Without auction, tea traders left with $250m hole

Traders at the East Africa Tea Trade Auction in Mombasa on Kenya’s Coast. PHOTO FILE | NATION

The region’s tea sector stands to lose more than $250 million weekly occasioned by the suspension of the weekly Mombasa tea auction.

East Africa Tea Traders Association (EATTA) managing director Edward Mudibo said the decision was taken in response to the Covid-19 pandemic.