Sharp Daily
No Result
View All Result
Friday, October 17, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kel Chemicals rejects accusations in fertilizer subsidy debacle

Brian Murimi by Brian Murimi
April 19, 2024
in News
Reading Time: 2 mins read

Kel Chemicals Ltd has vehemently denied any involvement in the alleged supply of substandard fertilizers that were distributed to farmers under the government’s Fertilizer Subsidy Program.

Appearing before lawmakers on the National Assembly Committee on Agriculture and Livestock, Kel Chemicals’ Managing Director, Patel Devesh, insisted that the company’s NPK 10:26:10 fertilizer product received valid approval from the Kenya Bureau of Standards (KEBS).

“The company received positive results on the samples of the fertilizer following an independent application for analysis to KEPHIS on 21st March 2024,” Devesh told the committee chaired by Tigania West MP John Mutunga. “Regarding those sent to KEBS, we are yet to get feedback to date.”

At the heart of the controversy is Kel Chemicals’ contract with Mems Distributors Limited to supply 550,000 bags of NPK 10:26:10 fertilizer for distribution under the subsidy scheme. However, Devesh revealed that his company only manufactured and delivered 69,670 bags to Mems, leaving a shortfall of 480,030 bags.

RELATEDPOSTS

No Content Available

“Mems was required to deliver a total of 550,000 bags to NCPB [National Cereals and Produce Board]. However, we only manufactured and delivered 69,670 bags. Therefore, in order to satisfy the terms of the contract between Mems and NCPB, the former was under an obligation to source for 480,030 bags,” the managing director explained.

Curiously, Devesh noted that the quantity of fertilizer bags recalled from farmers after allegations of substandard products exceeded the amount Kel Chemicals had supplied to Mems, raising suspicions of foul play.

“We are concerned by the emergence of these substandard fertilizers and of great concern to us is the insidious and spirited attempts to inculpate us as purveyors of the fake commodities,” he said. “We welcome impartial efforts to identify the real culprits and appropriate actions taken against them.”

Kel Chemicals’ legal team has called on the Directorate of Criminal Investigations to probe the contract pricing and payments between Mems and NCPB, hinting at potential irregularities in the tender process.

Previous Post

Roam, QuickMart team up to enhance EV charging accessibility

Next Post

Parliament pressures NHIF to clear KES 24 million debt amid hospital crisis

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025

LATEST STORIES

The Challenge of Preserving Retirement Savings in Kenya

October 16, 2025

Understanding Segregated vs Guaranteed Pension Schemes

October 16, 2025

The Sanlam-Jubilee deal

October 16, 2025

Kenya’s industrial real estate awakening

October 16, 2025

Stanbic Kenya in advanced talks to acquire NCBA: A game-changer in Kenya’s banking sector

October 16, 2025

CBK flags surge in financial fraud as losses triple to KES 1.6 billion

October 15, 2025

StanChart Kenya retirees face fresh legal stalemate over KES 7.0 billion pension payout

October 15, 2025

U.S. bank earnings take center stage amid government data freeze

October 15, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024