N
Originally published by Nation Business
đź“° Read Full Article
business
October 20, 2024
11mo ago

MPs strike deal on contested sugar reforms

MPs strike deal on contested sugar reforms

The sugar sub-sector is vital to Kenya’s economy with over 400,000 small scale farmers as its backbone...

✨ Key Highlights

Members of Parliament in Kenya have reached an agreement to advance a long-awaited law aimed at reforming the ailing sugar industry, benefiting over 400,000 small-scale farmers.

  • Kenya Sugar Board will be established to regulate the industry and ensure fair pricing for farmers.
  • Key figure: James Murango, Senate Agriculture committee chairperson, stated, “We have reached an agreement and we have the final draft.”
  • The Bill proposes a 4% Sugar Development Levy on both domestic and imported sugar to support local agro-industries.

Continue Reading

Read the complete article from Nation Business

đź“° Read Full Article