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    KenGen awarded for gender mainstreaming and women empowerment in the workplace

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    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    Government to collect rent from commercial and residential houses

    Government to collect rent from commercial and residential houses

    OPINION: Why Europe wants Africa to end crop protection in case science one day shows it’s harmful

    OPINION: Why Europe wants Africa to end crop protection in case science one day shows it’s harmful

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    Family Bank Ink Fodder Financing Deal With Dairy Farmers

    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

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    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    African Airlines Association call for support measures to rescue continent aviation industry

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    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    World Animal Protection calls for an End to wildlife trade

    World Animal Protection calls for an End to wildlife trade

    JKIA and Moi International Airport named the best in Africa

    JKIA and Moi International Airport named the best in Africa

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    17% of Kenyan Billionaires looking to buy a house in 2021

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    NCBA partners with Shelter Afrique to finance properties in 5 counties

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    New Ksh350Million Commercial centre to be constructed in Athi River

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    Kenya’s position as a Digital Media Hub gaining momentum

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    Global Music Streaming Service Enters the Kenyan Market

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    High Court okays completion of Ksh.600m Infrastructure Projects

    High Court okays completion of Ksh.600m Infrastructure Projects

    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

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Kenyan Business Feed
  • Home
  • News
    High Court okays completion of Ksh.600m Infrastructure Projects

    High Court okays completion of Ksh.600m Infrastructure Projects

    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    KenGen awarded for gender mainstreaming and women empowerment in the workplace

    KenGen awarded for gender mainstreaming and women empowerment in the workplace

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    Government to collect rent from commercial and residential houses

    Government to collect rent from commercial and residential houses

    OPINION: Why Europe wants Africa to end crop protection in case science one day shows it’s harmful

    OPINION: Why Europe wants Africa to end crop protection in case science one day shows it’s harmful

    Family Bank Ink Fodder Financing Deal With Dairy Farmers

    Family Bank Ink Fodder Financing Deal With Dairy Farmers

    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

  • Markets
    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    World Animal Protection calls for an End to wildlife trade

    World Animal Protection calls for an End to wildlife trade

    JKIA and Moi International Airport named the best in Africa

    JKIA and Moi International Airport named the best in Africa

  • Real Estate
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

    New Construction Technology to help NHC deliver affordable homes

    New Construction Technology to help NHC deliver affordable homes

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    New Ksh350Million Commercial centre to be constructed in Athi River

    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

    Kenya’s position as a Digital Media Hub gaining momentum

    Kenya’s position as a Digital Media Hub gaining momentum

  • Tech
    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    TikTok releases H2 2020 Global Transparency Report

    TikTok releases H2 2020 Global Transparency Report

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Mobile Phones contribute to the realisation of UN SDGs – 2020 GSMA report says

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

  • World Business
    1ST Commonwealth women’s Entrepreneurship Summit launched

    1ST Commonwealth women’s Entrepreneurship Summit launched

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    World Engineering Day to Be Celebrated in Kenya

    World Engineering Day to Be Celebrated in Kenya

    How NASA Technology Can Help Save The World’s Largest Shark

    How NASA Technology Can Help Save The World’s Largest Shark

    After fight with US Authorities Huawei CEO now want talks with Biden

    After fight with US Authorities Huawei CEO now want talks with Biden

    Ford Vehicles to be powered by Android and Google apps in new deal

    Ford Vehicles to be powered by Android and Google apps in new deal

    Columbia Africa banks on primary and preventive healthcare to grow market share

    Columbia Africa banks on primary and preventive healthcare to grow market share

    DHL Express Named Best Employer in The World

    DHL Express Named Best Employer in The World

    Meet the founder of Safari Doctors Umra Omar

    Meet the founder of Safari Doctors Umra Omar

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    High Court okays completion of Ksh.600m Infrastructure Projects

    High Court okays completion of Ksh.600m Infrastructure Projects

    Global Music Streaming Service Enters the Kenyan Market

    Global Music Streaming Service Enters the Kenyan Market

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Rubis continue phasing out KenolKobil, Gulf Energy petrol stations

    Struggling retailer Tuskys closes three more branches permanently

    Tuskys CEO Dan Githua resigned months ago

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    KNCCI, SDG Kenya Forum ink Deal to Empower Women

    1ST Commonwealth women’s Entrepreneurship Summit launched

    1ST Commonwealth women’s Entrepreneurship Summit launched

    Government to collect rent from commercial and residential houses

    Government to collect rent from commercial and residential houses

    ACCA calls for a more inclusive approach to economic recovery

    ACCA calls for a more inclusive approach to economic recovery

    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

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    • Banking
      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

      Citibank establishes programme to support women owned businesses

      Citibank establishes programme to support women owned businesses

      Equity land Ksh16.5 billion loan to support MSMEs

      Equity land Ksh16.5 billion loan to support MSMEs

      Safaricom PLC Announces A 14.4 Per Cent Increase In Half-year Net Profit

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      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

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      Secure your future by saving with Metropolitan National Sacco

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      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

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      IoT predictions for 2021: Smarter tech will make better business

      IoT predictions for 2021: Smarter tech will make better business

      KRA Goes After Rich Individuals, Firms Over Sh250 Billion

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      How Citizen TV Became The Most Watched in Kenya

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      OPINION: Conserve Nature Even as you Work to Achieve SDGs

      OPINION: Conserve Nature Even as you Work to Achieve SDGs

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Cash crunch hits release of cheap maize to millers

by Kenyan Business Feed
May 16, 2019
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Economy

Cash crunch hits release of cheap maize to millers

Thursday, May 16, 2019 21:50


By GERALD ANDAE

Andrew Tuimur.
Agriculture Chief Administrative Secretary Andrew Tuimur. FILE PHOTO | NMG 

The release of more than two million bags of cheap maize from the National Cereals and Produce Board (NCPB) to tame rising flour prices has been delayed due to a lack of cash for moving the grains from the silos.

Agriculture Chief Administrative Secretary Andrew Tuimur says the NCPB was ready to release the grain but inadequate funds that are required for offloading from stores and pay labourers who will be involved in the exercise had hampered the move.

The NCPB is meant to release more than two million bags of maize to millers in a bid to check the rising cost of flour that has so far hit Sh121 for a two-kilo packet from Sh90 in February.

“The NCPB is ready to release maize from the stores but the only challenge has been logistics, which we are currently addressing,” said Dr Tuimur, adding that the agency had requested for Sh50 million for the movement of the grain from the silos.

The government agreed with millers two weeks ago to release at least three million bags of maize from the Strategic Food Reserve at Sh2,300 a 90-kilogramme bag to curb the rising cost of flour.

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This is aimed at increasing the supply of grain in the market, which has been dwindling in the last couple of weeks forcing the price to rise from Sh2,300 in February to Sh3,400 for the 90-kg bag at the moment.

However, the prices have dropped with millers paying Sh3,000 a bag of maize down from Sh3,400 last month with the prices expected to drop further as farmers release the stocks that they had been hoarding following the announcement that the NCPB would be selling more than two million bags to processors.

The NCPB will also release 300,000 bags of maize to animal feeds manufacturers to contain high cost of the prices being witnessed currently.

Tanzania has announced that it has more than a million tonnes of maize surplus, which it will sell to the regional states, unlike previously when it imposed a ban on exports, coming as a boost to Kenya.

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