In a historic landmark move, Browns Investments, the prominent Sri Lankan company, solidified its presence in Kenya by officially acquiring James Finlays’ extensive tea plantations spanning 12,000 hectares in Kericho, Kenya yesterday.
This strategic acquisition signifies Browns Investments’ bold foray into the Kenyan market, making it the largest Sri Lankan company investment in the country to date. The move is poised to have a significant impact on the tea industry in the region, bringing together the expertise of both entities to foster growth and innovation.
The transfer of ownership was marked by a ceremony attended by Chairman Browns Investments Kamantha Amarasekera, Governor of Bomet County, Prof. Hilary Barchok Management headed by the Chairman of James Finlays Philippe de Gentile Williams and the High Commissioner of Kenya, Dr. Kana V Kananathan.
As Browns Investments takes the reins of James Finlays’ tea plantations, High Commissioner Kananathan and Kamantha Amarasekera, Chairman of Browns Investments PLC met Kenyan President Dr. William Ruto recently and briefed him on the new investments. Highlighting the strategic importance of this acquisition, Browns Investments Chairman, Amarasekera noted the potential for growth and positive impact on the local economy. The synergy between Browns and James Finlay’s is expected to bring innovation and expertise to the tea industry in the region, reflecting the commitment of Browns Investments to global expansion and collaboration.
High Commissioner Kananathan lauded Brown’s Investments for their substantial and invaluable contributions to Kenya’s economic landscape. Particularly, he acknowledged the group’s substantial investments, in Africa recognizing the positive influence on the local community and broader African society.
The High Commissioner also paid tribute to the legacy of James Finlays, describing them as renowned tea magnates with a tradition of excellence spanning decades.
