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Forum => Kenya Discussion => Topic started by: RV Pundit on August 12, 2021, 09:37:29 AM

Title: Long overdue - Tea multinational to pay market rate lease
Post by: RV Pundit on August 12, 2021, 09:37:29 AM
They have been paying 100shs an acre since 1926.

It's pure baloney - these multinationals - should pay market rate - lease - for this community land.

https://www.businessdailyafrica.com/bd/news/counties/counties-push-land-rates-100-times-for-tea-firms-3507906

I doubt these figures though :)

The tea companies in Kericho County cover more than 500,000 acres of land ­ —about 300,000 acres in Nandi and more than 150,000 acres in Bomet.

Kericho land area itself is 600,000 acres, Bomet 400,000 acres - so not possible - looks like they added zero should be 50K, 30k and 15k respectively