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Maize harvest drops after years of viral ravage in South Rift region : The Standard

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A Kerio Valley farmer Stephen Kiprono displays rotten maize cobs affected by the Maize Lethal Necrosis Disease (MLND) which has hit parts of Elgeyo Marakwet County. Agricultural officials in the area project poor maize yields which would cause food shortage after 5000 acres were affected. [File, Standard]

In Emarti village, Kilgoris Sub-county in Narok County, women line up to buy maize from a lorry that has just delivered dry grain for sale.

Traders in the lorry announce that they are selling a two-kilogramme tin of the grain at Sh140 or Sh6,300 a bag.
Unmoved by the price, the women pick kilos of it. They have no option, they are used to buying it all year round. Among the group of women and girls is Lucy Lekishon. Seven years ago, her husband was a commercial maize farmer who would sell hundreds of kilos of maize from their 10-acre farm.
Bumper harvest

SEE ALSO :Raila’s renewed interest in South Rift votes and leadership

“We used to transport over 200 bags of maize to the National Cereals and Produce Board depot in Mulot after a bumper harvest, it was laughter around this time of the year as we made money from farming,” said Ms Lekishon.
Things were however to change for the worse. For four years, they planted maize on their field and it kept failing. “The last three years have seen us not planting maize, we have been reduced to buying food at the centre,” she said.
Maize lethal necrosis (MLN) disease has ravaged maize fields in Narok South for the past seven years.

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The viral disease that started in Narok South has since spread to Trans Mara, Kilgoris in Narok County, Bomet, Nyamira, Kisii, Nandi and Nakuru counties.
Joseph Koech in Mulot was among the first farmers affected by the disease outbreak. Not to be deterred, he cleared his farm and replanted several times before giving up, just like Lekishon a few years later.
“We have learnt to brave the hunger that comes with not being able to plant our own food. We do not know which farm was first infected, but every farmer has been affected by the disease. The maize leaves turn yellow and the whole plant rots away within weeks. It spreads by the day,” said Mr Koech.
According to CABI, a not-for-profit scientific research firm, the MLN menace in Kenya was introduced by co-infection of maize by maize chlorotic mottle virus and sugarcane mosaic virus.
A recent survey by Global Maize Programme at the Maize and Wheat Improvement Centre, and Consultative Group for International Agriculture Research programme, maize, said the spread of MNLD countrywide was at 28.5 per cent.
The spread of the disease has been immense, and has triggered a shortage of food in the country, with farmers losing between 40 and 100 per cent of their crops.
In terms of national food security, the assault on maize production has heralded a disaster. According to the Maize Production Early Harvesting report, both Bomet and Narok used to produce over 10 million kilos of maize a season, with close to a similar amount in the subsequent one.
South Rift with its two planting seasons provided the country with early harvests in May as it waited for the North Rift’s that would come in late September, up to December.
Despite the sorry situation, the government has done little to address the menace that was first announced by then Minister for Agriculture, Dr Sally Kosgei.
MLN is easily spread by the wind and can affect thousands of acres of farmland in a short time. The agriculture minister said the disease affected all varieties of maize and insisted that it was not seed-borne. “There is, therefore, no fear of spreading the disease through seed,” she said.
According to Prof Hamadi Boga, Principal Secretary for Crop Development and Agricultural Research, the disease is difficult to get rid off and the only way out is to have seeds resistant to the crop.
“We are asking the Kenya Seed company and other seed firms to sensitise affected farmers to use breeds that are resistant to the virus; this is the only way to address the situation,” said Prof Boga.
Kenya Seed Managing Director Azariah Soy said they have developed and screened varieties that have shown tolerance to the disease as part of cushioning farmers against losses that come with MLN attacks.
“The disease put to jeopardy a region that produces millions of bags of maize. The seeds have since been tested and released by the regulatory agency,” said Mr Soy.
He added, “We now have two new varieties – H6506 and H532 – that are resistant to the disease. We already have produced 50 metric tonnes of the seeds that we expect to launch next month.”
The seed company working jointly with the International Maize and Wheat Improvement Centre, Kenya Plant Health Inspectorate Service (KEPHIS) and Kenya Agricultural and Livestock Research Organisation farm in Naivasha, said the seeds have been cleared after going through the National Plants Trial (NPT).
The team has come up with 15 varieties of seeds containing the resistance traits; they are undergoing screening under NPT. The research is on the third generation’s production of the seed.
Suresh L. M, Scientist of the International Maize and Wheat Improvement Centre and MLN Management Global Maize Programme said the research is in its fourth and final process of coming up with hybrid maize seeds.
The new variety will withstand the pressures caused by co-infection of maize by maize chlorotic mottle and sugarcane mosaic viruses.
“We started research on the project in 2012, a year after the outbreak of the maize disease and we are happy that we almost have a breakthrough.
We have managed to come up with 15 varieties of maize seeds that we have released to KEPHIS for verification,” said Dr Suresh.

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World Bank pushes G-20 to extend debt relief to 2021

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World Bank Group President David Malpass has urged the Group of 20 rich countries to extend the time frame of the Debt Service Suspension Initiative(DSSI) through the end of 2021, calling it one of the key factors in strengthening global recovery.

“I urge you to extend the time frame of the DSSI through the end of 2021 and commit to giving the initiative as broad a scope as possible,” said Malpass.

He made these remarks at last week’s virtual G20 Finance Ministers and Central Bank Governors Meeting.

The World Bank Chief said the COVID-19 pandemic has triggered the deepest global recession in decades and what may turn out to be one of the most unequal in terms of impact.

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People in developing countries are particularly hard hit by capital outflows, declines in remittances, the collapse of informal labor markets, and social safety nets that are much less robust than in the advanced economies.

For the poorest countries, poverty is rising rapidly, median incomes are falling and growth is deeply negative.

Debt burdens, already unsustainable for many countries, are rising to crisis levels.

“The situation in developing countries is increasingly desperate. Time is short. We need to take action quickly on debt suspension, debt reduction, debt resolution mechanisms and debt transparency,” said Malpass.

ALSO READ:Global Economy Plunges into Worst Recession – World Bank

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Kenya’s Central Bank Drafts New Laws to Regulate Non-Bank Digital Loans

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The Central Bank of Kenya (CBK) will regulate interest rates charged on mobile loans by digital lending platforms if amendments on the Central bank of Kenya Act pass to law. The amendments will require digital lenders to seek approval from CBK before launching new products or changing interest rates on loans among other charges, just like commercial banks.

“The principal objective of this bill is to amend the Central bank of Kenya Act to regulate the conduct of providers of digital financial products and services,” reads a notice on the bill. “CBK will have an obligation of ensuring that there is fair and non-discriminatory marketplace access to credit.”

According to Business Daily, the legislation will also enable the Central Bank to monitor non-performing loans, capping the limit at not twice the amount of the defaulted loan while protecting consumers from predatory lending by digital loan platforms.

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Tighter Reins on Platforms for Mobile Loans

The legislation will boost efforts to protect customers, building upon a previous gazette notice that blocked lenders from blacklisting non-performing loans below Ksh 1000. The CBK also withdrew submissions of unregulated mobile loan platforms into Credit Reference Bureau. The withdrawal came after complaints of misuse over data in the Credit Information Sharing (CIS) System available for lenders.

Last year, Kenya had over 49 platforms providing mobile loans, taking advantage of regulation gaps to charge obscene rates as high as 150% a year. While most platforms allow borrowers to prepay within a month, creditors still pay the full amount plus interest.

Amendments in the CBK Act will help shield consumers from high-interest rates as well as offer transparency on terms of digital loans.

SEE ALSO: Central Bank Unveils Measures to Tame Unregulated Digital Lenders

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Scope Markets Kenya customers to have instant access to global financial markets

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NAIROBI, Kenya, Jul 20 – Clients trading through the Scope Markets Kenya trading platform will get instant access to global financial markets and wider investment options. 

This follows the launch of a new Scope Markets app, available on both the Google PlayStore and IOS Apple Store.

The Scope Markets app offers clients over 500 investment opportunities across global financial markets.

The Scope Markets app has a brand new user interface that is very user friendly, following feedback from customers.

The application offers real-time quotes; newsfeeds; research facilities, and a chat feature which enables a customer to make direct contact with the Customer Service Team during trading days (Monday to Friday).

The platform also offers an enhanced client interface including catering for those who trade at night.

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The client will get instant access to several asset classes in the global financial markets including; Single Stocks CFDs (US, UK, EU) such as Facebook, Amazon, Apple, Netflix and Google, BP, Carrefour;  Indices (Nasdaq, FTSE UK), Metals (Gold, Silver); Currencies (60+ Pairs), Commodities (Oil, Natural Gas).

The launch is part of Scope Markets Kenya strategy of enriching the customer experience while offering clients access to global trading opportunities.

Scope Markets Kenya CEO, Kevin Ng’ang’a observed, “the Sope Markets app is very easy to use especially when executing trades. Customers are at the heart of everything we do. We designed the Scope Markets app with the customer experience in mind as we seek to respond to feedback from our customers.”

He added that enhancing the client experience builds upon the robust trading platform, Meta Trader 5, unveiled in 2019, enabling Scope Markets Kenya to broaden the asset classes available on the trading platform.

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