Kawambwa tea outgrowers seek long-term financing
Published On February 22, 2024 » 816 Views» By Times Reporter » Business, Stories
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By CHATULA KANGALI –
THE Kawambwa Tea Outgrower Association is seeking long-term financing for the expansion of tea production in Kawambwa.
Association president Wiza Sindazi says tea is an expensive venture and that farmers need long-term financing.
Mr Sindazi said in an interview that tea farmers are unable to borrow money from financial institutions because they offer short-term financing.
He said to cultivate one hectare of tea, one needed to buy seedlings worth K40, 000 and needed additional funds for labour and other requirements.
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