Author: Njenga Hakeenah

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East African Breweries Limited (EABL) has announced the commercialization of the Aliciana Barley Variety a year after it was launched.

The announcement was made during the Annual Field Day in Mau Narok following successful trials with farmers who have reported higher yields and greater resistance to waterlogging.

Raw material for KBL’s beers

The Field Day, an annual event that brings together stakeholders within the barley value chain, is a key event as stakeholders converge to learn, share experiences and showcase their products and innovations.

Barley is the main raw material for KBL’s beers.

Speaking during the event, David Kilesi, Chairman of the Barley Growers Association of Kenya, praised the variety.

“We have seen higher yields this season with the Aliciana variety compared to the previous varieties we had been planting. We would like to thank EABL for introducing this variety.”

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Just days after Kenya repealed a rate cap which portends the return of expensive loans for borrowers, the International Monetary Fund (IMF) visited the country to “discuss economic development”.

The IMF has held that the country’s real GDP growth averaged 5.6 per cent in the first half of 2019 and is expected to accelerate in the second half of 2019 and 2020.

It adds, “Inflation has remained within the target band and stood at 5.0 per cent in October (year-on-year).”

The IMF visit to Kenya

A staff team from the IMF led by Benedict Clements, visited Kenya from November 18-22, 2019, to among other things discuss “recent economic developments and the government’s reform plans”.

Another mission is planned in early 2020 to hold discussions on a new precautionary stand-by arrangement and undertake the Article IV consultation discussions.

According to the team, Kenya’s economy has continued to perform well.

At the …

Diamond Trust Bank and Simba Corporation have signed a partnership to enable Small and Medium Enterprises category acquire new Fuso trucks.

The vehicles will be made available with 100 per cent financing under the bank’s motor vehicle financing scheme dubbed ‘Beba Leo’.

The SMEs will be financed to acquire FUSO trucks with a flexible repayment period that enables customers to gradually pay for them without disrupting their cash flow or working capital.

Approval from DTB

Simba Corporation is the largest and sole representative for the distribution and service for a range Fuso trucks including the new FUSO FI and the popular Fuso Canter.

Kennedy Nyakomitta, General Manager in charge of Asset Finance at DTB, said the scheme was developed in a way that would allow the customer to cater to their most pressing needs without any capital outlay.

“This partnership cements our commitment to grow the SME sector.  Our decision …