TEA NEWS #tea market

Tea directors in Meru and Tharaka Nithi’s factories are opposed to the proposal seeking to sell their crop at the Mombasa auction. The factories are said to have entered into agreements with overseas buyers that buy their produce at a higher price as compared to what the tea auction is to offer.

Directors of seven tea factories in Meru and Tharaka Nithi counties have warned of anarchy in the sector and loss of assets if the forced takeover of factories continues. They claimed that the elections of factory directors have been infiltrated by people pursuing personal interests. The directors warned that if transition from the current leadership to those who are being elected is not properly handled, it could lead to loss of assets and collapse of some factories.

• He said the county relies heavily on agriculture, hence the need to cushion farmers against financial burdens. • Barchok pointed out that most farmers in tea-growing areas of the county were still using makeshift structures in handling green leaf.

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Tea pluckers say the household-goods giant failed to protect them from brutal and foreseeable attacks.

Kericho County Governor Paul Chepkwony narrated his administration’s frustration in trying to negotiate with the United Kingdom government to settle the matter. Chepkwony’s family were among villagers brutally evicted by the British from Timbilil to pave way for tea plantation now owned by Unilever tea company on a 99-year-lease.

The President had on March 12 issued an order for the elections of directors to be conducted within 60 days. In Summary • The elections for the 54 tea factories will start from March 20 until May 22, 2021. • KTDA manages 69 smallholder tea factories which account for approximately 60 per cent of tea production in Kenya.

In Summary • The farmers have for years been agitating for reforms which seemed plausible with the drafting and passing of the Tea Act last December • The President heard the farmers’ cries and issued an Executive order on Friday directing the Attorney General to conduct an inquiry

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For the last seven years, KTDA Holdings has paid Sh3.8 billion dividends, all generated by the subsidiary companies.