Tea Farmers to Receive KSh2.65B Recovered from Collapsed Banks

The money, recovered from Chase Bank and Imperial Bank that collapsed with farmers' funds five years ago, is now being returned to tea growers across the country. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..

✨ Key Highlights

President William Ruto has overseen the recovery and return of KSh2.65 billion to Kenya Tea Development Authority (KTDA) from the collapsed Chase Bank and Imperial Bank. This money is designated for over 600,000 tea farmers who lost funds five years ago.

The recovered funds total KSh2.65 billion.
President Ruto instructed KTDA managers to ensure the money directly reaches the farmers.
Tea earnings increased from KSh138 billion in 2022 to KSh215 billion last year, with a projection to reach KSh280 billion by 2027.