• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    Nigeria Launches National Domestic Payments Card Program
    In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States
    $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years
    $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence
    President William Ruto of Kenya has Urged fellow African Rulers to address on Agribusiness beyond Production to Value Addition and Manufacturing
    Africa’s Economic Growth to Outpace Global Forecast in 2023-2024, AfDB Report
    Growers in Uganda to succeed from Nigeria’s AFEX’s Tech-Enable Products having expanding its Products Exchange Business in Nigeria’s AFEX from Kenya
    Nigeria Sets Quality Control and Assurance Laboratory for the Oil and Gas Industry

    The Chairman of the Nuts Traders Association of Kenya Johnson Kihara asserted during Planters Yielded more than 65, 000 Metric Tons of Macadamia

    Posted On 26 Dec 2022
    By : New Africa Business News, Staff Correspondent
    Comments: 8

    By Abdul Rahman Bangura-

    Kenyan Women Processing Nuts
    Photo Credit: wholesalenutsanddriedfruit.com

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– Kihara reported on Monday, December 26th, 2022 that a kilo of macadamia was being sold at not less than Sh90, associating the reasonable prices to a healthy business rivalry by the various processors.

    Accordingly, the Chairman discerned that a segment of coffee growers particularly in parts of central Kenya have changed positions to macadamia agriculture after prices of the nuts went up.

    “The number of macadamia farmers has gone up. This has led to more production and equally increased processors, who have occasioned competition, thus better prices,” he noted.

    There are roughly 6,000 macadamia planters in the nation, with the bulk of them entering from the Mount Kenya area. Kihara told, 2022 prices were far good announcing in the past two years; the sales were greatly affected by the effects of Covid-19.

    “The macadamia sector was however able to withstand the turbulence at the global market posed by various factors including Covid-19 and this has seen the farmers get good returns,” he mumbled.

    He remarked that Kenya is ranked third in the world in the production of macadamia, which has an enormous ability to increase the economic growth of the country.

    Kihara noted that licThe ensuing of new 35 processors from the previous five by the Agriculture and Food Authority (AFA) has helped farmers rs to get a wider market for their macadamia products.

    “During the year under review, no macadamia nuts were left in the farms, unlike before when a processor would only buy the required quantity, leaving a lot of waste in the homesteads,” he expanded.

    Kihara however decried increased theft of macadamia from farms saying the crime is being perpetuated by a crooked process, whose goal is to earn reasonable nuts and smuggle them out of Kenya.

    “The theft of macadamia brings down earnings of farmers and also leads to harvesting sub-sector nuts which always go to waste,” he told.

    “AFA is the sole regulator of the macadamia sub-sector, but it appears like the officers have gone to bed with the processors, leading to a compromise instead of fighting for the farmers,” he said.

    He asked AFA officers to be fully involved in the entire macadamia value chain from the planting of the seedlings to the marketing component, which was not being done at the moment.

    “Currently, the officers only purport to exert their authority when the farmers are harvesting as they try to control the market, which is of little benefit,” he said.

    KihaI also called for the revival of a petition tabled in parliament way back in 2016 to have Section 43 of the Crop Act 2013 amended and also seal all the loopholes, which allow the illegal smuggling of the nuts.

    A macadamia grower from Kandara sub-county, Peter Maina announced he got over Sh150, 000 from the produce, up from Sh100, 000 he got last year.

    “The nuts are giving us better returns compared to coffee. I have planted about 30 trees on my farm and I intend to add more to boost production,” said Maina.

     

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    $41Million Increased in Five Months from Ethiopia Agriculture Authority from export Marketing of Meat

    Next Story

    African Development Bank Unveils New Initiative to Build African Pharmaceutical Sector

    8 Comments

    1. Becky December 27, 2022 at 5:09 am Reply

      Thank you for covering Kenya. Our Farmers are our front runners, trying their best to feed us all and export. Mombasa in Kenya. Becky

      • New Africa Business News, Staff Correspondent December 27, 2022 at 5:23 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Amara December 27, 2022 at 5:14 am Reply

      Agriculture and farming is growing in Kenya and in Africa. The opportunities are priceless. Nairobi in Kenya. Amara

      • New Africa Business News, Staff Correspondent December 27, 2022 at 5:22 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Abez December 27, 2022 at 5:16 am Reply

      Thank you for the newsletters. Love new Africa business news. A fan too. Addis Ababa in Ethiopia. Abez

      • New Africa Business News, Staff Correspondent December 27, 2022 at 5:22 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Nora December 27, 2022 at 5:19 am Reply

      Journalist Bangura thank you with your teams. Great reports. Windhoek in Namibia. Nora

      • New Africa Business News, Staff Correspondent December 27, 2022 at 5:22 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    Posted On 06 Feb 2023

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

    Posted On 03 Feb 2023

    Nigeria Launches National Domestic Payments Card Program

    Posted On 02 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Thanks for reading, Africa’s fastest...

    Posted On 21 Jan 2023

    Facebook

    Latest Posts

    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

    Nigeria Launches National Domestic Payments Card Program

    Recent Posts

    • A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    • $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    • Nigeria Launches National Domestic Payments Card Program
    • In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States
    • $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.