×
The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Nairobi; Kenya: Kenya’s tea industry, the country’s largest foreign-exchange earner, is being stymied by tax levies and a failure to develop foreign markets, the East African Tea Trade Association said.
The average auction price of Kenyan tea has declined 40 per cent this year amid a steep rise in production and stagnant growth in new markets, the Mombasa-based association said in a report e-mailed by its office that was presented to Kenya’s Senate last week. Value-added tax has reduced domestic consumption, while a levy on tea imports and exports that’s equal to 1 per cent of customs value has imposed extra expenses and bureaucracy, it said.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join