Savannah Honey eyes Sh70bn global bee venom market
The firm said the global venom extracts market, valued at $438 million in 2026, is projected to grow to $726 million by 2036, presenting a significant export opportunity for local beekeepers. Kenya breaking news | Kenya news today |..
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Savannah Honey has launched what it calls Africa’s first structured bee venom marketplace in Kenya, aiming to tap into the lucrative $438 million (Sh70.08 billion) global venom extracts market. This move positions Kenya to become a key player in supplying high-value bee venom for pharmaceutical and cosmetic industries worldwide.
- The global venom extracts market is projected to grow to $726 million (Sh116.16 billion) by 2036.
- Chief Executive Paul Kyalo Mutua announced the platform will formalize standards and aggregate supply for international buyers.
- Savannah Honey buys one kilogramme of bee venom at Sh4 million and seeks to contract farmers to manage 10,000 hives in the next six months to meet an existing export order.
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Kenyan Financial Institutions and Businesses Announce New Initiatives and Results - February 2026
The Kenya National Police DT SACCO reported significant financial growth in 2025, with total assets reaching Sh66.6 billion and distributing Sh4.1 billion to its members. In business developments, Savannah Honey has launched what it calls Africa’s first structured bee venom marketplace in Kenya. This initiative aims to tap into the lucrative $438 million (Sh70.08 billion) global venom extracts market, positioning Kenya as a key supplier for pharmaceutical and cosmetic industries. Separately, the Kenya Development Corporation (KDC) launched a Sh70 million wholesale financing facility. This facility is designed to support livestock value chains and boost credit access for MSMEs in West Pokot and Turkana counties.
