KTDA Chairman Chege Kirundi during an interview at Majani Plaza along Koinange Street on March 19, 2025. [Standard, Kanyiri Wahito]

The Kenya Tea Development Agency (KTDA) has dismissed allegations of financial mismanagement, insisting that all commodity loans flagged by the regulator were fully cleared as of September 2025, while long-term inter-factory borrowings remain under structured repayment schedules and within approved policy guidelines.

Responding to an audit report by the Tea Board of Kenya (TBK) that alleged KTDA-run factories owe more than Sh26 billion in improperly sanctioned loans, the agency said it had not officially received the audit findings and are willing to clarify any outstanding issues.

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The Kenya Tea Development Agency (KTDA) has dismissed allegations of financial mismanagement, insisting that all commodity loans flagged by the regulator were fully cleared as of September 2025, while long-term inter-factory borrowings remain under structured repayment schedules and within approved policy guidelines.

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Published Date: 2025-12-10 16:15:49
Author:
By Brian Ngugi
Source: The Standard
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