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Tea farmers to earn Ksh84 billion

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Tea farmers are set for improved earnings after sales for the year 2015/2016 jumped 32 per cent on higher production and a stable currency. 

The farmers’ marketing agency, Kenya Tea Development Agency (KTDA) has announced Ksh84 billion in revenue this year from Ksh63.5 billion last year, a move that would enhance farmers’ earnings.

The growers will earn Ksh44 billion on average as the final payment, normally referred to as bonus. Sh17 billion has already been paid to farmers as initial payment.

Announcing the results, KTDA managing director Lerionka Tiampati said this has been the best year in the history of the company.

“It has been a good year for us as KTDA and we are happy about the results that we have posted this year,” said Mr Tiampati.


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BUSINESS DAILYhttp://www.businesstoday.co.ke
Business Daily is Kenya's only daily business newspaper published by the Nation Media Group. The newspaper, launched in March 2007, is published from Monday to Friday, with the Friday edition circulating over the weekend. It is based at the Nation Centre in Nairobi.
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