What is the bonus of KTDA?
Kenya Tea Development Agency (KTDA) will pay farmers a mini bonus of Sh3 billion starting next month to mark one of the highest payments to be made in the last five years.
Is Ktda owned by the government?
Originally a parastatal agency established after independence to accelerate economic development and income growth for small farmers, KTDA is now a private company with small tea farmers as its shareholders. This unique ownership structure is at the core of the company’s inclusive business model.
What is the work of KTDA?
Kenya Tea Development Agency Holdings (KTDA) is a provider of comprehensive services to more than 600,000 small tea farmers such as agri-extension, transportation, processing, and marketing.
How are tea farmers get paid?
Bonus rates are determined by the factory’s income for the year, the quality of leaf delivered to the factory, the cost of production and the average price of tea that the factory fetched at the market. These costs are then deducted from the factory’s income and the balance paid to farmers as bonus.
Is there tea mini bonus this year?
Kenya Tea Development Authority will start paying mini bonus to its contracted farmers in April. KTDA chairman, David Ichoho confirmed that tea farmers will start receiving their July 2021 to December 2021 mini bonus totalling Sh3 billion from the first week of April.
What does KTDA stand for?
KTDA stands for Kenya Tea Development Agency and is the leading producer of black tea in the country, accounting for over 60 per cent of the total tea produced.
How many tea factories are there in Kenya?
Kenya Tea Development Agency (KTDA) Ltd. Spread in all tea growing districts, the smallholder sub-sector accounts for over 60 per cent of total production from 54 registered tea factories serving over 400,000 growers.
What month is tea bonus?
March
KTDA chairman, David Ichoho confirmed that tea farmers will start receiving their July 2021 to December 2021 mini bonus totalling Sh3 billion from the first week of April. “The bonus will be paid together with the monthly payment for the tea delivered in March,” he said.
Has tea bonus been released?
The second payment which is popularly known as a bonus has been released following the conclusion of meetings by factory directors from the 54 KTDA-managed factories. Kenya Tea Development Agency Management Services Limited (KTDA-MS) has released Sh21.