Boost as Rwanda's tea giant trades through Mombasa auction

Business
By Joackim Bwana | Jun 16, 2024
Lipton Teas and Infusions Head of Tea Plantations Africa Sylvia-Ten Den (left) launches Kibeho Garden Mark tea at the Mombasa auction. [Courtesy]

Rwandan tea giant Kibeho Garden Mark has started selling its leaves through the Mombasa Tea Auction.

On Friday, Trade and Industry Cabinet Secretary Rebecca Miano said Kibeho Garden Mark, through Lipton Teas and Infusion Ltd, will facilitate cross-border trade and create opportunities for industry players in Mombasa.

The CS said the Rwandan tea will benefit farmers, transporters, traders, and exporters within the tea supply chain, fostering economic growth and development across our nations.

"Kenya prides itself as one of the world's leading tea producers. Our tea industry contributes significantly to the economy with tea exports accounting for 23 per cent of total export earnings and employing over three million people directly and indirectly," said Miano.

The CS, represented by Export Processing Zones Authority Head of Coast and North Eastern region, Francis Itegi, said the collaboration between Kenya and Rwanda in promoting sustainable tea farming is crucial.

Lipton Teas and Infusions Head of Tea Plantations Africa Sylvia-Ten Den said the trading through the Mombasa Tea Auction will give them a competitive advantage as they introduce high-quality tea into the market.

Den said that in less than a week, tea from the Kibeho Factory will officially be sold at the Mombasa Tea Auction. She said their target market is the United Kingdom and Pakistan.

East African Tea Traders Chair Peter Kimanga said the Mombasa Tea Auction has been struggling with quality teas that fetch lower prices on the global market. [Joackim Bwana]

Share this story
Kenya tightens grip on crypto with Sh500m capital rule
Kenya plans to tighten the regulation of cryptocurrencies by requiring virtual asset service providers to meet high capital and licensing thresholds under the new VASP framework.
New law aims to protect internal auditors, strengthen public oversight
Kenya is on track to enact a landmark Internal Auditors Act, designed to shield the profession from litigation, and executive interference, while strengthening public-sector accountability.
Ruto launches Sh5.5 billion plan to revamp Voi-Taveta metre gauge railway
President William Ruto has launched the rehabilitation of the Voi-Mwatate-Taveta railway line that ceased operations nearly 20 years ago.
Why underwriting is shifting as risk grows more complex
The significant shift in underwriting today is the move from a reactive, backward-looking function to a predictive discipline, that anticipates emerging risks and helps businesses build resilience.
World Bank approves Sh71 billion for Isiolo-Mandera road construction
The World Bank has approved Sh71 billion loan for the development of the Isiolo-Mandera road corridor.
.
RECOMMENDED NEWS