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Published Nov 26, 2022
Former officials plan to takeover KTDA signalling failed reforms thanks to greed by new directors
KTDA The reforms initiated at the Kenya Tea Development Agency Limited (KTDA) by Uhuru Kenyatta’s regime has now collapsed. Former KTDA officials from the Mt Kenya region, who were ousted from office, have accused the current directors of further indebting factories through bloated expenses. They say that the new di
KTDA
The reforms initiated at the Kenya Tea Development Agency Limited (KTDA) by Uhuru Kenyatta’s regime has now collapsed.
Former KTDA officials from the Mt Kenya region, who were ousted from office, have accused the current directors of further indebting factories through bloated expenses.
They say that the new directors appointed to reform KTDA have drastically increased their expenses in many of the factories from between Sh8 million to Sh12 Million annually. This they say has increased the debts the factories owe.
“The tea factories that used to generate billions of shillings have now been run down by debts,” Prof Johnson Kang’ethe, the leader of the ousted directors from Mt Kenya said.
Prof Kang’ethe and his counterpart Francis Macharia reveal that the factories are now indebted to a tune of Sh18 billion following the unexplained expenses.
He added that the move will likely have them taken into receivership over the huge loans.