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High Tea Production Eats into Farmers’ Earnings

teasenz — Sun, 30 Jun 2013 04:28:09 +0000

Things are looking up for tea – there was high tea production but regrettably the high tea production eats into farmers’ earnings The bumper tea harvest in the first five months of the year has cut earnings for farmers with a kilo of tea fetching an average $2.87 from $3.02 over the same period in 2012. The latest tea industry report shows that May’s tea production rose to 39.6 million kilos from 37.3 million during the same month last year. This brought the cumulative tea output from January to May to 195 million kilos against 127.9 million recorded in 2012. Tea Board of Kenya attributed the higher output to adequate rainfall in most of the main tea growing regions in the country “Across the sub-sectors, production within the plantation sub-sector rose from 12.8 million kilos […]

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The Bank of Africa-Kenya Is To Finance Tea Growers

teasenz — Sat, 15 Jun 2013 03:10:56 +0000

To boost Kenyan tea industry, the Bank of Africa-Kenya is to finance tea growers by introducing an innovative credit facility that is expected to scale up farmers’ productivity. The facility, called The Chai Loan, will be a source of short term financing to both small-scale and large-scale tea farmers, to support farming operations critical to increased yields and revenues. Their program will also be providing financing to farmers,also collaborating with private tea processors to help support their out-growers. The Managing Director of Bank of Africa-Kenya, Kwame Ahadzi, says that the new ‘Chai Loan’, seeks to address financing challenges in the tea farming, “Growing of tea is an important economic activity for Kenya that is driven mainly by small-scale farmers who face challenges in accessing support to improve their productivity. This is the reason why we have introduced […]

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New Tea Factories in Kenya

teasenz — Mon, 08 Apr 2013 04:16:55 +0000

There are new tea factories in Kenya being built : in Kericho, Bomet and Nakuru counties. It is expected that an additional processing capacity of 60 million kilos of leaf a year will occur when those four newly licensed factories start operations. Sicily Kariuki, the managing director of the Tea Board of Kenya, said “The extra processing capacity will be available in the medium-term. There is a lot of movement in the industry in terms of people seeking to make new investment in all the key areas of production and packaging. We also have applications for inspection of five packaging facilities, which is good news in terms of value addition…We believe value addition means higher returns and we hope the government both at county and the national level will support all initiatives aimed at achieving this goal…we […]

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