Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Tea companies cut investments over land lease fears
Workers at a tea processing factory in Nyeri. Tea multinationals are withholding investments due to uncertainty over their land leases after the change in the supreme law reduced their ownership from 999 years to 99 years. PHOTO | FILE
Tea multinationals are withholding investments due to uncertainty over their land leases after the change in the supreme law reduced their ownership from 999 years to 99 years.
The Kenya Tea Growers Association (KTGA) chief executive Apollo Kiarie yesterday said large-scale investors who currently account for about 40 per cent of Kenya’s total tea production are anxious over the future of their enterprises since county governments have publicly opposed renewal of their leases.
