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{
    "id": 499814,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/499814/?format=api",
    "text_counter": 75,
    "type": "speech",
    "speaker_name": "November 12, 2014 SENATE DEBATES 8 Sen. Murungi",
    "speaker_title": "",
    "speaker": null,
    "content": "Thank you, Mr. Speaker, Sir. The Senator for Bomet County, Sen. (Prof) Lesan, requested a response from us in the following statement. He needed a response on the status of the second payment of the proceeds from the sale of green tea, commonly known as the “bonus”. Number two, on the e-trade, which is now an accepted mode of trading in auctions internationally. Three, he wanted the Committee to indicate the number of directors in all the 66 tea factories, showing their total emoluments for the year 2012/2013. Mr. Speaker, Sir, we have contacted the CS for Agriculture, Livestock and Fisheries and we wish to give the following response. Regarding question number one, we would like to respond as follows: The mini bonus is the interim second payment which is based on six months crop deliveries of tea. The directors of the factories could resolve to pay a mini bonus that ranges from zero to Kshs5 per kilogramme of green tea. The resolution to pay the mini bonus is a decision of each individual factory and is largely guided by a combination of the following factors: 1. Performance and cash flows of the respective factories at the time of the payment; 2. The factory tradition and precedence as approved by the shareholders of each tea factory; and, 3. Kisii and Nyamira resolved to stop paying mini bonuses in 2008 so as to maximize what is payable to growers during the final bonus payout. Regarding second question, which is on the e-trade at the auction, the Mombasa Tea Auction is run and managed by the East Africa Tea Traders Association (EATTA). Any initiative at the auction will be spearheaded by the EATTA in consultation with other stakeholders such as producers, buyers, brokers, packers, wells men and blenders of tea. The Kenya Tea Development Agency (KTDA) has taken a hind row in adoption of electronic billboard system through which it has brought efficiency at the auction especially in tea tracking, prompt payments and credit mitigation. In partnership with commercial banks, the KTDA has developed a mass payment system that ensures over 600,000 farmers in this country receive their payments, which can be processed even within a day. Mr. Speaker, Sir, on the third question, which is on the number of directors and their emoluments in 2012/2013, there are 54 parent companies each with seven directors who were elected by shareholders. Each of the seven directors is entitled to an annual gross emolument of Kshs161,268 per year. This is paid out at a quarterly gross of Kshs40,317. This totals to a gross of KShs1,128,876 per factory for the 54 company factories for the Financial Year 2012/2013. Thank you Mr. Speaker, Sir."
}