Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Deputy President William Ruto said such practice has been rampant in the past/DPPS

Kenya

Ruto warns over collusion to inflate fertiliser costs

Deputy President William Ruto said such practice has been rampant in the past/DPPS

Deputy President William Ruto said such practice has been rampant in the past/DPPS

ELDORET, Kenya, Mar 27 – The government has warned its officers against colluding with middlemen to acquire and repackage subsidized fertilizer and selling it at a high price.

Deputy President William Ruto said such practice has been rampant in the past.

He spoke as the government started distributing two million bags of fertilizer and another half a million for top dressing.

Ruto said such unscrupulous business people working in cahoots with officers from the National Cereals and Produce Board (NCPB) were engaged in the illicit trade.

Speaking when he made an impromptu visit to the Eldoret and Bungoma NCPB depots, Ruto said the fertiliser is solely meant to benefit farmers and it was not to be sold to businessmen.

“We don’t want to hear that the fertilizer we have brought to be sold to farmers at a low price is being sold by other people,” he warned.
The Deputy President revealed that the government has allocated Sh3.2 billion in the current financial year for fertiliser subsidies to boost food security.

“The subsidy wasn’t meant for brokers who have been a perennial nightmare in the agriculture sector. Sadly, some farmers who are the targeted beneficiaries are being bribed by middlemen who they help to get fertiliser from NCPB which they then repackage and resale to individuals very expensively,” Ruto said.

He said some of those involved illegally acquiring the commodity had been arrested in the past.

“County governments, farmers and NCPB should now work together and close all the loopholes these unscrupulous businessmen are using to get rich at the expense of genuine farmers,” he said.

In Mumias, Ruto said the rights issue will inject Sh3 billion into Mumias Sugar Company (MSC).
Ruto said this would ensure farmers and workers are paid promptly.

Advertisement. Scroll to continue reading.

“We intend to raise Sh3bn to Sh4 billion on a rights issue so that we can turn around the fortunes of this company. The board is working on a plan, we want Mumias Sugar Company to succeed because its success touches thousands of Kenyans,” said Ruto.

He said the government also plans to intervene in cane development to ensure the miller operates at full capacity.

“Production at Mumias has increased from 350 to 450 tonnes a day. We hope to get back to 7,000 tonnes when this factory began. That is possible through cane development which is our next area of intervention,” he added.

The Deputy President was accompanied by MPs Benjamin Washiali, Bernard Shinali, Silas Tiren and Uasin Gishu Governor Jackson Mandago.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...