FARMKENYA INITIATIVE
The much anticipated elections under the Tea Act, 2020, take place this Saturday at Chinga Tea Factory.
Reformists championing the Tea Act, 2020, believe the elections at the factory will mark a turning point in the journey to revolutionise the sub-sector.
Kenya Tea Development Agency (KTDA) chairman Peter Kanyago has been a director at Chinga Tea Factory where he has been representing Mumbu-ini West since the late 1990s.
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In the 2,000 transition elections, he became the KTDA director representing Nyeri zone and 10 years later succeeded his Meru counterpart Stephen Mutai Imanyara as KTDA chairman after a power tussle at the privatised agency.
KTDA raises pay by Sh5 per kilo for eastern tea farmers
Monday March 15 2021
By IRENE MUGO
Farmers in the Mount Kenya region will now receive Sh5 more per kilo of tea delivered to factories monthly as the Kenya Tea Development Agency (KTDA) moves to increase their pay and end the March mini-bonus payout.
The growers will receive Sh21 per kilo of the green leaf up from the current Sh16 monthly advance payment.
The new payment mode will be implemented this month.
“The Board has reviewed the initial green leaf payment rate from Sh16 to Sh21 per kilo of the leaf with effect from January 2021,” reads a memo to factories in the East of Rift Valley.
Kenya Savannah Classic golf tournament added to the European Tour 2021
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The European Tour has added the Kenya Savannah Classic, its latest golf tournament, to its 2021 International Schedule. The Ksh.152.1 million (€1 million), 72 hole stroke play event will take place from Tuesday 23 March to Friday 26 March at Karen Country Club, in Nairobi.
The tournament will form a double-header with the previously announced Magical Kenya Open, which will be played at the same venue in the week before i.e. Thursday 18 March to Sunday 21 March. Both tournaments will be played under the guidelines of the European Tour’s health strategy, which will be aligned with Kenyan Government directives on COVID-19.
FARMKENYA INITIATIVE
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By Joe Ombuor | December 21st 2020 at 12:00:00 GMT +0300
Tea farmers will have an early Christmas after the Kenya Tea Development Agency (Holdings) declared a Sh734 million dividend.
The bonus is for the financial year ending June 30, 2020
This year’s dividend represents a 15 per cent increase from the previous year’s offer of Sh683 million.
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KTDA Holdings Chairman Peter Kanyago also attributed higher revenues to increased tea sales volumes.
“Increased tea production led to high stocks at the peak of Covid-19 and exerted considerable pressure on working capital within the group,” he said in a statement. “The board has proposed a dividend of Sh734 million compared to last year’s Sh683 million, a welcome performance in a difficult year.”
THE STANDARD By Joe Ombuor |
December 21st 2020 at 11:16:43 GMT +0300
Workers picking tea leaves.
Tea farmers will have an early Christmas after the Kenya Tea Development Agency (Holdings) declared a Sh734 million dividend.
The bonus is for the financial year ending June 30, 2020
This year’s dividend represents a 15 per cent increase from the previous year’s offer of Sh683 million.
It comes on the back of enhanced green leaf production over the same period which led to growth in total revenues for the year. KTDA said its newly established subsidiary businesses led to higher revenues.
KTDA Holdings Chairman Peter Kanyago also attributed higher revenues to increased tea sales volumes.