East Africa’s drive to achieve self-sufficiency in fish feed production received a major boost after Dutch producer of animal nutrition, aquafeed, and processed meat products Nutreco N.V. signed a partnership deal with Unga Group Plc. – the largest feed milling operator in the region – for the manufacture of aquafeed. Nutreco and Unga have agreed […]
Will focus on fish feed development in East Africa and complete animal feed development in Uganda Nutreco has formed two joint ventures with the largest feed miller in East Africa – Kenya-based Unga Group Plc . This partnership, which is subject to regulatory approval, involves open-ended, Nutreco -managed joint ventures with two indirect subsidiaries of […]
Manufacturer Unga Limited it’s set to dispose its bakery business represented by the Ennsvalley Bakery Limited. The firm has subsequently entered an asset purchase agreement with BigCold Kenya Limited, a cold storage and logistics company to buy its baking subsidiary out. The completion of the agreement dated July 26 now awaits the ‘satisfaction of certain […]
Photo: Adobe stock AMERSFOORT, NETHERLANDS — Nutreco and Kenya-based Unga Group LLC agreed to form two joint ventures to focus on fish feed development in East Africa and complete animal feed development in Uganda. The joint ventures with Unga Farm Care Ltd. in Kenya and Unga Millers in Uganda will enlarge the footprints of Nutreco’s […]
Unga Group Plc is selling its bread making business to a logistics firm BigCold Kenya Ltd. PHOTO | FILE Regional flour miller Unga Group Plc has entered into an agreement to sell its bread making business to a logistics firm, BigCold Kenya Ltd, at an estimated price of Ksh150 million ($1.38 million), rendering close to […]
Unga Group Nick Hutchison. PHOTO / COURTESY Miller and manufacturer Unga Group is expected to further extend a shake up of its business as the company seemingly takes a new growth stance. On Wednesday, the Nairobi Securities Exchange (NSE) listed firm made further disclosures on expected business restructuring pending the fulfillment of pre-deal conditions. Unga […]
Unga Group PLC ( NSE:UNGA ) is set to exit baking business for the second time with the sale of Ennsvalley Bakery to a logistics company, just a decade after it acquired it. The company will be selling its bread business to BigCold as it seeks to cut costs and improve efficiency. The Nairobi Exchange-listed […]
Unga Group CEO Nick Hutchinson. FILE PHOTO | NMG Unga Group PLC is set to exit baking business for the second time with the sale of Ennsvalley Bakery to a logistics company, just a decade after it acquired it. The company will be selling its bread business to BigCold as it seeks to cut costs […]
Shares of the little-known Nairobi Business Ventures ( NSE:NBV ) have staged the biggest short-term rallies on the history of the Nairobi bourse, lifting the wealth of its founders by hundreds of millions of shillings and benefiting early speculators. The company, which used to sell the K-Shoe brand of shoes, started trading on the Nairobi […]
Shares of the little-known Nairobi Business Ventures (NBV) have staged the biggest short-term rallies on the history of the Nairobi bourse, lifting the wealth of its founders by hundreds of millions of shillings and benefiting early speculators. The company, which used to sell the K-Shoe brand of shoes, started trading on the Nairobi Securities Exchange […]
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