Kenya, Uganda top in hospitality industry targets
Kenya and Uganda are among the top 10 preferred African countries for hotel developments, with hotels planning to add new rooms this year.
The two countries have been ranked seventh and 10th respectively in a recent survey by W Hospitality, a global company providing advisory services for the hotel, tourism and leisure industries.
Eight global hotel chains, among them Radisson, Hilton, Sheraton, Marriott and Kempinski, plan to add 1,510 rooms in Kenya while in Uganda nine international hotels, among them Hilton and Sheraton, plan to build 1,397 rooms.
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Brookside Dairy enters powdered milk market
Brookside Dairy has begun selling powdered milk, a year after commissioning a Sh3.5 billion dry milk plant to facilitate production.
The move into the powdered milk market has seen the processor’s daily intake of raw milk rise to nearly two million litres.
Brookside’s Director of Milk Procurement, John Gethi, said the Ruiru-based firm is servicing several bulk orders for powder each day, mainly from confectionery industry players.
Kenya outlines measures to lift fisheries sector
The Ministry of Agriculture has developed a raft of policy, regulatory and financing incentives to accelerate transformation of the fisheries sector that contributes 0.6 per cent to the country’s Gross Domestic Product (GDP).
Speaking at an occasion to mark World Fisheries Day, Acting Cabinet Secretary for Agriculture, Adan Mohammed, said efforts to transform this sub-sector have gained steam to boost food security, exports and rural livelihoods.
“The Government is committed to development of a robust fisheries sub-sector as a means to boost export earnings, achieve food and nutrition security and create employment,” Mohamed said.
Kenya gets Sh3.8 bn boost from IFAD
The International Fund for Agricultural Development (IFAD) has agreed to provide a $37.7 million (Sh3.8 billion) loan to fund key agricultural programs in the country.
The funds will be used to boost the ongoing smallholder dairy commercial program which will receive $17 million (Sh1.7 billion) while $20.66 million (Sh2.1 billion) will support the fisheries sub-sector through acquaculture development.
IFAD President Kanayo Nwanze said funding for the two programs will be approved by his organization’s next board meeting in December.
