Kenyan tea gets major boost in EU market
Kenyan tea is set for a major boost in the European market if an initiative by a Dutch imports agency is implemented. This follows efforts by the Centre for Promotion of Imports (CBI) from developing countries, an arm of the Ministry of Foreign Affairs of The Netherlands, to improve skills of Kenyan agricultural agencies and stakeholders in the tea sector. The CBI event has for the first time brought together Kenyan tea growers and exporters for a three-day training workshop in The Hague, aimed at marketing branded Kenyan tea in the European Union.
Nigeria has best food variety in Africa —Kanayo
Ace Nollywood star and chairman, board of directors of the National Institute for Hospitality & Tourism (NIHOTOUR), Mr Kanayo O. Kanayo, has described Nigeria as having the best variety of food on the African continent.
He said: “Africa is blessed but Nigeria is more blessed in the area of variety of food.”
Kanayo spoke on Tuesday on the occasion of the pre-event press conference held by NIHOTOUR for the institute’s planned national food and cultural fair, billed to hold from June 24 to 26, 2014 at the International Conference Centre, Abuja.
Read more: Nigeria has best food variety in Africa —Kanayo
Chinese Cuisine Delights Taste Buds of Kenyans
The way to a Kenyan's heart is through his stomach. Chinese restaurants are offering Kenyans diverse cuisine to their taste buds.
Eliud Ekiring is a chef who has worked at Fang Fang, a Chinese restaurant in Nairobi, for seven years. He learned the Chinese cuisine as a quite exotic skill, just because he loves it.
As most of his local colleagues did, he has learned the art through experience while serving in the kitchen under the tutelage of the Chinese restaurant owners. It took him about six months to be fully compliant in the skill.
"Although I cannot say that I can cook all types of Chinese foods, I am very conversant with those that are served in the eating place. However, given a recipe, it wouldn't take me long to come up with a tasty meal," Ekiring said.
More and more Chinese restaurants pop up in Kenya, especially in Nairobi, an indication that the Chinese presence in Kenya is not only technological, but also gastronomical.
Kenya could quadruple central bank capital
The Central Bank of Kenya could receive an injection of $170 million from the government if a new bill designed to hand the central bank greater independence is adopted by the national assembly.
The central bank has, at present, five billion shillings ($57 million) in authorised capital. Under the proposed Central Bank of Kenya Act 2014, this would quadruple to 20 billion shillings.
Recapitalisation can be a sensitive issue. Both the Bank of Uganda and the Bank of Mauritius were made to wait for capital injections they were entitled to receive from their respective governments.
Should the Central Bank of Kenya's capital levels fall below the 20 billion shillings, the government would be obliged to transfer the necessary "currency or negotiable debt instruments" within a period of "no more than 30 calendar days".
