Kenya Tea Development Agency (KTDA) Holdings has announced
the highest dividend in the history of its operations.
In a press statement released on Tuesday, KTDA announced a
dividend of Sh1,042,960,800.
The dividends are payable to farmers through their factories
who are the 54 corporate shareholders of KTDA Holdings Ltd.
The dividends are derived from the profits made by KTDA
Holdings and its subsidiaries which include, KTDA MS, KTDA Power, Majani
Insurance Brokers, Greenland Fedha, Chai Trading and Warehousing, TEMEC, chai
Logistics and KETEPA.
“This financial year also marked the highest amount of money
paid to the tea farmers under KTDA management as they earned a whopping Sh89.21
billion compared to Sh68.22 billion last year,” KTDA revealed.
KTDA Holdings Nation Chairman Enos Njeru reiterated the
importance of adopting strategies that will increase the farmers' earnings
benefiting them directly.
“Our focus is to ensure that every decision and strategy we
adopt directly benefits our farmers by increasing their earnings, reducing
costs, and improving overall efficiency in the tea value chain where the
farmers have invested,” Njeru said.
KTDA group CEO Wilson Muthaura added that KTDA will continue
to invest in new technologies and innovations to improve operational
efficiency.
The national chairman applauded continued government support, especially on fertilizer subsidy which saw farmers save Sh900 per bag of 50kg
of fertilizer this year.