Kenyan integrated agro-business firm Kakuzi PLC has become one of the first local entities to secure approval from the Kenya Plant Health Inspectorate Service (KEPHIS), to process and prepare export-grade fresh avocados for the Chinese market. The firm has secured its KEPHIS approval following a stringent phytosanitary audit for its extensive Kakuzi farms and packhouse. […]
Tag: kakuzi
Kenya: Kakuzi Receives Nod to Prepare Export-Grade Avocados for Chinese Market
Nairobi — Kakuzi Public Limited Company (PLC) has become the first local entity to secure approval from the Kenya Plant Health Inspectorate Service (KEPHIS) to process and prepare export-grade fresh avocados for the Chinese market. The approval comes after the recent signing of bilateral trade protocols to facilitate the export of fresh avocado and aquatic […]
Unga Group issues profit warning on increased cost of raw materials
NAIROBI, Kenya Feb 25-Unga Group PLC has issued a profit warning for the first six months of the year ended December 31 2021 forecasting a 25 per cent dip in profits compared to the prior year. The Nairobi Securities Exchange-listed company said its half-year profit is likely to drop on the back of increased costs […]
Ailing Uchumi Carries The Day As Top Gainer At The NSE
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
Safaricom Ends The Week At The NSE As The Only Share Above A Million
KEY POINTS Equity Group was the second top mover with 997,600 shares and a market capitalization of 198.12 billion shillings while Kenya Electricity Generating Company moved 898,200 shares, a market capitalization of 26.25 billion shillings. Top Movers Safaricom PLC was the only brand at the Nairobi Securities Exchange (NSE) on Friday that ended the week […]
John Kibunga: From Squatter to Billionaire NSE Investor
Kenyan billionaire investor John Kibunga Kimani. In 2018, Billionaire investor at the Nairobi Stock Exchange (NSE), John Kibunga Kimani, set up a foundation valued at Ksh93 million to give back to Kakuzi squatters, a society he spent his childhood in. At the time, Kibunga explained that he wanted to empower the community and dedicated his […]
Liberty issues profit warning on higher Covid-linked claims
Guests follow proceedings during the launch of a pension product by an insurance firm in Nairobi. FILE PHOTO | NMG Liberty Kenya Holdings has issued a profit warning for the year ended December 2021, citing the impact of the Covid-19 pandemic. The Nairobi Securities Exchange-listed firm said its profit for the year is likely to […]
Kenya Extends Export Ban to Curb Harvest of Immature Avocados
Growers and exporters dealing in the avocado export business face an indefinite ban on the export of Hass and Fuerta varieties. Kenya Agriculture and Food Authority director Benjamin Tito noted that the ban, which took effect on November 15, 2021, is aimed at curbing the harvest and export of immature avocados . The ban however […]
Sanlam joins Kakuzi and Limuru Tea in profit warning alerts
Sanlam Plc has joined the list of Nairobi Securities Exchange-listed firms issuing profit warnings for the year ended December 31, 2021. In a statement, the firm’s board said the continued effects of the Covid-19 pandemic have had negative effects on the corporate and retail segments of its businesses. "We wish to report that our projected […]
How tea reforms raised earnings for producers
The reserve price for tea set by the government last year helped the value of the beverage to remain relatively high within the last quarter of the year, boosting the earnings of small-scale farmers and multinational firms. Before August last year, the price of tea had dipped to the levels that were last seen a […]