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Weak shilling lifts tea earnings by Sh5 billion
Chai Trading Company general manager Francis Muthamia shows members of parliamentary Committee on Delagation and Legislation how the tea auction is conducted online on October 5, 2020. PHOTO | LABAN WALLOGA | NMG
Farmers earned Sh5 billion more from the sale of tea in eight months to August on the back of a strong dollar and an increase in unit price, defying a 22 percent decline in export volumes by Kenya’s top buyers of the beverage.
The tea directorate says the earnings from export rose to Sh88 billion in the review period from Sh83 billion a year earlier.
