DL Group of Companies has dismissed online reports claiming that the group or any of its entities is in talks to sell its tea assets.
In a notice issued on May 7, the company said the claims are inaccurate and misleading and do not reflect the company’s position.
“The viewpoints expressed by this publication do not represent the company’s position at all, and we emphatically denounce the contents therein,” DL Group said.
The company said it was responding to reports circulating on various online platforms alleging that another group of companies was in discussions to acquire DL Group’s tea assets.
DL Group Addresses Stakeholder Concerns Over Sale Reports
According to DL Group, the claims raised concern among stakeholders and within the wider business community.
DL Group said its position on the matter is clear and that it remains fully operational, with no changes to its business strategy or asset ownership.
“We would like to assure all our customers, suppliers, members of staff, and all other stakeholders that the company remains steadfast in our operations and no discussions at all have taken place at any level regarding such purported sale and there is no intention whatsoever to make such sale,” the company said.
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The group urged the public and stakeholders to ignore the circulating reports, describing the information as false.
It added that it has contacted relevant authorities to investigate both the source of the claims and the motive behind what it described as misleading publications.
DL Group also reminded stakeholders that any official communication about the company, its assets, or its operations is issued directly from its Head Office through authorized channels.
In its statement, DL Group said its focus remains on a long-term business strategy rather than on selling assets.
The company said it is focused on growing steadily and building strong, lasting businesses, rather than selling assets for short‑term gains.
It added that its goal is to grow into a well-established African group that can compete internationally and continues to create value for future generations.
What Drove the Speculation
Online reports suggested that DL Group could be considering various options, including selling some of its tea estates, such as the DL Koisagat Tea Estate in Nandi County, as well as other related properties.
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The speculation has been fuelled by financial pressures affecting parts of the tea operations in recent years.
Companies linked to the tea business have been involved in debt‑related legal disputes, including large loan facilities with commercial banks that, at various times, led to court‑approved auctions of land and property.
Although several of those cases were later halted and resolved through negotiations, they contributed to perceptions of financial strain within the agribusiness segment.
Additional court cases involving equipment and vehicle financing further fueled rumors of possible asset sales or restructuring.
DL Group has now rejected those interpretations, stating that there are no discussions or intentions to sell assets at any level within the organization.
About DL Group of Companies
Founded in the mid‑1980s by Dr. David Langat, who serves as chairman, DL Group is a privately held company with interests across agribusiness, renewable energy, healthcare, industrial development, real estate, and logistics.
Agribusiness remains the group’s core focus, with extensive tea estates in Kenya and Tanzania, including the DL Koisagat Tea Estate, as well as multiple processing factories and significant production capacity.
The group is also involved in avocado farming and value‑added agricultural processing for local and export markets.
DL Group has investments in renewable energy projects, healthcare developments such as the upcoming Eldo Medicity hospital in Eldoret, and large‑scale industrial and real‑estate projects, including a Special Economic Zone in Eldoret.
The group supports rural communities, especially in tea‑growing areas, and describes itself as a locally grown African business focused on growth, sustainability, and long‑term value.
