Tea management review to save Kenyan farmers US$5.8m yearly

1.5pc, a move that could give back the 8 million tea farmers over KES800 million (US$5.8m) charged by the MS every year.

The term for services offered by the KTDA-MS such as production, transportation, marketing, and management of accounts, among others has also been reduced from the current 10 years to 5 years, which is expected to enhance the accountability of the management agency.

In addition, there will be enhanced respect for farmers during and after the collection of their tea leaves and improved services in the collection of the produce from buying centers.

factories for the benefit of tea farmers.

Their spokesperson, John Mithamo, noted that the agency pays dividends to factories, and farmers will lose and may be subjected to unnecessary procedural management of their money if one percent of their sales went to other parties.

KENYA – Tea farmers in Kenya anticipate earning more from the sector following the completion of negotiations to review management agreements between smallholder tea factories and KTDA Management Service LTD.

Under the new management agreement, charges have been reduced from the current 2.5pc to

According to KTDA chairman David Ichoho, tea farmers are significant economic pillars, and as such, more efforts are being put towards supporting the empowerment and improved returns for the farmers.

He noted that the review of the management agreements hopes to remedy the relationship between the parties involved in the tea sector and improve the management of tea

Nestle appoints new Chief Financial Officer as François-Xavier Roger steps down

USA – Nestlé has appointed Anna Manz as the company’s new Chief Financial Officer (CFO) after FrançoisXavier Roger stepped down from the position.

In the company’s press release, François-Xavier Roger, Executive Vice President, and Chief Financial Officer, who has served in the company for 8 years decided to step down and pursue new professional line .

According to the CEO Mark Schneider, François has played a great role in shaping and implementing the company’s value creation strategy enabling it to steer through a very turbulent macroeconomic environment.

Anna Manz, who is currently the Chief Financial Officer and a member of the Board for the London Stock Exchange Group (LSEG), will join Nestlé as CFO as soon as she is released from her present duties.

To ensure a smooth transition François-Xavier Roger will remain in his role until Anna Manz arrives where she will also become a member of the Executive Board of Nestlé S.A. as an Executive Vice President.