FC Barcelona and EBC Financial Group to Establish Official Foreign Exchange Partnership for the Next 3.5 Years

Originating from London, EBC Financial Group aims to build leadership in finance through becoming the Club’s official foreign exchange partner across Asia, Central and South America, the Middle East, Africa, and Oceania.

EBC Financial Group: Proud Official Partner of FC Barcelona
EBC Financial Group - Proud Official Partner of FC Barcelona
EBC Financial Group officially partners with FC Barcelona for a 3.5-year foreign exchange alliance.

BARCELONA, April 11, 2024 (GLOBE NEWSWIRE) — FC Barcelona and EBC Financial Group (EBC) are pleased to announce their partnership in the foreign exchange sector across multiple regions for 3.5 years, commencing today. This partnership designates EBC as FC Barcelona’s official Partner in Foreign Exchange, with coverage extending to regions including APAC, LATAM, the Middle East, and Africa.

This partnership marks a significant milestone for EBC, aligning the brand with the respected legacy and global reach of FC Barcelona. Under this exclusive agreement, EBC is granted the unique privilege to engage in specialized business activities within the foreign exchange domain. The partnership encompasses a range of services, including foreign exchange transactions, trading, brokering (including CFDs), and advisory services.

Through this alliance, EBC is set to innovate and inspire, drawing on the club’s rich cultural heritage and passionate fanbase to cultivate meaningful engagement and establish a lasting presence in key regions with a brand-new audience, fostering connections with a vibrant, global community that transcend traditional market boundaries. It is also an unparalleled opportunity to bring FC Barcelona closer to its partners, supporters, and Culers in these regions, alongside its global expansion strategy to grow and continue to lead the industry via exploring the right partners in different sectors.

EBC Financial Group, founded in the esteemed financial centre of London, is a comprehensive financial services group renowned for its expertise in online trading, asset management and investment consultation. With offices strategically located in prominent financial centres, such as London, Hong Kong, Tokyo, Sydney, the Cayman Islands, Singapore, Bangkok, Limassol, and more, EBC caters to a diverse clientele of retail, professional and institutional investors worldwide. Known for its institutional-grade trading environment, the group provides tailor-made financial brokerage, trading services, and an extensive array of investment solutions.

A signing event to commemorate this significant milestone between the Club and EBC will be held at the revamped Spotify Camp Nou at a later date.

Strategic Alliance Sealed: EBC Financial Group Joins Forces with FC Barcelona

EBC Financial Group and FC Barcelona, alongside President Joan Laporta, celebrate the union of finance and football with a ceremonial jersey exchange.

EBC Financial Group and FC Barcelona, alongside President Joan Laporta, celebrate the union of finance and football with a ceremonial jersey exchange.

Statement by Samuel Hertz, APAC Director of Operations at EBC Financial Group and David Barrett, CEO of EBC Financial Group (UK) Ltd:

“Even though EBC is only four years old, we’ve only grown because we demand the best from ourselves and the industry. We’ve delved deep into FC Barcelona’s storied history, learning from their culture of mentorship where the experienced guide the new, and the new inspire the younger, creating a continuum of growth and excellence. This isn’t just a partnership; it’s a shared journey towards greatness, embodying a culture where success is not just about winning but about fostering values, nurturing talent, and contributing positively to society. We’re inspired by Barca’s way of doing things, their culture where veterans nurture newcomers, passing on wisdom and passion. Our choice of FC Barcelona as a partner is deliberate and profound; it’s about learning from the best and embedding their ethos of teamwork, respect, and ambition into our DNA,” stated Samuel Hertz, APAC Director of Operations at EBC Financial Group.

David Barrett, CEO of EBC Financial Group (UK) Limited, the UK subsidiary of EBC Financial Group added, “Being able to forge a partnership with such a strong and respected brand as FC Barcelona underlines the groups ambition to always push ourselves to the highest levels of achievement as possible. EBC Financial Group has firms regulated in the UK by the FCA, Australia by ASIC and the Caymans by CIMA – all highly respected global centres in financial markets – this partnership with FC Barcelona underlines our efforts to align and partner with the best in all aspects.”

Statement by Juli Guiu, Marketing Area Vice President at FC Barcelona:

“This partnership coincides with FC Barcelona’s global expansion plan in recent years, I’m sure that this will help the Club open up a wealth of opportunities in the financial sector through these 3.5 years of partnership with the well-renowned EBC Financial Group. With the untapped potentials we see in the Asia Pacific region, as well as the growing economies in South & Central America, Mexico, Africa, and Middle East, we’re excited to build more connections with brands, partners, supporters, and Culers in these regions.”

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. With offices strategically located in prominent financial centres, such as London, Sydney, Hong Kong, Tokyo, Singapore, the Cayman Islands, Bangkok, Limassol, and more, EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the highest levels of ethical standards and international regulation. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Australia) Pty Ltd is regulated by Australia’s Securities and Investments Commission (ASIC), and EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

https://www.ebc.com/

About FC Barcelona
FC Barcelona was founded in 1899 and is currently owned by its more than 144,000 members. It is considered the finest multi-sports club in the world and has 125 years of history. Although rooted in its city and its country, Catalonia, its outlook is global. It has official offices in cities in three different continents: Barcelona, Hong Kong, and New York.

Barça seeks to change the world through sporting excellence. This also includes the world of knowledge and innovation through the Barça Innovation Hub (BIHUB). The club is also recognised for its commitment to social causes, which it channels through the FC Barcelona Foundation, and for its work to educate children in the positive values of sport. Barça’s growth in recent years has led it to have more than 486 million followers on social networks.

www.fcbarcelona.com

Media Contact:
Douglas Chew
douglas.chew@ebc.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/4b03d2a3-2caa-4e2a-a1cd-aa739ccaf676

https://www.globenewswire.com/NewsRoom/AttachmentNg/b5d1d1b6-ad04-4056-901b-fe69df1eae6b

GlobeNewswire Distribution ID 9088105

FC Barcelona and EBC Financial Group to Establish Official Foreign Exchange Partnership for the Next 3.5 Years

Originating from London, EBC Financial Group aims to build leadership in finance through becoming the Club’s official foreign exchange partner across Asia, Central and South America, the Middle East, Africa, and Oceania.

EBC Financial Group: Proud Official Partner of FC Barcelona
EBC Financial Group - Proud Official Partner of FC Barcelona
EBC Financial Group officially partners with FC Barcelona for a 3.5-year foreign exchange alliance.

BARCELONA, April 11, 2024 (GLOBE NEWSWIRE) — FC Barcelona and EBC Financial Group (EBC) are pleased to announce their partnership in the foreign exchange sector across multiple regions for 3.5 years, commencing today. This partnership designates EBC as FC Barcelona’s official Partner in Foreign Exchange, with coverage extending to regions including APAC, LATAM, the Middle East, and Africa.

This partnership marks a significant milestone for EBC, aligning the brand with the respected legacy and global reach of FC Barcelona. Under this exclusive agreement, EBC is granted the unique privilege to engage in specialized business activities within the foreign exchange domain. The partnership encompasses a range of services, including foreign exchange transactions, trading, brokering (including CFDs), and advisory services.

Through this alliance, EBC is set to innovate and inspire, drawing on the club’s rich cultural heritage and passionate fanbase to cultivate meaningful engagement and establish a lasting presence in key regions with a brand-new audience, fostering connections with a vibrant, global community that transcend traditional market boundaries. It is also an unparalleled opportunity to bring FC Barcelona closer to its partners, supporters, and Culers in these regions, alongside its global expansion strategy to grow and continue to lead the industry via exploring the right partners in different sectors.

EBC Financial Group, founded in the esteemed financial centre of London, is a comprehensive financial services group renowned for its expertise in online trading, asset management and investment consultation. With offices strategically located in prominent financial centres, such as London, Hong Kong, Tokyo, Sydney, the Cayman Islands, Singapore, Bangkok, Limassol, and more, EBC caters to a diverse clientele of retail, professional and institutional investors worldwide. Known for its institutional-grade trading environment, the group provides tailor-made financial brokerage, trading services, and an extensive array of investment solutions.

A signing event to commemorate this significant milestone between the Club and EBC will be held at the revamped Spotify Camp Nou at a later date.

Strategic Alliance Sealed: EBC Financial Group Joins Forces with FC Barcelona

EBC Financial Group and FC Barcelona, alongside President Joan Laporta, celebrate the union of finance and football with a ceremonial jersey exchange.

EBC Financial Group and FC Barcelona, alongside President Joan Laporta, celebrate the union of finance and football with a ceremonial jersey exchange.

Statement by Samuel Hertz, APAC Director of Operations at EBC Financial Group and David Barrett, CEO of EBC Financial Group (UK) Ltd:

“Even though EBC is only four years old, we’ve only grown because we demand the best from ourselves and the industry. We’ve delved deep into FC Barcelona’s storied history, learning from their culture of mentorship where the experienced guide the new, and the new inspire the younger, creating a continuum of growth and excellence. This isn’t just a partnership; it’s a shared journey towards greatness, embodying a culture where success is not just about winning but about fostering values, nurturing talent, and contributing positively to society. We’re inspired by Barca’s way of doing things, their culture where veterans nurture newcomers, passing on wisdom and passion. Our choice of FC Barcelona as a partner is deliberate and profound; it’s about learning from the best and embedding their ethos of teamwork, respect, and ambition into our DNA,” stated Samuel Hertz, APAC Director of Operations at EBC Financial Group.

David Barrett, CEO of EBC Financial Group (UK) Limited, the UK subsidiary of EBC Financial Group added, “Being able to forge a partnership with such a strong and respected brand as FC Barcelona underlines the groups ambition to always push ourselves to the highest levels of achievement as possible. EBC Financial Group has firms regulated in the UK by the FCA, Australia by ASIC and the Caymans by CIMA – all highly respected global centres in financial markets – this partnership with FC Barcelona underlines our efforts to align and partner with the best in all aspects.”

Statement by Juli Guiu, Marketing Area Vice President at FC Barcelona:

“This partnership coincides with FC Barcelona’s global expansion plan in recent years, I’m sure that this will help the Club open up a wealth of opportunities in the financial sector through these 3.5 years of partnership with the well-renowned EBC Financial Group. With the untapped potentials we see in the Asia Pacific region, as well as the growing economies in South & Central America, Mexico, Africa, and Middle East, we’re excited to build more connections with brands, partners, supporters, and Culers in these regions.”

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. With offices strategically located in prominent financial centres, such as London, Sydney, Hong Kong, Tokyo, Singapore, the Cayman Islands, Bangkok, Limassol, and more, EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the highest levels of ethical standards and international regulation. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Australia) Pty Ltd is regulated by Australia’s Securities and Investments Commission (ASIC), and EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

https://www.ebc.com/

About FC Barcelona
FC Barcelona was founded in 1899 and is currently owned by its more than 144,000 members. It is considered the finest multi-sports club in the world and has 125 years of history. Although rooted in its city and its country, Catalonia, its outlook is global. It has official offices in cities in three different continents: Barcelona, Hong Kong, and New York.

Barça seeks to change the world through sporting excellence. This also includes the world of knowledge and innovation through the Barça Innovation Hub (BIHUB). The club is also recognised for its commitment to social causes, which it channels through the FC Barcelona Foundation, and for its work to educate children in the positive values of sport. Barça’s growth in recent years has led it to have more than 486 million followers on social networks.

www.fcbarcelona.com

Media Contact:
Douglas Chew
douglas.chew@ebc.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/4b03d2a3-2caa-4e2a-a1cd-aa739ccaf676

https://www.globenewswire.com/NewsRoom/AttachmentNg/b5d1d1b6-ad04-4056-901b-fe69df1eae6b

GlobeNewswire Distribution ID 9088105

EMGA obtient un financement par emprunt de 50 millions de dollars pour la société kazakhe MFO KMF

LONDRES, 10 avr. 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) annonce qu’elle a obtenu de la JICA, l’Agence japonaise de coopération internationale, une facilité de créance prioritaire de 50 millions de dollars US.

Shalkar Zhussupov, président du conseil d’administration de KMF : « C’est la première fois que KMF s’engage dans un partenariat avec la JICA, dont les objectifs et la mission se rapprochent des nôtres. Nous souhaitons exprimer toute notre reconnaissance à EMGA et à la JICA pour leur confiance et leur soutien. Les fonds de la JICA seront utilisés pour mettre en œuvre des projets visant à soutenir les micro et petites entreprises, y compris les entrepreneurs ruraux, ce qui permettra de créer de nouvelles opportunités et de contribuer à leur croissance économique. »

Sajeev Chakkalakal, responsable de la banque d’investissement et directeur général d’EMGA, a déclaré : « Nous sommes ravis d’avoir mis en place cette nouvelle facilité de crédit historique pour notre client de longue date, KMF. Ce fut un réel plaisir de collaborer à nouveau avec eux, tandis qu’ils poursuivent la consolidation de leur position en tant que plus grande IMF (institution de microfinance) du pays, et le renforcement de leur position financière en dépit de cette période de turbulence. »

Jeremy Dobson, directeur général d’EMGA, a ajouté : « Ce nouveau financement aidera KMF à remplir la mission qu’elle s’est fixée : continuer à aider les entrepreneurs dans tout le Kazakhstan et développer ses activités en mettant davantage l’accent sur les entreprises détenues par des femmes et dans les zones rurales. »

MFO KMF est l’un des leaders du secteur de la microfinance en Asie centrale. La société vise à établir des relations de partenariat à long terme avec ses clients, fondées sur la confiance, la compréhension et le respect mutuels. MFO « KMF » octroie à ses clients des prêts individuels et collectifs pour les types d’activités suivants : affaires, commerce, agriculture et élevage, production et services et prêts à la consommation.

JICA : l’Agence japonaise de coopération internationale est une agence gouvernementale qui fournit l’essentiel de l’aide publique au développement pour le compte du gouvernement japonais. Elle est chargée de soutenir la croissance économique et sociale dans les pays en développement et de promouvoir la coopération internationale.

Emerging Markets Global Advisory Limited (EMGA), avec des bureaux à Londres et à New York, vient en aide aux établissements financiers et aux entreprises à la recherche de nouveaux capitaux d’emprunt ou de capitaux propres. L’équipe multinationale d’EMGA associe des décennies d’expérience nécessaires pour mener à bien des transactions au nom de ses clients sur les marchés émergents et les économies frontières de tous les pays du monde, y compris le Kazakhstan qui reste un marché clé. Grâce à son expérience reconnue dans la formation de capital et le conseil stratégique à travers divers cycles économiques, EMGA continue d’étendre son rayonnement géographique et son offre de services, consolidant ainsi sa place sur le marché comme l’une des principales banques d’investissement de niche axées sur les marchés émergents.

Coordonnées
info@emergingmarketsglobaladvisory.com

GlobeNewswire Distribution ID 1000934122

A EMGA garante financiamento de dívida de US$ 50 milhões para a MFO KMF do Cazaquistão

LONDRES, April 10, 2024 (GLOBE NEWSWIRE) — A Emerging Markets Global Advisory LLP (EMGA) anuncia que obteve uma linha de crédito de US$ 50 milhões da JICA, a Japan International Cooperation Agency.

Presidente do Conselho de Administração da KMF, Shalkar Zhussupov: “Esta é a primeira vez que a KMF faz uma parceria com a JICA, cujos objetivos e missão se assemelham muito aos nossos. Somos gratos à EMGA e à JICA por sua confiança e apoio. Os recursos financeiros da JICA serão usados para implementar projetos de apoio a micro e pequenas empresas, incluindo empreendedores rurais, que criarão novas oportunidades e contribuirão para o crescimento econômico”.

Sajeev Chakkalakal, líder do setor de bancos de investimento e diretor administrativo da EMGA, disse: “Estamos muito satisfeitos por termos conseguido essa nova e histórica linha de crédito para nosso cliente de longa data, a KMF. Foi uma grande satisfação trabalhar com eles novamente, pois continuam a solidificar sua posição como a maior IMF do país e a fortalecer ainda mais sua posição financeira, apesar da época turbulenta”.

O diretor administrativo da EMGA, Jeremy Dobson, acrescentou: “Esse novo financiamento ajudará a KMF a cumprir sua declaração de missão: continuar a ajudar empreendedores em todo o Cazaquistão e desenvolver seus negócios com um foco maior em empresas controladas por mulheres e em áreas rurais”.

MFO KMF é um dos líderes no setor de microfinanças da Ásia Central. O objetivo da empresa é estabelecer relações de parceria de longo prazo com os clientes, com base na confiança, compreensão e respeito mútuos. A MFO “KMF” concede aos clientes empréstimos individuais e coletivos para os seguintes tipos de atividade: negócios, comércio, agricultura e pecuária, produção e serviços e empréstimos ao consumidor.

JICA: a Japan International Cooperation Agency é uma agência governamental que fornece a maior parte da Assistência Oficial ao Desenvolvimento para o governo do Japão. Ela foi criada para ajudar no crescimento econômico e social dos países em desenvolvimento e na promoção da cooperação internacional.

Emerging Markets Global Advisory Limited (EMGA), com filiais em Londres e Nova York, auxilia instituições financeiras e empresas que buscam capital de novas dívidas ou acionário. A equipe multinacional da EMGA combina décadas da experiência necessária para concluir transações em nome de seus clientes nos mercados emergentes e economias de fronteira do mundo, incluindo o Cazaquistão, que continua sendo um mercado importante. Com um histórico comprovado em formação de capital e consultoria estratégica ao longo de diversos ciclos econômicos, a EMGA continua expandindo seu alcance geográfico e sua oferta de serviços, solidificando sua posição no mercado como um dos bancos de investimento de nicho mais proeminentes do setor voltado para mercados emergentes.

Informações de contato
info@emergingmarketsglobaladvisory.com

GlobeNewswire Distribution ID 1000934122

Government Overhauls Regulatory Bodies To Boost Efficiency

The government has initiated a comprehensive rejuvenation of state regulatory agencies to streamline service delivery, enhance standards and curb wastage.

Speaking during the conference to assess the status of the campaign to revitalise and re-energise regulatory authorities and agencies Prime Cabinet Secretary Musalia Mudavadi said regulatory authorities play a vital role in ensuring the proper functioning of state agencies.

Mudavadi said that overlapping of functions has rendered many agencies redundant adding the situation could be salvaged if proper policy interventions to consolidate their functions were put in place.

‘In the financial sector for example there exists an overlap of functions in regulatory bodies like the Capital Markets Authority and Insurance Regulatory Authority whose consolidation on one framework would enhance the collective impact to streamline regulatory processes,’ said Mudavadi.

Mudavadi said that the Chief of Staff and Head of Public Service, Felix Koskei, identified the whol
e regulatory sector in our economy as an area that needs special attention to facilitate efficiency, safe delivery of service, cost-effectiveness, and also protect the lives of Kenyans.

He added that Koskei took the initiative to convene the comprehensive gathering involving all regulatory authorities and agencies in the country, totaling approximately 78 institutions.

Mudavadi said that the strategic move underscores the imperative for regulators to adopt to facilitate transactions by the public rather than their role being one of obstruction.

He emphasised that regulators can play a pivotal role in fostering an environment conducive to growth and innovation, thereby enabling businesses and various activities to thrive within the confines of a regulatory framework.

‘A regulator is very important to make sure we get clean fertiliser, a regulator is also important to make sure we get correct medicine, and so on,’ the PCS noted.

He said that they had focused on shedding light and educating stakeholders on
why businesses must comply with obligations to County governments, NEMA, and other regulatory bodies.

Businesses need to understand the significance of adhering to regulatory requirements set forth by those entities to ensure environmental sustainability, public health, and safety standards are met.

‘Our regulatory authorities and agencies are faced with several challenges that impede the execution of their mandates. These range from bureaucratic inefficiencies to resource constraints; from regulatory capture to technological disruptions. The hurdles are enormous. The rapid pace of change in technology, finance, and healthcare sectors poses unique regulatory dilemmas that demand innovative solutions,’ Mudavadi said.

In addition, he noted that lack of coordination and coherence among regulatory bodies sometimes leads to duplicity of efforts and wastage of resources.

Head of Public Service and Chief of Staff, Felix Koskei on his part said that the crucial institutions are those that have been mandated to re
gulate sectors in Government and the country.

He noted that it is important to encourage these institutions and support them in running their affairs within the legal frameworks that have been given to them as well as adhere to the policies they have generated and within their delegated powers.

‘I am very happy to note that for the last year, there has been a lot of improvement in various sectors despite the many challenges, especially the build environment, NEMA is now taking full charge and NTSA taking full charge on the roads and many other regulators to mention a few,’ Koskei noted.

He urged regulatory bodies to implement their work under fewer instructions and read the laws and authority that give them the power to oversee the respective sectors so that there is equity, fairness, accountability, and objectivity when it comes to service delivery.

Source: Kenya News Agency

Muranga Tea Factory Directors Seek Fresh Mandate In Polls

Directors drawn from 10 tea factories in Murang’a have expressed interests for reelection in the polls slated for June this year.

More than 60 directors have underscored their performance saying for the past three years they have served in management boards of their factories, tea farmers have benefited hugely.

The directors who were led by their respective zones KTDA board members welcomed the directive of Tea Board of Kenya (TBK) to have elections in June, 2024.

They promised to abide by the TBK’s directive saying the elections will end the protracted conflict with former directors whom they bundled out of office three years ago during the polls and opted to petition for their loss in courts.

The polls, they argued, will bring to an end wrangles that existed between the current directors and their former who lost their positions in 2020 upon implementation of the tea reforms.

The directors who met in a Murang’a hotel, Wednesday and Led by James Githinji and Chege Kirundi, board members of zone two and
zone three respectively, accused former directors for instituting court cases which have cost farmers a lot of money paid as court fees.

‘Since we took over three years ago, the performance of our factories have improved. Farmers have witnessed high payout of bonus last year and even in this year, bonus will be paid at higher rates.’ Said Kilundi adding that in September they will announce the annual bonus payment which will be higher than last year.

Kirundi said the directive to hold elections by June should be respected, saying former directors are free to campaign.

‘The government decision on election should be respected as the farmers who are the majority will give their verdict,’ He added.

On his part, Githinji expressed optimism that current directors will be reelected based on their remarkable track record.

He said farmers should not shy off from participating in the elections adding measures are in place to ensure the exercise will be free and fair.

‘The voting will be through a secret ballot ba
sed on one farmer one vote principle. The share and proxy systems that were abused in the past have since been outlawed by the regulator,’ said Githinji who is also a director at Ngere tea factory.

During the meeting, chairman of Kanyenyaini Factory, Alex Macharia Karuguru observed that for the last three years the sector has improved owing to better coordination by the TBK.

‘At Kanyenya ini tea factory, the current board inherited a dilapidated processing plant, and millions of shillings have been spent towards rehabilitation and sealing the leaking roof. Karuguru.

‘Currently, farmers have enjoyed an increment in the price of green leaf from Sh16 to between Sh.21 and Sh.25,’ said Githinji.

Tea bonus, He noted, has been on the rise following the impressive market of the commodity in the local and international markets.

Murang’a County tea caucus chairman Prof Joseph Karanja said in three years the directors have done a lot to improve the tea processing plants and ensure farmers deliver quality green leaf
.

‘Based on last year’s performance analysis of tea factories in Murang’a, the bonus rates that will be announced in September will be impressive and good news to farmers,’ stated Karanja, chairman at Ngere Tea Factory.

Source: Kenya News Agency

Farmers Make Windfall As Coffee Registers Impressive Prices At Auction

Kenyan coffee has continued to attract impressive prices at the Nairobi Coffee Exchange (NCE) for the last two weeks.

During this week’s sale of coffee at NCE a total of 26, 813 bags of coffee fetched Sh1 billion which was a slight decrease as compared to last week’s Sh1.3 billion.

Karumandi Coffee factory in Kirinyaga County which sold its coffee through Alliance Berries Ltd got best prices with a bag of grade AA going for Sh50, 180. The factory fetched Sh6.6 million after selling 107 bags of grade AA coffee.

Other factories that got better prices for their coffee include Kiunyu factory with 55 bags of AA grade that was bought at Sh46, 410 per bag while Thangani and Nduma factories under New Kenya Planters Cooperative Union (KPCU) each sold 112 bags of AA quality at each Sh48, 230 per bag.

NCE acting CEO Ms Lisper Ndung’u said in the auction the Alliance Berries Ltd led the pack as its 10,292 bags were bought at Sh437.47 million followed by Kirinyaga Slopes with 6,048 bags that fetched Sh234.06 million.

T
he New NKPCU emerged third in the list of best sellers after realizing Sh191.6 million from 4,737 bags.

Ndung’u noted that the three leading marketing agents delivered 5,979 bags of AA at the auction market, out of the 6,901 bags that were collected from the cooperatives and estates by the nine agents.

The CEO added that the auction attracted 16 coffee buyers both local and international as compared to 20 buyers who participated in last week’s auction.

In the dealers’ category, Kenyacoff bought 5,262 bags for Sh207.51 million, Ibero Kenya procured 5,218 bags at Sh201.37 million while Sasini bought 3,907 bags at Sh174.45 million.

Other dealers were C-Dormans who bought 3,639 bags at Sh168.47 million and Louis Dreyfus who purchased 3,716 bags at Sh130.17 million while Taylor Winch bought 2,665 bags at Sh106.9 million.

Some elected Murang’a leaders who spoke to KNA via phone call lauded the impressive coffee prices saying high returns will encourage farmers to increase production.

Kigumo MP Joseph Munyoro
and his Kangema counterpart Peter Kihungi noted that prices of coffee for the last three months have been remarkable, attributing it to the government’s commitment in reviving the coffee sector.

Munyoro highlighted that this week 26,850 bags of coffee was sourced from 1,093 farmers’ cooperatives and estates as compared to 33,470 bags that were delivered last week.

‘As members of Coffee Tea Parliamentary Association (Cotepa) we encourage farmers to focus on increasing production by proper tending of their coffee bushes. From what we have witnessed at the auction, buyers are interested in the quality,’ he noted.

On his part, Kihungi said coffee remains a major income earner in Mt Kenya region calling for more support from relevant government agencies to help farmers improve on quality and quantity.

‘Coffee reforms have revamped the sector with farmers getting better returns as more focus should be on timely payment for their produce,’ said Kihungi.

Kenya Coffee Producers Association (KCPA) Chairman Peter G
ikonyo stressed the need for production of quality coffee saying this will ensure Kenyan coffee attracts more international buyers.

‘Analysing the coffee auction, most of the coffee presented for sale is that of grade AA, AB and C and these qualities have earned farmers’ high returns. Our focus should be on quality as we strive to revive the sector,’ added Gikonyo.

Source: Kenya News Agency

72 Liqour Shops Closed In Narok South

The security team has seized 72 wine and spirit shops in Narok South Sub County that violated liquor licensing board regulations.

At the same time, the team destroyed 24 lotto machines and closed the lotto businesses in all the trading centers in the sub county. Narok South Deputy County Commissioner Felix Kisalu said they are alert to close any illegal business that operates without a valid license from the county government.

Kisalu said this when he led the security team to destroy the lotto machines at Ololulunga trading center, where the 24 lotto machines were destroyed. The DCC observed that the lotto business was ruining the future of many youths in the area as they were spending most of their time playing the lotto games.

‘We have learnt that our youths are stealing money from their parents to play the lotto games. This has compromised education in this area as the young people do not concentrate in their classwork,’ he said.

Kisalu cited an example of Ololulunga boys, saying many strikes that have
been witnessed at the school are caused by a portion of boys who squander their school fees in the drinking dens and lotto joints, and thereafter cause commotion in school.

He reiterated that insecurity cases have gone down since the crackdown against the illegal drinking dens began, saying they will continue working with village elders, religious leaders and the business community to ensure the illicit brew is finished in the area.

The DCC called on the residents to help in giving information that will help arrest any person who engages in criminals’ activities in the town.

Source: Kenya News Agency

Nakuru Business Gurus Trained To Provide Consultancy To Companies

Nakuru County business enterprises are set to benefit from enhanced business skills after the completion of a specialised training programme for trainers.

The training has equipped them with the tools and knowledge to provide consultancy services to the companies within Nakuru County.

The programme organised by Nakuru County Government in collaboration with Japan International Cooperation Agency (JICA) and Kenya Institute of Business Training (KIBIT) executed onsite businesses consultancy and training on selected companies within the County.

County Chief Officer for Trade Benard Sang noted that the move will tremendously benefit enterprises to realise growth and development especially in good business management, increased quality productivity, increased sales and improved financial management.

The Chief Officer who was speaking during the certification of the trainers urged those trained to continue with the business consultancy in other companies or enterprises in the County to enable them achieve econo
mic stability.

Sang emphasised the importance of customer care for front business employees since they play a critical role in the showcasing of products and their attitude and trait determine whether the client moves to the next stage of purchasing.

He commended the local business communities who have worked extremely hard to make Nakuru city attractive and competitive for various businesses, hence encouraging other international and regional companies to want a share of the city.

The Chief Officer said that the county is now known as an important tourism destination mainly because of the high-quality hotels which have maintained international standards by continuous improvement of their facilities, especially the cuisine and accommodation.

Trainer Candidates include Trade Development officers Monica Sitin and Tabitha Kibithe, Cooperatives officers George Ogalo and Alex Muchemi.

Source: Kenya News Agency