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HomeDaily NewsSaturday, May 2, 2026Cargo Vessel Carrying 4,500 Tonnes Fertiliser Hijacked Off Somalia - May 2026
Business & Economy3 stories from 2 sources

Cargo Vessel Carrying 4,500 Tonnes Fertiliser Hijacked Off Somalia - May 2026

A cargo vessel carrying approximately 4,500 tonnes of subsidised fertiliser destined for Mombasa was hijacked by suspected pirates off the coast of Somalia, causing further delays for Kenyan farmers awaiting crucial agricultural inputs. This incident occurs as Kenya implements a new zero-tariff trade agreement with China that took effect on May 2, potentially boosting the country's export capacity. Meanwhile, conflicting accounts have emerged regarding Purity Ngirici's departure from the Kenya Seed Company board, with a letter from National Treasury Cabinet Secretary John Mbadi allegedly instructing her removal as director and chairperson, while Ngirici maintains her resignation was voluntary. The three stories highlight interconnected challenges in Kenya's agricultural sector involving maritime security, trade policy, and corporate governance.

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Friday 10:19 PMNation Business

Farmers hit as pirates hijack ship carrying fertiliser to Mombasa

Farmers hit as pirates hijack ship carrying fertiliser to Mombasa

Farmers in Kenya face further delays in receiving crucial subsidised fertiliser after a cargo vessel carrying approximately 4,500 tonnes destined for Mombasa was hijacked by suspected pirates off the coast of Somalia.

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Key Highlights

Farmers in Kenya face further delays in receiving crucial subsidised fertiliser after a cargo vessel carrying approximately 4,500 tonnes destined for Mombasa was hijacked by suspected pirates off the coast of Somalia.

  • The hijacked vessel, MV Sward, was expected at the Mombasa port on April 25, 2026.
  • Key entities involved include the Kenya Ports Authority (KPA), Kenya Coast Guard Service (KCGS), and the Kenya Ships Agents Association (KSAA).
  • This incident exacerbates existing shipping disruptions, potentially leading to increased freight costs due to rerouting and the need for piracy insurance.
Saturday 11:01 AMCapital Business

Kenya to see export surge under China’s zero-tariff trade deal

Kenya to see export surge under China’s zero-tariff trade deal

Kenya is set to experience a significant boost in exports following a new zero-tariff trade agreement with China, which took effect on Friday, May 2.

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Key Highlights

Kenya is set to experience a significant boost in exports following a new zero-tariff trade agreement with China, which took effect on Friday, May 2.

  • The agreement grants African nations with diplomatic ties duty-free access to the Chinese market for a wide range of goods.
  • Lee Kinyanjui, cabinet secretary in the Ministry of Investments, Trade and Industry, highlighted the deal's potential to increase earnings and create jobs for Kenyan businesses.
  • Primary beneficiaries include agricultural and horticultural products such as tea, coffee, avocados, and macadamia nuts, as well as value-added items like leather and processed foods.
Friday 7:10 PMNation BusinessFirst

Purity Ngirici insists she quit Kenya Seed board

Purity Ngirici insists she quit Kenya Seed board

Conflicting accounts surround the departure of Purity Ngirici from the Kenya Seed Company. While a letter allegedly from National Treasury Cabinet Secretary John Mbadi instructs her removal as director and chairperson, Ngirici insists her resignation was voluntary.

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Key Highlights

Conflicting accounts surround the departure of Purity Ngirici from the Kenya Seed Company. While a letter allegedly from National Treasury Cabinet Secretary John Mbadi instructs her removal as director and chairperson, Ngirici insists her resignation was voluntary.

  • A letter reportedly signed by CS John Mbadi on April 30 advised the processing of Ms. Ngirici's removal.
  • The key individuals involved are Purity Ngirici, former chairperson, and CS John Mbadi.
  • Ms. Ngirici claims she submitted her resignation on April 27, stating her focus is now on her gubernatorial ambitions for the Kirinyaga seat.
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