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.