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Kenya's tea industry generated US$1.93 B in 2024
Kenya’s tea production saw a notable increase in 2024, rising to 598 million kilograms, up from 570 million kilograms in the previous year.
Tea exports contributed Kes 215 billion(US$1.66B), while local sales accounted for Kes 18 billion (US$139.26M). Additionally, Kes18 billion came from committed tea sales.
Pakistan remains the largest importer of Kenyan tea, followed by Egypt, the U.K., and the U.A.E.
To address market challenges, factories were also encouraged to enhance tea quality, and directors were tasked with working closely with brokers to establish competitive pricing
strategies.
To further strengthen the tea sector, the government pledged to review levies and taxes on tea, aiming to promote value addition industries.Financialassistancewasalsocommittedtohelpolderfactoriesupgrade their operations.
Source: Africa Business News (Extracts), Courtesy: Tea Exporters’ Association Sri Lanka
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Forbes & Walker was set up in 1881 as a partnership between James Forbes and Chapmen Walker. Although there is no actual record of the date on which it was established the very first cash book, still in the possession of the Finance Director, indicates the brokerages were earned from 1st August 1881. In Sir Thomas Villiers' book “Mercantile Lore” the date of establishment of Forbes & Walker has been put down Read More...