The 54 tea factory companies managed by the Kenya Tea Development Agency Management Services Limited have this week released Sh27.62 billion, being the final payment, popularly known as “bonus”, to tea farmers. Consequently, turnover for the 54 Tea Factory Companies grew by 14% to stand KShs 79 billion compared to Sh69 billion in 2019. “The 54 Tea Factory Companies, which own the 69 tea factories that are managed by KTDA-MS, have this week released the final payment for the year ended June 30, 2020, to the over 600,000 smallholder tea farmers under KTDA. Cumulatively, tea factories in Bomet County paid Shs 6.42 billion while those in Embu, Kericho and Kiambu Counties, Shs 3 billion, Shs 4.94 billion and Shs 4.92 billion respectively. Factories in Kirinyaga County KShs 5.39 billion while those in Kisii, Meru and Murang’a Counties paid KShs 1.98 billion, KShs 5.79 billion and KShs 9.8 billion respectively.

Source: The Star October 22, 2020 14:59 UTC