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    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

    L-R: Joseph Anampiu, Commercial Leader ESCA Region, Agriculture PS Prof Hamadi, US Ambassador to Kenya Kyle McCarter and Victoria McCarter during the Corteva launch. The company is positioning itself to provide seed, crop protection and digital solutions to address the recurring food insecurity problem. www.theexchange.africa

    American agribusiness conglomerate makes Nairobi its East African hub

    BAT's Edgar Okioga and KAM CEO Phyillis Wakiaga during the SEACOM Chat. They said that ICT is key to helping Kenya achieve its 2022 GDP growth ambition. www.exchange.co.tz

    America’s Dow celebrates circular economy achievements in Nairobi

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    EU and UNCTAD seeks more coffee aroma from Angola

    EU and UNCTAD seek more coffee aroma from Angola

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    Finland increases its support to African Development Fund

    Finland increases its support to African Development Fund

    Qatar Airways- The exchange

    Qatar Airways grabs a handsome stake in Rwanda International Airport

    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

    Committee to promote trade between Ghana, Japan initiated

    Committee to promote trade between Ghana, Japan started

    The eWTP hub, the second in Africa after Rwanda, will serve as a gateway for Ethiopian products to China and new markets

    Ethiopia and Alibaba Group sign agreements to establish eWTP Ethiopia hub

    African Development Fund

    African Development Fund gets a shot in the arm from donors

    Aga Khan sends his vision for Africa at Kusi Ideas Festival, Rwanda

    Aga Khan sends his vision for Africa at Kusi Ideas Festival, Rwanda

    Solar energy Plant

    Burkina Faso benefits from $53 million AfDB funding for solar energy

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

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    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    All eyes on NSE as futures trading kicks off

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE trade more than doubles as market breaks

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    NSE gets green light for Derivatives Market

    CMA is set to recover Ksh208 million from illegal trading in fixed income securities

    Kenya’s security market regulator moves to tame fraud

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE opens week with low share volumes

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    UK firm kicked out of Nairobi Securities Exchange

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Low volumes mark opening of Nairobi Securities trading

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    Power in South Africa- EarthJustice

    South Africa to brace for more power cuts

    Qatar Airways- The exchange

    Qatar Airways grabs a handsome stake in Rwanda International Airport

    Rwanda embraces cloud based OTT messaging apps

    Rwanda embraces cloud based OTT messaging apps

    IATA projects that Kenyan market could more than double in size in 20 years

    IATA projects that Kenyan market could more than double in size in 20 years

    Uganda Development Bank unveils $500 plan for lending

    Uganda Development Bank unveils $500 million plan for lending

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    Compfix Data rebrands to Evail, eyes cyber security turf

    The eWTP hub, the second in Africa after Rwanda, will serve as a gateway for Ethiopian products to China and new markets

    Ethiopia and Alibaba Group sign agreements to establish eWTP Ethiopia hub

    Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

    Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

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    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

    An exhibitor (L) explains a point to (2nd Left- Right) KAM Chair Sachen Gudka, Environment CAS Mohamed Elmi, NEMA Ag. DG Mamo b Mamo, and KAM Vice Chair Mucai Kunyiha

    Kenyan Manufacturers launch a plan to manage plastic waste

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

    EAC looks to review its textile strategy

    EAC looks to review its textile strategy

    Rwanda and Uganda lead East Africa in switch to electric cars

    Rwanda and Uganda lead East Africa in switch to electric cars

    L-R: Joseph Anampiu, Commercial Leader ESCA Region, Agriculture PS Prof Hamadi, US Ambassador to Kenya Kyle McCarter and Victoria McCarter during the Corteva launch. The company is positioning itself to provide seed, crop protection and digital solutions to address the recurring food insecurity problem. www.theexchange.africa

    American agribusiness conglomerate makes Nairobi its East African hub

    BAT's Edgar Okioga and KAM CEO Phyillis Wakiaga during the SEACOM Chat. They said that ICT is key to helping Kenya achieve its 2022 GDP growth ambition. www.exchange.co.tz

    America’s Dow celebrates circular economy achievements in Nairobi

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    Egypt Signs several multimillion-dollar energy deals at Investment Forum

    EU and UNCTAD seeks more coffee aroma from Angola

    EU and UNCTAD seek more coffee aroma from Angola

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    Finland increases its support to African Development Fund

    Finland increases its support to African Development Fund

    Qatar Airways- The exchange

    Qatar Airways grabs a handsome stake in Rwanda International Airport

    Ghana hosts key African Continental Free Trade Area meetings

    Ghana hosts key African Continental Free Trade Area meetings

    Committee to promote trade between Ghana, Japan initiated

    Committee to promote trade between Ghana, Japan started

    The eWTP hub, the second in Africa after Rwanda, will serve as a gateway for Ethiopian products to China and new markets

    Ethiopia and Alibaba Group sign agreements to establish eWTP Ethiopia hub

    African Development Fund

    African Development Fund gets a shot in the arm from donors

    Aga Khan sends his vision for Africa at Kusi Ideas Festival, Rwanda

    Aga Khan sends his vision for Africa at Kusi Ideas Festival, Rwanda

    Solar energy Plant

    Burkina Faso benefits from $53 million AfDB funding for solar energy

    venture africa-AfDB

    African youth to benefit from Microsoft and AfDB coding platform

  • Stock Markets
    • All
    • DSE
    • NSE
    • RSE
    • USE
    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    Why NSE profits have dropped 82%

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Bear run continues at NSE with drop in key index

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    All eyes on NSE as futures trading kicks off

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE trade more than doubles as market breaks

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    NSE gets green light for Derivatives Market

    CMA is set to recover Ksh208 million from illegal trading in fixed income securities

    Kenya’s security market regulator moves to tame fraud

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    NSE opens week with low share volumes

    The Nairobi Securities Exchange(NSE) has recorded an 82 per sent drop in half year profit to June 30, the self listed firm has reported. The group's profit during the period Ksh24 million as compared to Ksh134 million recorded over the same period in 2018. Global economic growth remained subdued in the first half of 2019 on account of strained US-China trade relations coupled with prolonged Brexit uncertainty, that significantly impacted on investor sentiments, slowing down investment.

    UK firm kicked out of Nairobi Securities Exchange

    Nairobi Security Exchange’s top share index-NSE 20 shed some 43.09 points or 1.67 per cent to stand at 2543.59 on Friday, even as volumes rose from the previous trading. The index that tracks blue chip companies at the bourse has been on a downward streak in recent weeks, affecting other indices. NSE market turnover for Friday however stood at Ksh332 million (US$3.2 million) from the previous session’s Ksh179 million (US$1.7 million) as the number of shares traded rose to 12.5 million against 9.9 million posted the previous day. Safaricom was the week’s biggest mover.

    Low volumes mark opening of Nairobi Securities trading

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    Rwanda embraces cloud based OTT messaging apps

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    IATA projects that Kenyan market could more than double in size in 20 years

    Uganda Development Bank unveils $500 plan for lending

    Uganda Development Bank unveils $500 million plan for lending

    General Security (how to geek)

    Compfix Data rebrands to Evail, eyes cyber security turf

    The eWTP hub, the second in Africa after Rwanda, will serve as a gateway for Ethiopian products to China and new markets

    Ethiopia and Alibaba Group sign agreements to establish eWTP Ethiopia hub

    Kenyans loved watching Kipchoge's INEOS 1:59 challenge but also loved Tanzanian music

    Kenyans loved watching Kipchoge’s INEOS 1:59 challenge but also loved Tanzanian music

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

    Facebook “The Video Journalism Fellowship” in Kenya to kickoff in 2020

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Kenya’s food system is at risk, says Greenpeace

Responding to this news, Greenpeace Africa’s Food for Life Campaigner Claire Nasike has said that it is such a shame that the Kenya Seed Company trusted with producing top quality seeds stocked infected maize seeds.

Kawira Mutisya by Kawira Mutisya
September 10, 2019
in Agribusiness, East Africa, Kenya
0
Maize prices decline in the region

maize

A report by the Auditor General has revealed that the Kenya Seed Company stocked different varieties of maize infected with the Maize Lethal Necrosis Disease amounting to losses of about 218 Million shillings.

According to a report by a local daily,the report by Auditor-General showed that Kenya Seed Company (KSC) made provision of Sh250,177,000 for obsolete stocks in the statement of profit and loss and other comprehensive income.

“Examination of records made available for audit revealed that varieties of raw maize worth Sh217,848,520 was infected with MLND and slow germination as reported by the Kenya Plant Health Inspectorate Service (Kephis),” the report dated June 17, 2019 was quoted by the local news outlet.

Responding to this news, Greenpeace Africa’s Food for Life Campaigner Claire Nasike has said that it is such a shame that the Kenya Seed Company trusted with producing top quality seeds stocked infected maize seeds.

“This action by a state corporation, that is primarily responsible for supporting the country to achieve food security, reveals that the country’s food system is at risk,” Ms Nasike said.
Maize Lethal Necrosis Disease (MLND), is a viral infection that gives rise to secondary fungal infections in the ears or grains, leading to the loss of yields. Maize is an important component of Kenyans’ diets. Losing maize to the virus leaves many Kenyans vulnerable to hunger.

“The action by the Kenya Seed Company directly undermines President Kenyatta’s recent remarks at the Mombasa agricultural show that the national government has allocated 48.5 billion Kenya shillings to enhance agricultural production through irrigation to ensure that no Kenyan suffers from lack of food”, Claire Nasike added.

According to Food and Agriculture Organisation, (FAO)The Maize Lethal Necrosis Disease (MLND) is a result of a combination of two viruses, the Maize Chlorotic Mottle Virus (MCMoV) and any of the cereal viruses in the Potyviridae group, like the Sugarcane Mosaic Virus (SCMV), Wheat Streak Mosaic Virus (WSMV) or Maize Dwarf Mosaic Virus (MDMV). The double infection of the two viruses gives rise to what is known as MLND, also referred to as Corn Lethal Necrosis (CLN).

MLND is mainly spread by a vector, transmitting the disease from plant to plant and field to field. The most common vectors are maize thrips, rootworms and leaf beetles. Hot spots appear to be places where maize is being grown continuously.

Is it harmful to humans and animals?

MLND gives rise to secondary fungal infections in the ears or grains. It is therefore not allowed for humans or animals to eat these once infected. The plants should be removed immediately from the fields and infected ears and grains should be burnt. The leaves can still be fed to livestock. In Africa, the disease was first reported in Kenya,(South Rift Valley – Bomet and Naivasha districts) in September 2011 although its extent at that point suggested that the disease has been present for some time. According to the Kenyan Ministry of Agriculture, two percent of the maize harvest was affected in 2012. MLND has also spread rapidly into Tanzania, Uganda and South Sudan in the meantime (see map).

FAO MLND spread in Kenya, Uganda Tanzania

Also Read: Farming amended under low-priced fertilizer in Tanzania

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