NAIROBI, Feb 9 (Reuters) - Kenya on Wednesday launched a $34 million project aimed at cushioning the effects of drought caused by climate change, targeting communities living in arid regions of the country.Finance and environment ministry officials said the five-year Green Climate Fund would go towards helping 620,000 people in 11 regional counties in arid and semi-arid areas and would aim to restore over 500,000 hectares of rangelands.
Tough Economic Times Ahead As Wheat Price Rise
By Getrude Mathayo / Published February 10, 2021 | 10:25 am KEY POINTS
A tonne of wheat has increased by 30 percent to 33,000 shillings from 25,300 shillings sparking a rally both on bakers and standard flour.
Kenyans continue paying more for a loaf of bread and wheat flour amid disruption on imports and rising international prices of the cereal.
Prices have been on an upward trend since the last quarter of 2020 and spiked in the past month after Russia, the world’s largest exporter, slapped export taxes on wheat and grain export quotas.
The rising price of wheat has made its products costlier. Almost all brands of bread have also recorded a price increase, with a 400-gram loaf that has been retailing at 50 shillings for the last four years now selling at 55 shillings.
NAIROBI, Feb 10 (Reuters) - Kenya on Wednesday launched a $34 million project aimed at cushioning the effects of drought caused by climate change, targeting communities living in arid regions of the country.