Browsing: Kakuzi (Plc)

NMG Profit Dips By 13.1pc Amid Global Rise In Printing Costs

The cost of sales reached 683.2 million Kenyan Shillings, which is an increase from 520.5 million Kenyan Shillings during the same period in the previous fiscal year.

Because of an increase in the cost of sales caused by a global rise in newsprint prices and a depreciation of the Shilling in comparison to the dollar, the gross profit margin decreased by 4.5 percentage points, falling from 86.0 per cent in the previous year to 81.5 per cent in the current year.

In spite of the difficulties encountered, the group maintained their confidence that they would make progress in the second half of the year.…

To maintain compliance with the standards for the China market, KEPHIS is still conducting audits of farms, packhouses, and fumigation facilities interested in exporting fresh avocado to China. Farms and facilities that comply should also be submitted to GACC for approval.

Following the early January 2022 signing of two treaties to promote bilateral commerce, specifically the sale of avocados and aquatic products from Kenya to China by Agriculture Cabinet Secretary Peter Munya and Chinese Ambassador Zhou Pingjian, the export of fresh avocados to China has begun.

Kenya is also preparing to sell black tea to the enormous Chinese market in response to the growing demand generated by the leaf.

According to Kenya’s ambassador-designate to Beijing, Muthoni Gichohi, Kenyan tea is one of the most popular in the East Asian nation, with black tea markets rising due to increased consumption. Some of Kenya’s tea manufacturers have begun collaborating with Chinese marketers …