The year 2021 was characterised by new significant deals across the corporate sector after a lull induced by the Covid 19 pandemic. The merger and acquisitions activity cut across key sectors including financial services, real estate, telecommunication and agriculture. Some of the key ones included: Unga Group sells Ennsvalley Bakery to logistics company Unga Group […]
Unga Group Limited , Kenyan-based holding company is seeking shareholder approval to transfer part of the assets in two of its subsidiaries to joint ventures as it moves to seal the deal with Netherlands based feeds company Nutreco International . The company made the announcement and said that upon the transfer, its two subsidiaries Unga […]
Unga Group #ticker:UNGA is seeking shareholder approval to transfer part of the assets of Unga Farm Care and Unga Millers to joint ventures that the subsidiaries will own on a 50/50 basis with Nutreco International B.V. Nutreco and Unga Farm Care will invest in and establish an aquafeed joint venture in Kenya. The multinational and […]
Nigerian billionaire Aliko Dangote and Facebook founder Mark Zuckerberg. File As business landscapes keep changing worldwide, investors and businessmen find themselves dipping their feet in waters they are not used to. In the early aughts, when telecommunication hit East Africa, the region innovated and developed mobile money transfer and became a leader in the category. […]
Athanas Matheka had always wanted to venture into entrepreneurship from a young age; he was inspired by the East African Breweries’ success story Matheka would later quit employment to pursue that dream; he and his wife started the Greenforest Foods in their tiny kitchen in Umoja Estate, Nairobi Production for Greenforest’s products has since moved […]
Unga Group #ticker:UNGA expects to get Sh284.5 million from the sale of its bakery business and part of its stakes in its animal feed subsidiaries. The company recently reached an agreement to sell Ennsvalley Bakery to BigCold besides signing deals to transfer part of the assets of Unga Farm Care and Unga Millers to joint […]
Dutch animal nutrition giant Nutreco, and parent of aquaculture feed company Skretting, has appointed Paul Bestford as the company’s new chief procurement officer (CPO). Bestford comes most recently from fashion company Burberry where he led the Global Procurement Function. Previous jobs include leadership positions at Novartis, British Airways, Ernst & Young, John Lewis Partnership and […]
Unga Group managing director Nicholas Hutchinson will depart in December after two decades in the human and animal feed miller. The Nairobi Securities Exchange-listed company announced on Monday that the long-serving MD will retire effective December 31. "Mr Hutchinson will continue in an advisory capacity for a period of time to ensure a smooth transition," […]
Unga Group #ticker:UNGA managing director Nicholas Hutchinson will depart in December after two decades in the human and animal feed miller. The Nairobi Securities Exchange-listed company announced on Monday that the long-serving MD will retire effective December 31. “Mr Hutchinson will continue in an advisory capacity for a period of time to ensure a smooth […]
KEY POINTS The top gainer of the day was BK Group with 8.05 percent at the price of 38.25 shillings per share. It was followed by Britam Holdings with 5.06 percent at the price of 8.30 shillings per share. The top gainer of the day was BK Group with 8.05 percent at the price of […]
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