• Home
  • Business News
  • Weekly Reviews
  • Market Reports
Thursday, May 29, 2025
  • Login
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports
  • Global Markets
  • Commodities
  • Corporate News
No Result
View All Result
The Trading Room
No Result
View All Result
Home Business News

Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment

Trading Room Reporter by Trading Room Reporter
in Business News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter

Tea farmers are set to receive 28 billion shillings as final bonus payment from 54 Tea Factory companies managed by the Kenya Tea Development Agency.

RELATED POSTS

Asian Markets Post Gains After Weeks of Drop As Trade Wars Hold

Stanbic Bank Launches Platform to Enhance Access to Chinese Markets

Oil Prices Soar as Iran fires missiles at Israel

The money pushes the total payment for the financial year ending June 2020 to 52 billion up from 46.5 billion last year.

The increased bonus payment comes at a time when the agency is rocked in a bitter tussle with the government over the management and payment of tea bonuses.

This year’s total payment represents an 11.6% increase from last year, and means that, on average, farmers will take home more earnings than they did last year.

The growth is attributed to an increased green leaf production by the factories, which grew by 29 per cent for the year to stand at 1.45 billion kilograms compared to 1.13 billion kilograms over a similar period last year, as well as a more favorable exchange rate.

This is despite the average price for a kilo of sold tea falling by 8.1 percent to an average twelve-year low of 250 shillings per kilo compared to 265 shillings per kilo in 2019.

The volume of processed tea produced by the 54 factories increased to 326 million kilograms (kgs) for the year, up from 267 million kilograms last year.

Buy JNews
ADVERTISEMENT

On average, 4.5kgs of green leaf make one kilogram of processed tea.

Consequently, turnover for the 54 Tea Factory Companies grew by 14% to stand Kes 79 billion compared to Kes 69 billion in 2019.

KTDA Managing Director, Alfred Njagi said other than for a few factories whose crop did not increase materially for various reasons, on average, tea farmers will take home higher earnings this year on the back of increased tea production due to good weather, which was further supported by a favorable currency exchange environment.

The business environment was characterized by lower purchasing power and COVID-19 disruptions in key markets.

The tea industry has been thrown into confusion due to a series push and pull between the ministry of agriculture and the tea agency over plans to streamline the industry by reforming the tea value chain in the country.

Post Views: 4,109
Tags: CommoditiesKenya EconomyKenya Tea Development AgencyKenyan TeaspotlightTea Prices
Previous Post

Co-op Bank Shareholders Approve Acquisition of Jamii Bora Bank

Next Post

Asian Markets Decline as Coronavirus Concerns take Centre Stage

Trading Room Reporter

Trading Room Reporter

Related Posts

Global Markets Asian markets
Business News

Asian Markets Post Gains After Weeks of Drop As Trade Wars Hold

by Rennie Odek
Muya Guo Head of Chinese Segment at Stanbic Bank Kenya
Business News

Stanbic Bank Launches Platform to Enhance Access to Chinese Markets

by Felix Ochieng
Brent Crude Oil Prices WTI
Business News

Oil Prices Soar as Iran fires missiles at Israel

by Githere Eddie
Kakuzi logo
Business News

Kakuzi Plc Joins the List of NSE Firms Issuing Profit Warning for 2023

by Felix Ochieng
Next Post
Australian Stocks Fall More than 2% as Fed Signals No Rate Hikes Through 2022

Asian Markets Decline as Coronavirus Concerns take Centre Stage

HF Group

HF Group Appoints Adan Mohamed as a Non-Executive Director of Mortgage subsidiary, HFC.

NSE Nairobi Securities Exchange

Market Report; 23 October,2020

Advertisement Banner Advertisement Banner Advertisement Banner
ADVERTISEMENT

Most Viewed Posts

  • Tea Farmers Set to Receive Kes 28 Billion as Final Bonus Payment (4,109)
  • 4 Things You Can Do With the Cashlet App to Achieve Your Financial Goals (2,201)
  • Hilda Njeru Takes over at CDSC (2,069)
  • Safaricom Finally Launches eSIM: Here’s What You Need to Know (1,920)
  • KenGen Gets Nod to Sell 4 Million Tonnes of Carbon Credits (1,808)

Follow Twitter

About Us

Follow Us

Popular Tag

Africa Asian - Pacific Stocks Asian Stock Markets Australian Stocks Bitcoin Bonds Kenya Bonds Trading in Kenya Brent Brent Crude Capital Markets Authority Central Bank of Kenya Corona Virus Pandemic Crude Oil Cryptocurrencies Derivatives NSE Derivatives Trading in Kenya Dow Jones Industrial Average Ethereum European Stock Markets Global Economy Global Markets Hang Seng Index Investing in Kenya Investor Briefing Jakarta Stock Exchange Kenya Economy Kospi index MSCI Index Nairobi Securities Exchange NASDAQ New York Stock Exchange Nikkei N225 NSE Oil Futures S&P 500 Index Safaricom Plc Shanghai Composite Shenzhen component spotlight Stock Market Report Stock Market Review U.S. Stock markets US oil Wall Street WTI Oil Index

Recent News

HF Group Plc CEO Robert Kibaara

HF Group Posts Solid Growth as Q1 Pre-tax Profit Soar 112%

Absa Bank Kenya PLC Managing Director, Abdi Mohamed

Absa Bank Kenya Reports KES 6.2 Billion Net Profit in Q1 2025 Amid Market Challenges

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 The Trading Room Limited.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
TSLA 
$356.90  1.65%  
GME 
$31.21  10.85%  
MSFT 
$457.36  0.72%  
AAPL 
$200.42  0.10%  
AMC 
$3.46  13.72%  
ABNB 
$128.67  0.56%  
GOOGL 
$172.36  0.31%  
AMZN 
$204.72  0.63%  
No Result
View All Result
  • Home
  • Business News
  • Weekly Reviews
  • Market Reports

© 2025 The Trading Room Limited.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?