Deal #5925

Location #1

Spatial accuracy level
Administrative region
Location
Kericho, Kenya

Target country
Kenya

Land area

Size under contract (leased or purchased area, in ha)
5000
Comment on land area
Another source states 10 000ha (http://worldteanews.com/tea-estate-and-garden-profiles/james-finlays-kericho-kenya). Company website states 5000 ha. It is not clear whether the plantations were down scaled, or indeed have been upscaled recently.

Intention of investment

Intention of the investment
Food crops, Timber plantation (for wood and fibre)
Comment on intention of investment
The estate has 1,500 hectares of indigenous forests and 2,500 hectares of eucalyptus trees and is self-sufficient with sustainable timber.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
In operation (production)

Contract farming

Contract farming
Yes
Not on leased / purchased area (out-grower)
Yes
Not on leased / purchased farmers (out-grower)
14000

Number of total jobs created

Jobs created (total)
Yes
Current number of jobs (total)
9500
Comment on jobs created (total)
Another source mentions 15 000 workers. Workers were on strike in October 2017 as they wanted a 30% salary increase.

Operating company

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Media report
File
Comment on data source
James Finlays Kenya Limited

Data source #3

Data source type
Other (Please specify in comment field)
File
Comment on data source
Bloomberg Business- Company Overview of James Finlay (Kenya) Limited

Data source #4

Data source type
Other (Please specify in comment field)
File
Date
2011-09-21
Comment on data source
World Tea News- James Finlays, Kericho, Kenya

Data source #5

Data source type
Media report
File
Date
2017-10-31
Comment on data source
Daily Nation- Finlays counts huge losses from workers’ strike, attacks

Data source #6

Data source type
Research Paper / Policy Report
File
Publication title
James Finlay Ltd: The business case for a landscape approach to sustainable tea production in Kenya and worldwide

Promised benefits for local communities

Promised benefits for local communities
Health
Education
Other
Comment on promised benefits for local communities
clinic, schools and kitchen garden for employees. Water.

Detailed crop, animal and mineral information

Crops area
Eucalyptus, Tea, Trees (unspecified)

Use of produce

Has domestic use
Yes
Has export
Yes
Comment on use of produce
Some produce to Coca Cola Company. It is not cleat if the final product from Coca Cola is only sold on the local market, or export too. world markets of North America and Europe via the weekly auctions at the Mombasa tea auctions.

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
4 factories- Kitumbe Factory (Fairtrade), Chomogonday Factory, Changana Factory, Kymulot Factory

June 27, 2019, 1:05 p.m.

overwritten

This version

Compare with previous version

Feb. 28, 2018, 2:16 p.m.

overwritten

Show this version

Compare with previous version

Feb. 28, 2018, 2:06 p.m.

overwritten

Show this version

Compare with previous version

Jan. 26, 2018, 11:57 a.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.