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Kenya will supply freighters for agricultural exports

The government is exploring a different freight option for exports of fresh goods, according to Agriculture CS Mithika Linturi. This occurs after the Kenya Airways pilots' strike, which caused flight cancellations and severe losses for exporters. According to the CS, the horticultural sector has already seen losses of more than Sh200 million, making it necessary to take precautions against the destabilising effects. Linturi emphasised the impact of the agricultural value chains on the economy.

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Kenya will supply freighters for agricultural exports

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  1. KENYA WILL SUPPLY FREIGHTERS FOR AGRICULTURAL EXPORTS

  2. Agriculture CS Mithika Linturi has stated that the government is looking for an alternative freight option for exports of fresh products. This comes in the aftermath of the Kenya Airways pilots' strike that has stopped flights, hurting exporters hard. The CS claims that the horticultural industry has already suffered losses of more than Sh200 million, necessitating the need to take protective measures against the destabilising impacts. The effect of the agricultural value chains on the economy was emphasised by Linturi. Let’s discuss the notification in detail. Kenya supply freighters for agricultural exports The government is exploring a different freight option for exports of fresh goods, according to Agriculture CS Mithika Linturi. This occurs after the Kenya Airways pilots' strike, which caused flight cancellations and exporters. According to the CS, the horticultural sector has already seen losses of more than Sh200 million, making it necessary to take precautions against the destabilising effects. Linturi emphasised the impact of the agricultural value chains on the economy. severe losses for

  3. Horticulture exports climbed in value from Sh150.2 billion in 2020 to Sh157.7 billion in 2021, according to the Economic Horticultural output, particularly the cut flowers, benefited from higher export prices available on the export market throughout the study period. The industry still has a lot of problems, like the ongoing strike. However, in order to prevent future losses in the sector, my Ministry is working on a temporary measure to make special planes available Linturi" stated. Survey 2022.

  4. The cabinet secretary said this while presiding over a consultative forum organized by the Fresh Produce Consortium of Kenya (FPCK) and Bureau Veritas, which brings together participants in the agricultural value chain. Know Food Importers in Kenya The remaining loan sum will be novated to the government when the Kenyan government has settled Kenya Airways' loan arrears for the purchase of seven aircraft and one engine from US lender Private Export Funding Corporation (PEFCO). According to the Annual National Debt Report of the Kenyan National Treasury from 2021/22, however, the precise amount repaid was not stated. The lender had reportedly called in a 10-year USD525 million guarantee provided in 2017 by EXIM Bank (United States of America), which had in turn been guaranteed government. This was revealed during FY 2021/22. Even though the guarantee only expires in FY2027/28, the lender called it in because Kenyan Airways had stopped making loan payments due to cash flow issues made worse by government- imposed travel restrictions. by the Kenyan

  5. To buy seven aeroplanes and one engine, Kenya Airways borrowed a total of USD 841.6 million from the EXIM Bank of the USA. The government had pledged USD 525 million of these totals. Kenya Airways fell behind on both the guaranteed and unguaranteed portions of the loan. EximPedia provides the best Import Export data, Importers Kenya, and much more. It also enables you to acquire data on the top exporters, HS Codes; US Customs trade data, etc. If you have a query related to food importers in Kenya. Please contact our business professionals; they will assist you to explore your business in the international market.

  6. thank you Eximpedia Call: +1(901)236-2559 Email: info@eximpedia.app

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