Persistent high production and a global
oversupply have pushed down the average tea prices for factories managed by
Kenya Tea Development Agency (KTDA) to Ksh.239.35 ($2.22) in the nine months to
March 2021, a 12 percent drop.
According to KTDA, the average price
dropped from Ksh.271.70 ($2.52) for a
Various types of tea being sorted at Gitugi Tea
Fedha, a non-deposit taking micro-finance service subsidiary of the Kenya Tea
Development Agency, is set to commence biometric registration of its customers.
service will be applied to the firm’s over 160,000 customers, who are mainly
smallholders and tea farmers.
existing and potential GFL customers will be registered on the