced significantly. “Sistema biogas system is more efficient and produces more gas, enough for my household and organic fertilizer for my coffee farm. I therefore appreciate the quick customer service that Sistema offers,” says Kariuki. Kariuki is one of the community members using the Sistema Biobolsa, a company that constructs biogas…