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Multinational tea firms to pay higher land rates

PHOTO:STANDARD

The county government is set to slap higher land rates on multinational tea companies.

"For a long time, the land rates had been set at the minimal Sh22 per acre per year. However, we revised it upwards to Sh94 per acre per year. We now require a new evaluation mechanism in which the value of land, in terms of renting, is based on the current market land rates," Governor Paul Chepkwony said yesterday.

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