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Jitters as 'outgoing' KTDA directors shop for a Sh1.7 billion loan

Jitters as 'outgoing' KTDA directors shop for a Sh1.7 billion loan
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Uhuru orders probe into KTDA activities and tea factory elections

Uhuru orders probe into KTDA activities and tea factory elections
Friday March 12 2021
A group of women picks tea leaves. President Kenyatta says KTDA is locked in inherent conflicts of interest that are also misaligned with the interest of tea farmers. FILE PHOTO | NMG
By JOHN KAMAU
The inquiry will look into KTDA s activities and those of its subsidiaries.
Cartels in the tea sector are set for more trouble after President Uhuru Kenyatta directed the Attorney General to conduct an inquiry into the workings of the giant Kenya Tea Development Agency (KTDA) and the activities of directors.
President Kenyatta has also ordered elections of directors of the various factories to be conducted within the next 60 days and ordered the Cabinet Secretary for Interior Fred Matiang i and CS for Agriculture Peter Munya to ensure the full implementation of the Executive Order. ....

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Zero rate VAT on tea, packaging machinery

THE STANDARD
By
Peter Kimanga |
January 29th 2021 at 00:00:00 GMT +0300
A tea farmer affiliated with Gathuthi Tea Factory delivers his produce at Ndugamano Tea Buying Collection Center. [Kibata Kihu, Standard]
Cabinet Secretary for Agriculture Peter Munya has said the government will zero-rate Value Added Tax on tea in order to boost value added exports as well as increase consumption of locally packed tea.
Though third in global tea production after China and India, Kenya leads in surplus tea exports to the world, sadly though, over 95 per cent of it is in bulk form.
This dismal value-addition is due to an unfavourable policy and tax regime, key being accessibility of tea by packers as they have to pay a refundable 16 per cent VAT upfront to access the tea, but which takes years to be refunded. ....

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