A United Arab Emirates (UAE) based firm has committed to retaining all 10,120 employees of Lipton Teas and Infusions Kenya and Limuru Tea as it acquires controlling stakes in the two tea firms from a British company, allaying fears of job losses.
The Competition Authority of Kenya (CAK) said UAE-incorporated B Commodities ME, which is a subsidiary of Sri Lanka’s Brown Investments PLC, has committed to preserving all the current jobs as it acquires 98.56 percent stake of Lipton Teas and Infusions Kenya and 51.99 interest in Limuru Tea.
