Tag: horticulture industry
According to the World Bank, Kenya faces an infrastructure financing gap of approximately $2.1 billion annually. Public-Private Partnerships are considered crucial in closing in this gap and the government plans to raise $2 billion in the financial year 2020/2021 through PPPs to fund key infrastructure projects. Isaac Otolo, Director Advisory Transactions at PwC spoke to CNBC Africa for more.
In Kenya, firms dealing in flowers have registered a 60 per cent drop in production this season following heavy rains, plagued by pests and diseases, which in turn hurt supplies and increase the cost. Britain is the second largest export destination for Kenya's cut flowers after the Netherlands, taking almost 18 per cent of the flowers produced in the country. Alex Owiti, Communication Consultant of the Horticulture Industry in East Africa joins to share how much of an impact the drop is to the economy as well as if Brexit will affect the Kenya flower trade.