Inflation rose for a second month
6.6%
August, up from 6.4% in June
Transport inflation was 15.7% and food and non-alcoholic beverages 9.0%.
Source The Standard (KNBS data)
Across every category
Three forces shaping the quarter
Fuel prices held, import costs moved
Ksh217.86
Nairobi diesel per litre, 15 Sep to 14 Oct
Prices were unchanged, though the diesel landed cost rose 11.86% between July and August.
Input prices cut ahead of the rains
Ksh2,000
Subsidised fertiliser per bag, from Ksh2,500
The cut targets the long rains expected in October, with a forecast 81% chance of a strong El Niño.
Source Kenyans.co.ke, 23 Aug
Beverages
A Nairobi-listed brewer's profit rose 49%, and a Kenyan beverage plant is changing hands.
A Nairobi-listed brewer: year to June, profit up 49%
Net revenue grew 13% to Sh146 billion on volume growth, cost management and lower financing costs.
Source Capital FM, 6 Aug
An India-listed bottler buys a Kenyan dairy drinks, juice and water business for $32 million
The sale includes a Nakuru plant and was expected to close on or before 1 August.
Source FoodBev Media, 8 Jul
Fuel & lubricants
Pump prices held for the 15 September to 14 October cycle.
EPRA keeps pump prices unchanged
Nairobi super petrol stays at Ksh214.03 and diesel at Ksh217.86. Super petrol's landed cost fell 7.87% but diesel's rose 11.86%.
Building materials
A listed cement maker's profit is the highest since 2017.
A listed Kenyan cement maker: H1 turnover up 20%
Net profit rose 59% to KSh1.37 billion, the highest since 2017. The company credited expansion of its retail and key-account segments.
Source Kenyan Wall Street, 29 Aug
Agriculture & inputs
Subsidised fertiliser gets cheaper before the long rains.
Subsidised fertiliser to fall from Ksh2,500 to Ksh2,000 a bag
The cut follows an earlier programme that cut 50kg bags from Ksh6,000 to Ksh7,500 down to Ksh2,500, and targets the long rains expected in October.
Source Kenyans.co.ke, 23 Aug
