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Listed agriculture firm Williamson Tea’s share gained by nearly six percent on Friday after the firm announced it will double its dividend.

Agricultural companies have the worst corporate governance record among listed companies, a new report by the Capital Markets Authority (CMA) has said.

Farmers replace property developers as biggest loan defaulters in Covid-19 era Summary About 23.67 percent of outstanding Sh109 billion loans advanced to the sector were not being serviced as of the end of March compared to 16.03 percent a year earlier, making it the sector with the highest non-performing loans (NPL) ratio. Agriculture’s NPL ratio marginally zoomed past building and construction (23.52 percent) and trade (19.14 percent) sectors, latest Central Bank of Kenya industry statistics shows. Analysts attribute the elevated defaults on loan repayments in agriculture to depressed dem...

THE STANDARD By Macharia Kamau | March 4th 2021 at 00:00:00 GMT +0300 The move is expected to help tea factories cut nearly 50 per cent of their power bills. [Courtesy] Kenya Power is expected to feel the heat as more firms switch to solar to cut electricity bills. Barely do weeks lapse without a company applying for a licence to generate its power using solar. The firms then sell the excess electricity to Kenya Power. The latest firm seeking to lower power bills is the Kenya Tea Development Agency (KTDA), which plans to install solar power generators in its 29 factories. The move is expec...

In Kenya, women bear the brunt as mechanisation wipes out tea sector jobs Workers pick tea leaves on a Unilever tea plantation in Kericho, Kenya. (Alamy/Jake Lyell ) (Alamy/Jake Lyell ) On a cool Tuesday evening in Kapkugerwet village in Kenya’s Kericho County, Lucy Cheres puts a tea basket on her hunched back and heads out to the small tea farm in front of her house. There, she starts plucking tea leaves for the next day’s sale. It is an art she has perfected after 15 years of working as a casual labourer at a nearby tea plantation owned by the British-Dutch consumer goods conglomerate U...