• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Saturday, April 17, 2021
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Personal Finance
    • Technology
    • Startups
  • Podcast
  • Videos
  • Events
  • Blockchain & Digital Currencies
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Tea Bill to Guarantee Farmers Payments Within 14 Days after Auction

Mwakaneno GakwelibyMwakaneno Gakweli
December 23, 2020
in Agriculture, Public Policy
Reading Time: 2min read
Kenya’s H1 Tea Export Earnings Jump to KSh 69 Billion

Senate recently approved the 2018 Tea Bill, which seeks to bring team farmers changes, including timely payments and less exploitation by go-betweens. The bill, approved on Monday, is expected to bring many benefits to tea farmers, including fewer brokers and faster payments.

Farmers will access up to 50% payment within 14 days after an auction, whereas the remaining amount will come at the end of the year.

Once assented by the president, the bill will decentralize management from the Kenya Tea Development Agency, giving factories control over their accounts.

ADVERTISEMENT

The Tea bill will also reestablish the Kenya Tea Board, which will ease exploitation by brokers. The Tea Board will monitor and license agencies involved in the buying and selling of tea. It will also ensure that farmers’ management fees and levies by factories and brokers are known and fixed.

The bill’s enactment will ensure that only tea factories with 100 acres under tea bushes will be given licenses to operate. The bill will also allow the formation of the Tea Research Foundation to improve both the quality and quantity of the cash crops.

READ ALSO: KTDA Declared Dividends Jump by 15% to Ksh 734 Million



Hisa App
Previous Post

Kenya’s Parliament nods Bill to hike VAT, Individual and Corporate tax in 2021

Next Post

NSE turnover drops 52% to KSh 228.6 Million

Related Posts

Kenya Resumes Avocado Exports

Kenya Resumes Avocado Exports

April 14, 2021
Family Bank Group Net Earnings up 22.4% to KSh 1.2 Billion

Family Bank to Disburse KSh 500 Million to Agri-businesses

April 12, 2021

Kenya’s Flower Exports Recover to 97% – CBK

April 12, 2021

Tea Auction Records a Stagnation in Prices

April 12, 2021

US Issues Level 4 Travel Advisory Against Kenya

April 8, 2021

Kenya Plans KSh 36 Billion Rescue Package for Loss-Making State-Owned Entities

April 7, 2021

Prices Continue to Fall at Weekly Tea Auction

April 6, 2021

Kenyan Travellers Added to UK COVID-19 Red List

April 3, 2021
Load More
Next Post

NSE turnover drops 52% to KSh 228.6 Million

Follow Us

  • 7.2k Fans
  • 115k Followers
  • 453 Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

Apr
20
Tue
all-day NCBA Group Plc Books Closure
NCBA Group Plc Books Closure
Apr 20 all-day
 
Apr
22
Thu
all-day KenGen Co. Plc Books Closure
KenGen Co. Plc Books Closure
Apr 22 all-day
 
Apr
26
Mon
all-day KCB Group PLC Books Closure
KCB Group PLC Books Closure
Apr 26 all-day
 
Apr
27
Tue
all-day Standard Chartered Bank Kenya Pl...
Standard Chartered Bank Kenya Pl...
Apr 27 all-day
 
Apr
30
Fri
all-day ILAM Fahari I-REIT Dividend Payment
ILAM Fahari I-REIT Dividend Payment
Apr 30 all-day
Dividend of KES 0.60
May
12
Wed
all-day B.A.T Kenya Plc Dividend Payment
B.A.T Kenya Plc Dividend Payment
May 12 all-day
Dividend of KES 41.50
View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

Angaza Awards Top 10

Introducing The Top 10 Women Shaping the Region’s Banking and Finance Sector

April 6, 2021
Dan Aceda On Spotify

Spotify and The Business of Music in Kenya

March 16, 2021
Gamestop

Can the Gamestop Situation Happen in Kenya?

February 21, 2021
Hisa App

Announcing Hisa App Public Beta Launch

February 20, 2021
Absa Kenya CEO Jeremy Awori

Absa Marks One Year Since Transition, Commits KSh1.6 Billion into Digital Products

February 11, 2021

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Global Markets
    • Healthcare
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?