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Restore Original Mandate of KTDA,CS Munya

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Restore Original Mandate of KTDA,CS Munya

Agriculture CS Peter Munya

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Agriculture Cabinet Secretary Peter Munya has called upon the new Kenya Tea Development Agency (KTDA) Holdings Board to serve the interests of farmers.

As well as deliver value to shareholders.

The Cs also urge the KTDA to move with speed to execute actions and strategies that will accord farmers enhanced earnings.

As well as get the sub-sector back to a sustainability and profitability path.

Speaking at an induction ceremony for the new KTDA board at a Nairobi hotel Wednesday, CS Munya said the new Board has taken up the new leadership mantle against the backdrop of ongoing reforms.

According to CS Munya, there is an increase in expectation to refocus the tea business objectives to serve the interest of farmers.

It is important for you to recognize that you are taking up your responsibilities on the platform of reform and transformation amidst high expectations from the shareholders and farmers who for a long time have suffered in the hands of poor leadership.

he said.

He lauded the Government’s commitment to continue facilitating policy support in the sub-sector.

Government initiatives

Further, he cautions that the effectiveness of the Government’s support will only realize if there is reciprocation from stakeholders.

Additionally, he reassured the Authority of the Government’s support in facilitating policy support and promotion.

 As well as the marketing strategy through the Tea Board of Kenya. 

However, Government support will only make sense if KTDA Holdings Ltd, which has the mandate of managing tea for the smallholder sub-sector plays its part

he added.

The individual smallholder tea farmers affiliated with KTDA will now own direct shareholding of KTDA alongside their respective 54 tea factory companies.

To cement their ownership and proprietorship in the organization.

The reforms

This, prompted the resolutions of the KTDA shareholders, at a special general meeting held in April to amend the company’s articles of association.

To enable the allotment of the KTDA’s shares to individual farmers.

Under a new category of shareholders known as “tea farmers.”

Ordinary shares were assigned to farmers between OnJuly 1, 2019, and June 30, 2020, based on the leaf delivery supplied. 

 Nevertheless, voting for all company directors on the floor at the annual general meetings is another change passed on the Company’s articles.

The Agency began by implementing these changes by making an overhaul at the top by appointing 12 new directors after elections were held on June 20 this year.