KTDA shareholders elect new Directors
The Kenya Tea Development Agency (KTDA) has announced its new directors after elections were held on Saturday.
According to KTDA Holdings Limited Board Chairperson David Muni Ichobo, the virtual polls took place during an Extra-Ordinary General Meeting that was held by the agency’s shareholders.
The new directors are:
-Michael Kamau Ngatia
-Paul Mwangi Kagema
-David Muni Ichobo
-Enos Njiru Njeru
-John Mithamo Wasusana
-Geoffrey Chege Kirundi
-Abungana K. Khasiani
-Erick Kipeyegon Chepkwony
-Thaddeus Mose Mangenya
-James Ombasa Omweno
-Wesly Cheruiyot Koech
-Baptista Muriki Kanyaru
“You are hereby instructed to accord full recognition and corporation to the new board as it takes over the management of the group,” said KTDA Chairman David Muni Ichobo.
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The new directors come in office one month after KTDA resolved to allow individual smallholder tea farmers affiliated with KTDA to own direct shareholding of the company alongside their respective 54 tea factory companies to cement their ownership and proprietorship in the organization.
This followed the resolutions of the KTDA shareholders, at a Special General Meeting (SGM) held in April to amend the company’s articles of association.
It is meant to enable the allotment of the company’s shares to individual farmers under a new category of shareholders known as “tea farmers.”
Under changes described as a significant milestone in the governance of the Kenyan smallholder tea industry, each of the 54 tea factory companies, through their respective portions of their 5 million bonus share issue, assigned their shares to their tea farmers, completing the passage to having the tea farmers become direct owners in KTDA.