Mandatory offer to minority shareholders pending James Finlays, a Scottish Company with a 127-year long presence in Ceylon/Sri Lanka has divested two listed Regional Plantation Companies (RPCs), Hapugasgtenne and Udapusselawa, to Browns Investments PLC which has acquired 89.96% of Hapugastenne at Rs. 28.30 a share and 90% of Udapussellawa at Rs. 42 a share on […]
On Dec 28 the Ukrainian airline SkyUp Airlines made its first flight from Kyiv, the capital of Ukraine, to Hambantota Airport. The charter flight program will last until March 17, 2022 and will provide only the option of a 10-day round-trip departing from Kyiv. The flight lasts 10 hours 40 minutes and provides a technical […]
Major transaction announced between James Finlay and Browns Investments By Hiran H. Senewiratne Trading activities on the Colombo Stock Exchange (CSE) was positive throughout yesterday with investor sentiment bouncing back pushing both indices by over 1 percent. Retailers stepped up their play on Lanka IOC shares with over Rs. 1.4 billion traded, pumping its price […]
In Kenya, women bear the brunt as mechanisation wipes out tea sector jobs
Workers pick tea leaves on a Unilever tea plantation in Kericho, Kenya.
(Alamy/Jake Lyell
)
(Alamy/Jake Lyell
)
On a cool Tuesday evening in Kapkugerwet village in Kenya’s Kericho County, Lucy Cheres puts a tea basket on her hunched back and heads out to the small tea farm in front of her house. There, she starts plucking tea leaves for the next day’s sale. It is an art she has perfected after 15 years of working as a casual labourer at a nearby tea plantation owned by the British-Dutch consumer goods conglomerate Unilever. But in 2015, Cheres was among the thousands of workers who lost their jobs after the company introduced tea picking machines.