Global Tea and Commodities whose brands include Kericho Gold and Bahari Chai has received Ksh 400 million financing from the International Finance Corporation in partnership with the Global Agriculture and Food Security Programme.
The company plans to increase packaging capacity at its factory in Kenya in addition to sourcing an additional 5,000 tonnes of tea from farmers and local factories directly and via auction. The company will also use the funds to expand its operations in Malawi by planting more macadamia trees, replanting existing coffee plantations and developing a coffee out-grower programme to support 3,300 smallholder farmers.
Global Tea & Commodities Ltd is one of the fastest growing, fully integrated tea, coffee and macadamia nut companies offering a range of services at all stages of the supply chain. With sales in excess of US $130 million, handling over 55 million kilos of tea annually, Global Tea currently employs over 10,400 people worldwide and is the United Kingdom’s largest independent tea company.
The company’s plantations in Malawi produce the finest range of tea and coffee and are one of the largest producer of macadamia nuts in Africa.