×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Read on the App

KTDA, StanChart in Sh3.5b finance deal

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.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in