Beekeepers set to benefit from Sh100m financing
Business
By
Manuel Ntoyai
| Jul 30, 2024
The need for honey in Kenya is urgent, as local production is insufficient to meet the demand.
Currently, only 20 per cent of the honey available in Kenya is produced within the country.
To address the remaining 80 per cent shortfall, Kenya depends on importing honey from other countries.
However, Kenya has untapped potential that could be harnessed to fulfil its requirements. Interestingly, over 95 per cent of bee pollen, propolis, and bee venom used in Kenya are imported.
To help address this issue, at least 1,000 farmers interested in beekeeping are set to benefit from a loan program by Savannah Honey, one of the leading companies in the apiculture business in Kenya.
READ MORE
Insurers caught flat-footed ahead of IRA's 24-hour cyber breach deadline
Ruto dreams of a 'new Singapore', but not when counties hold us back
Expanding access to justice through reforms
Parliament moves to end decades-long registration nightmare
Private universities under Sh 48.8 billion pending bills
Government websites hit in major cyberattack
Somali banks on Port of Mogadishu to push 24hr-economy plan
Inside Sharjah's 'Poetry Pharmacy', where healing comes in verses, not pills
According to the Savannah Honey CEO Kyalo Mutua, the program will offer a repayment period of 12 months and will benefit farmers across the country.
"Depending on the package that a farmer chooses, we'll guide them through the process to ensure they maximize their potential for high yields," says Mutua.
Savannah Honey will also offer the farmers a five-year contract for technical support, free training and a market for their products.
While beekeeping stands out as one of Kenya's most lucrative ventures, it is surprising that many Kenyans remain unaware of its practices and requirements.
"Astonishingly, some landowners leave their idle land untapped, missing out on potential earnings," he says.
He notes that a gram of bee venom commands a price of Sh 8,000, while, a kilo of royal jelly fetches Sh42,000.
In Kenya, a kilogram of honey sells for at least Sh 600. Bee pollen commands Sh 6,800 per kilo, while propolis is priced at Sh1,300.
The program is set to not only benefit the farmers but also increase the county's honey production which remains way below the demand.
Mutua highlights the untapped beekeeping potential in Kenya, with the country relying on imports for about 80 per cent of its honey consumption.
Furthermore, more than 95 per cent of locally used bee pollen, propolis, and bee venom are also imported.