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Kenya: Companies rake in profits, farmers' earnings lag behind

Kenya’s economy gifted intermediary companies and individuals super profits, but the producers got peanuts for their labour, The Standard reports, pointing to an analysis of the 2019 Economic Survey.

Of the Sh3.3 trillion [32.5 billion USD] produced by the sector that is also a key foreign exchange earner through such produce as tea and flowers, Sh2.7 trillion [26.6 billion USD] went to owners of capital such as milk processors, tea factories, sugar and maize millers.

Earnings from export of flowers were decent, earning the country foreign exchange. Moreover, most of the flower farms, according to an analysis by Saturday Standard, are foreign-owned, a situation that exposes the country to capital flight.

Read more at The Standard (Dominic Omondi)

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