The Lower Eastern Times Opening The Third Eye
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The Ministry of Agriculture and Livestock Development has instructed the Tea Board of Kenya to carry out a full audit of loans taken by tea factories managed under the Kenya Tea Development Agency (KTDA).
In a letter addressed to Tea Board CEO Willy Mutai, Agriculture Principal Secretary Dr. Kipronoh Ronoh said the directive follows rising complaints from farmers about reduced bonus payments announced by KTDA factories for the current financial year.
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According to the ministry, the audit will scrutinize the factories’ financial management and debt obligations, including the total loans borrowed, their purpose, terms and conditions, and the remaining balances.
The review aims to help the government assess the financial health and sustainability of the factories and develop measures to stabilize the tea sector.
The Tea Board has 14 days to submit a comprehensive report to the ministry with its findings and recommendations.
