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Farmers replace property developers as biggest loan defaulters in Covid-19 era


Farmers replace property developers as biggest loan defaulters in Covid-19 era
Summary
About 23.67 percent of outstanding Sh109 billion loans advanced to the sector were not being serviced as of the end of March compared to 16.03 percent a year earlier, making it the sector with the highest non-performing loans (NPL) ratio.
Agriculture’s NPL ratio marginally zoomed past building and construction (23.52 percent) and trade (19.14 percent) sectors, latest Central Bank of Kenya industry statistics shows.
Analysts attribute the elevated defaults on loan repayments in agriculture to depressed demand from sectors such as hospitality, which was hardest hit by the restrictions and shutdowns imposed to stem the spread of the pandemic. ....

Rift Valley , Raphael Agung , Kariuki Ngari , Samuel Tiriongo , Standard Chartered Bank Kenya , Kenya National Bureau Of Statistics , Kenya Bankers Association , Central Bank , Kenya National Bureau , Williamson Tea , Kapchorua Tea , Limuru Tea , Chartered Bank Kenya , Raphael Agung , பிளவு பள்ளத்தாக்கு , தரநிலை பட்டய வங்கி கேந்ய , கேந்ய தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , கேந்ய வங்கியாளர்கள் சங்கம் , மைய வங்கி , கேந்ய தேசிய பணியகம் , வில்லியம்சன் தேநீர் , பட்டய வங்கி கேந்ய ,

Kenya Power headache as firms switch to solar


THE STANDARD
By
Macharia Kamau |
March 4th 2021 at 00:00:00 GMT +0300
The move is expected to help tea factories cut nearly 50 per cent of their power bills. [Courtesy]
Kenya Power is expected to feel the heat as more firms switch to solar to cut electricity bills. Barely do weeks lapse without a company applying for a licence to generate its power using solar.
The firms then sell the excess electricity to Kenya Power. The latest firm seeking to lower power bills is the Kenya Tea Development Agency (KTDA), which plans to install solar power generators in its 29 factories.
The move is expected to help tea factories cut nearly 50 per cent of their power bills. ....

United Kingdom , Nairobi Area , Garden City , City Of , Rebecca Miano , Africa Maltings , Kenya Tea Development Agency , Strathmore University , Kapa Oil , Kenya Ports Authority , Power Company , Independent Power Producers , Power Purchase Agreements , Kenya Power , Kenya Breweries , East Africa Maltings , East African Breweries , Nile Rolling Mills , Williamson Tea , Krystalline Salt , Two Rivers Mall , London Distillers , Tana Power Station , Solar Power , ஒன்றுபட்டது கிஂக்டம் , நைரோபி பரப்பளவு ,

Kenya Power headache as firms switch to solar

Kenya Power headache as firms switch to solar
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

United Kingdom , Nairobi Area , Garden City , City Of , Rebecca Miano , Africa Maltings , Kenya Tea Development Agency , Strathmore University , Kapa Oil , Kenya Ports Authority , Power Company , Independent Power Producers , Power Purchase Agreements , Kenya Power , Kenya Breweries , East Africa Maltings , East African Breweries , Nile Rolling Mills , Williamson Tea , Krystalline Salt , Two Rivers Mall , London Distillers , Tana Power Station , ஒன்றுபட்டது கிஂக்டம் , நைரோபி பரப்பளவு , தோட்டம் நகரம் ,

In Kenya women bear the brunt as mechanisation wipes out tea sector jobs


In Kenya, women bear the brunt as mechanisation wipes out tea sector jobs
Workers pick tea leaves on a Unilever tea plantation in Kericho, Kenya.
(Alamy/Jake Lyell
)
(Alamy/Jake Lyell
)
On a cool Tuesday evening in Kapkugerwet village in Kenya’s Kericho County, Lucy Cheres puts a tea basket on her hunched back and heads out to the small tea farm in front of her house. There, she starts plucking tea leaves for the next day’s sale. It is an art she has perfected after 15 years of working as a casual labourer at a nearby tea plantation owned by the British-Dutch consumer goods conglomerate Unilever. But in 2015, Cheres was among the thousands of workers who lost their jobs after the company introduced tea picking machines. ....

Rift Valley , United Kingdom , James Finlays , Gladys Chepkemoi , Meshack Khisa , Lucy Cheres , Sammy Kirui , Labour Relations Court , Kenya Tea Development Agency , Agricultural Workers Union , Federation Of Women Lawyers , United Nations , Kericho County , United Kingdom Headquartered , Williamson Tea , Kenya Plantations , Unilever Kenya , Unilever Tea Kenya , Women Lawyers , Equal Times , African Charter , People Rights , Maputo Protocol , பிளவு பள்ளத்தாக்கு , ஒன்றுபட்டது கிஂக்டம் , தொழிலாளர் உறவுகள் நீதிமன்றம் ,