• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

KTDA, StanChart in Sh3.5b finance deal : The Standard

Kenyan Business Feed by Kenyan Business Feed
Share on FacebookShare on Twitter

[ad_1]

KTDA Group CEO, Lerionka Tiampati (centre) exchanges documents with Standard Chartered Bank CEO, Kariuki Ngari, upon signing of the agreement in Nairobi today. Looking on is KTDA Finance Director, Benson Ngari. (Standard)

Kenya Tea Development Agency (KTDA) yesterday signed a Sh3.5 billion financing deal with Standard Chartered Bank Kenya for the purchase of fertiliser, in what is a big win for over 650,000 farmers.

The deal will see KTDA supply the tea farmers spread across the country with 95,000 tonnes of fertiliser to boost yields at a time when global prices of the commodity are plummeting.
Speaking during the signing ceremony, KTDA Group Chief Executive Lerionka Tiampati said the deal will help farmers access affordable fertiliser that will go towards improving the quality and yield of their tea.
“We are pleased to be signing this partnership with Standard Chartered Bank as it will enable us acquire fertiliser which will be distributed to our farmers at the most competitive rates we can obtain,” he said.
“The fertiliser will assist farmers improve the yield and quality of their green leaf.”
Global prices for tea have been on a free-fall for the past one year, and an increase in yields might compensate for the loss in price.
Tea production for the month of March 2019 decreased to 26.46 million kilogrammes compared to 30.98 million recorded during the corresponding month of 2018, according to the Tea Directorate.
“Lower production was largely attributed to drier weather conditions and delayed onset of long rains’ season experienced in all the tea growing areas during the period up to March,” said the directorate.
Standard Chartered Bank Kenya Chief Executive Kariuki Ngari said the deal was in line with the lender’s strategy of providing tailor-made solutions to its clients.
“We are delighted to be announcing this partnership with KTDA as it seeks to provide affordable fertiliser to its members. Tea is a key export sector that earns the country much needed foreign exchange,” he said.
“Standard Chartered Bank is therefore at the forefront of driving agriculture through corporates like KTDA and hence bringing prosperity to farmers.”
Last year, through a similar arrangement, KTDA procured and distributed fertiliser to farmers at Sh1,774 per 50kg bag against the prevailing market price of Sh2,700.

For the latest news in entertainment check out Sde.co.ke and Pulser.co.ke , for everything sports visit Gameyetu.co.ke and ladies we have you covered on Evewoman

Related Topics

Kenya Tea Development AgencyStandard Chartered Bank KenyaChief Executive Lerionka TiampatiGlobal prices



[ad_2]

Source link


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Kenyan Business Feed

Kenyan Business Feed

Recommended.

Suspect in Murang’a prison warder Pauline Wangari’s death hospitalised

May 18, 2019
Ex-Speakers to get Sh120m on top of retirement perks

Ex-Speakers to get Sh120m on top of retirement perks

June 7, 2019

Subscribe.

Trending.

Kenya and Uganda launch regional tourism partnership blending coast, safari, and adventure experiences under one East African brand.

Kenya and Uganda Forge Joint Tourism Strategy Targeting 1.4 Million Intra-African Visitors

October 28, 2025
Co-operative Bank of Kenya wins the 2025 Global SME Finance “Product Innovation of the Year (Africa)” award for its full-spectrum MSME financing strategy, including Ksh 77 billion in digital credit via M-Coop Cash, innovative stock financing solutions, and gender-focused credit guarantees that empower over 235,000 small businesses nationwide.

Co-op Bank Wins Africa Product Innovation Award for Innovative Approach to MSME Financing

October 23, 2025
Safaricom honours Raila Odinga’s role in advancing technology, Vision 2030, and democratic reforms as business leaders reflect on his enduring impact.

Safaricom Pays Tribute to Raila Odinga’s Enduring National Legacy

October 23, 2025
Kenya has been ranked the world’s friendliest country in the 2025 Condé Nast Traveller Readers’ Choice Awards, earning a 98.46 score and surpassing Barbados and Mexico.

Kenya Ranked World’s Friendliest Country in 2025 Condé Nast Traveller Awards

October 28, 2025
Over 1,000 women gain access to comprehensive fistula treatment, counselling, and rehabilitation services through the M-PESA Foundation’s integrated medical camp in Migori.

M-PESA Foundation Provides Fistula Surgery and Reintegration Services in Migori

October 23, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1804 shares
    Share 750 Tweet 439

Recent News

Tourism CS Rebecca Miano joins First Lady Rachel Ruto in Nakuru for the Third Edition of the First Lady’s Mazingira Awards (FLAMA), celebrating over 2,400 youth-led projects that promote environmental conservation and innovation across Kenya.

Tourism CS Rebecca Miano and First Lady Rachel Ruto Honour Young Environmental Champions at FLAMA 2025

October 28, 2025
Kenya and Uganda launch regional tourism partnership blending coast, safari, and adventure experiences under one East African brand.

Kenya and Uganda Forge Joint Tourism Strategy Targeting 1.4 Million Intra-African Visitors

October 28, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF