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KTDA opposes proposed 1% levy
The Kenya Tea Development Agency (KTDA) has opposed a proposed 1% levy on tea sales, warning thatthe move would further strain smallholder farmers.The levy, introduced under the Tea (Amendment) Bill, 2023, mandates farmers to remit one per cent oftheir tea earnings to the Kenya Revenue Authority (KRA).
The Kenyan tea industry supports over 650,000 smallholder farmers andmillions more across the value chain. It remains a top foreign exchangeearner for the country.KTDA emphasized its commitment to improving returns throughbetter governance, sustainable practices, and innovation.
This development follows the recent introduction of a 4% Sugar Development Levy imposed on millers and importers by the Ministry of Agriculture.
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...