Browns Investments, an investment holding company headquartered in Colombo, Sri Lanka, has made a significant stride in the East African tea market through the acquisition of Lipton Teas and Infusions’ estates in Kenya, Rwanda, and Tanzania. This strategic expansion beyond their Colombo base marks a notable move for Browns Investments, positioning it as a key player in Africa’s tea-producing regions. The acquisition, pending regulatory approval, includes not only Lipton’s tea estates but also its subsidiaries in Rwanda and Tanzania. Noteworthy is Browns Investments’ commitment to community welfare and sustainable practices, evidenced by granting a 15 percent stake in the acquired company to local communities in Bomet and Kericho, where the estates are situated. Additionally, Browns Investments plans to establish a Community Welfare Trust with an initial investment of 1 billion Kenyan shillings ($8 million) to address local challenges, demonstrating its dedication to industry standards and sustainable practices across global operations.
Lipton Kenya Estates, with eleven plantations and eight factories across Bomet, Kericho, and Kiambu counties, holds a significant position in the East African tea sector. This acquisition not only strengthens Browns Investments’ foothold in the global tea market but also underscores its commitment to sustainability and community development, poised to leave a lasting impact on the industry.