Instability and uncertainty in Kenya’s tea industry have gone a notch higher with reports that the country is losing about $2 million every week at the tea auction in Mombasa as a result of insecurity in growing zones that has led to the suspension of operations by key producers.
This coming in on the heels of Tanzania signalling its intention to switch the market platform for its teas from the Mombasa auction to Dar es Salaam, right after Sri Lankan Browns Investments Plc agreed to buy Finlay Kenya’s tea estates business, James Finlay Kenya.
