Tea Farmers |
Small-scale tea
farmers started receiving Sh42 billion payment popularly known as bonus
Tuesday following a two-day delay occasioned by impromptu holidays last
week.
The Kenya Tea
Development Agency (KTDA) managing director Lerionka Tiampati confirmed
that over 600,000 growers affiliated to the firm had the money wired to
their accounts starting yesterday. KTDA is the management agent for the
factories.
Last week, the
government gazetted two holidays, Wednesday and Thursday, to enable
Kenyans take part in the repeat presidential election on October 26.
"The holidays created a bit of delay because banks were not operational on those two days," Mr Tiampati said in an interview.
The growers will earn the Sh42 billion, which is lower by Sh2 billion compared with a record high of Sh44 billion last year.
Industry report
from KTDA indicates that farmers will get 76 per cent of the Sh78
billion turnover realised in the current financial year up from 75 per
cent in 2016, reflecting improved operational efficiency.
Small-scale
farmers' earnings dropped by four per cent from Sh84 billion last year
on account of drought that cut production by 20 per cent.
The record earnings
in the 2015/2016 financial year was attributed to increased sales
volume that stood at 272 million kilos compared with 233 million kilos
registered in the current financial year.
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