Agency grants new company licence to process and export purple tea

KENYA – The Tea Directorate of the Agriculture and Food Authority has licensed Horera Forest Edge Tea Company to manufacture, pack and export purple tea products. Horera Forest Edge Tea Company, founded by Robert Murimi, joins […]

Ugandan government to invest US$6.24m in Mabale tea factory

UGANDA – The government is set to invest US$6.24 million (UGX23 billon) in Mabale tea factory to revive operations of the company. According to Finance Minister, Matia Kasaija the government will invest the proceeds in […]

Kenya’s tea producer Kericho Gold receives Superbrands status

KENYA – Kericho Gold, one of the leading privately owned tea producers in Kenya, has been awarded the Superbrands Seal for the company’s quality variety of tea leaves. Awarded by Superbrands East Africa, the seal […]

Zimbabwe’s Ariston Holdings sustains growth momentum as revenue increase 50%

ZIMBABWE – Ariston Holdings Limited, a diversified agricultural firm in Zimbabwe, is upbeat of maintaining a growth trajectory in the second half of the current financial year following a 50% growth in revenues for the […]

Olam International prices US$120 million US debt private placement

SINGAPORE – Olam International has announced that its wholly-owned subsidiary Olam Americas Inc. (“OAI”) has successfully priced a US$120 million issuance of 5-year fixed rate notes via a private placement. According to the company, proceeds […]

Kenyan tea agency secures US$10m credit facility to improve trading operations

KENYA – The Kenya Tea Development Agency Holdings (KTDA) has secured a US$10 million (Sh1 billion) credit facility from the International Finance Corporation (IFC) to help the agricultural firm improve its tea trading operations. The […]

Tea Board of India calls for compliance with safety standards to boost quality

INDIA – The Tea Board of India has directed all tea manufacturing units to comply with norms stipulated by the Food Safety and Standards Authority of India (FSSAI) in a bid to boost tea quality. […]