Lab technologist, Mary Wanza testing Avacado fruit (PHOTO: Courtesy) Kakuzi is taking allegations into human rights abuse that has characterised its operations in the recent past with caution. The firm’s Managing Director Chris Flowers says the board is working to establish a high-level Independent Human Rights Advisory Committee (IHRAC) whose role will be to provide […]
Agricultural firm, Kakuzi , has welcomed a global release report issued by the Ethical Trade Initiative (ETI) acknowledging its commitments on labour rights. ETI is a global organization working to define best practice in ethical trade. The organization has acknowledged marked progress in the alternative dispute resolution measures undertaken by Nairobi Securities Exchange (NSE) listed […]
NSE market watch board during the ringing of the bell ceremony in Nairobi on September 4, 2019. Last month was a mixed bag for investors at the Nairobi Securities Exchange (NSE). After enduring months of lacklustre performance in 2020 due to the pandemic, 2021 saw several key sectors show robust growth projections, especially after news […]
Kakuzi Plc will hold its Annual General Meeting on Tuesday 18th May 2021 via electronic means.
Agricultural firm Kakuzi spent Sh137.4 million on lawyers in the year ended December to defend itself against charges that its employees carried out human rights abuses including rape and violence. The expense is disclosed in the company’s latest annual report. The Nairobi Securities Exchange-listed firm, alongside its parent company Camellia Plc, was sued in the […]
Kakuzi PLC – plantation operator in Kenya – Posts pretax profit in 2020, in Kenyan shillings, of KES847.5 million, around GBP5.6 million, down 16% from KES1.01 billion a year prior. Sales increase by 25% to KES3.61 billion from KES2.89 billion. Says these results include the cost of the company defending itself from UK law firm […]
Dr John Kibunga Kimani Non-Executive Director Kakuzi Plc. Until recently, only a select few could put a face to the name of billionaire investor John Kibunga Kimani. But when human rights abuse allegations rocked Nairobi Securities Exchange-listed Kakuzi, where he is the second-largest shareholder with a 32.2 per cent stake, curiosity about the man behind […]
A majority shareholder in a Kenyan company Kakuzi, has agreed to part with over U.S.$10 million as part of an out-of-court deal with 85 human rights abuse victims that sued it in the UK. UK companies Tesco, Sainsbury’s and Lidl subsequently suspended the purchase of avocados from Kakuzi. The three retailers have now said that […]
High Court has ordered a company associated with billionaire investor John Kibunga Kimani to complete sale of its land in Murang’a to a cotton manufacturing company. Justice Grace Kemei ordered Rural Development Services Limited to complete the agreement for sale of the land, located within Makuyu measuring 126 acres, to African Cotton Industries Limited. In […]
Dr John Kibunga Kimani Non-Executive Director Kakuzi Plc. Until recently, only a select few could put a face to the name of billionaire investor John Kibunga Kimani. But when human rights abuse allegations rocked Nairobi Securities Exchange-listed Kakuzi, where he is the second-largest shareholder with a 32.2 per cent stake, curiosity about the man behind […]
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