| dc.description.abstract | The Kenya Tea Development Authority is a statutory
body established by the Agriculture (Kenya Tea Development
Authority) Order, 1964. The Order provides that Kenya Tea
Development Authority will acquire, operate or establish or
enter into agreement for the establishment of tea processing
factories; it will promote, finance and control the development
of tea grown by smallholders and subscribe for shares in
any company incorporated in Kenya for the purpose of
processing and marketing tea. In pursuance of this objective,
Kenya Tea Development Authority with the aid of loans from
the World Bank, Commonwealth Development Corporation and
other lenders, has developed smallholder tea industry in
the Republic's districts of Kiambu, Murang'a, Nyeri,
Kirinyaga, Embu, Meru, Kisii, Kericho, Nandi, Kakamega
and Kitale; and has established processing factories in
nine of these districts.
The Authority has now successfully negotiated with the
International Bank for Reconstruction and Development for
a loan of U.S. $10,400,000 (equivalent to K£3,714,287)
for the Tea Factory Project. This loan constitutes part of
the funds required for the Project. The balance will
partly be covered by a loan from the Commonwealth
Development Corporation (a guarantee for which a separate
Sessional Paper has been prepared) and the rest from the
Kenya Government. | en |
