Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
In the past year, coffee reforms have led to the auction of 496,440 bags of coffee through the Nairobi Coffee Exchange (NCE) earning the country more than KSh17 billion. The reforms steered by NCE and Capital Markets Authority (CMA) have been ranked the best as the system has been transparent to benefit the farmers in…
President William Ruto has warned coffee farmers against taking more loans following a waiver issued by the government recently. Speaking at Gitooro ASK showground in Meru County during the Meru Cooperative Dairy Union 9th Farmers Field Day, Ruto cautioned the cooperatives coffee society officials against taking more loans unless it is approved by farmers themselves….
The ongoing coffee reforms are bearing fruit as prices at the Nairobi Coffee Exchange (NCE) shoot up to all-time highs, the last week of February auction has given the solid proof. During the week’s auction on February 27, 2024, the prices rose to $9 million (approximately KSh717. 5 million), with action volume increasing to KSh1.3…
The Kapsaos and Sorwot Coffee Cooperatives in Nandi County have registered a remarkable performance at the Nairobi Coffee Exchange (NCE) Auction this week. Kapsoas Farmers’ Cooperative Society stood out by achieving the highest price per lot as it presented 135 bags through their broker, New KPCU, and each bag was purchased by C. Dormans at…
Coffee farmers in Kirinyaga have high expectations of getting good returns after the Capital Markets Authority (CMA) licensed Kirinyaga Slopes Coffee Brokerage Company Limited as a coffee broker. It joins 13 other firms that have been cleared by the regulator for the role. The move will now see the farmers reap big since the licensing…
Farmers have welcomed the gradual increase in coffee deliveries to the Nairobi Coffee Exchange (NCE) amid the standoff between the government and coffee cartels. The increased deliveries come at a time when coffee management regulations reforms have caused a near stagnation of the auction and exports. The slow movement is partly blamed on the demand…
The Nairobi Coffee Exchange (NCE), yesterday, received the highest number of bags since the implementation of the new coffee regulations. Co-operatives registered 11,432 bags of coffee for the Tuesday auction. They included 612 bags of AA, 164 PB bags and 3,931 AB bags categorized as clean coffee. The coffee comes from 549 cooperatives and estates…
The Cabinet has approved the release of an additional Ksh4 billion for coffee farmers. It had earlier on released Ksh3 billion . This implies that farmers will now earn Ksh80 for a kilogramme of cherry from the current Ksh20 as an advance payment. To re-energise the Nairobi Coffee Exchange, the government will also search for better markets for…
Peter Gikonyo, the Chairman of the Nairobi Coffee Exchange (NCE), has revealed that five coffee marketers are set to showcase 6,369 bags of coffee at the inaugural sale of the 2023-2024 coffee crop. He noted that there will be 37,636 kilograms of pristine AA-grade coffee and 201,197 kilograms of AB-grade coffee. The chairman stated that…
