Nairobi — Former Attorney General Githu Muigai has been appointed as the chairperson of the newly formed Independent Human Rights Advisory Committee (IHRAC) at agri-business firm Kakuzi. In a statement, Kakuzi Managing Director Chris Flowers said the committee will be required to provide independent technical advisory to the firm’s Board of Directors. He said such […]
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG British gold miner Papillon is set to list on the Nairobi Securities Exchange (NSE) mainboard in September after completing the first phase of its dual listing at the London Stocks Exchange this month. The company will be renamed Caracal Gold following a […]
Listed local agri-business firm Kakuzi Plc has announced a marginal drop in its half-year pretax profit attributed to slower market growth and price volatility in its key export markets due to the Covid-19 pandemic. In its half-year trading disclosures released by Chairman Nicholas Ng’ang’a, Kakuzi Plc confirmed a 3% drop in its profit before tax […]
Kakuzi PLC – plantation operator in Kenya – For the six months ended June 30, posts pretax profit of KES276.7 million, around GBP1.8 million, up 36% from KES204.1 million a year before, even as sales dipped 0.1% year-on-year to KES888.9 million from KES889.9 million. Kakuzi says that the harvesting of its flagship products avocado and […]
Packaging of avocados for export at Kakuzi. NAIROBI, Kenya aug 18 – Listed local agri-business firm Kakuzi Plc has announced a marginal drop in its half-year pretax profit attributed to slower market growth and price volatility in its key export markets due to the Covid 19 pandemic. In its half-year trading disclosures released by Chairman […]
Kakuzi an agri-business firm has announced a 3% drop in its half-year pretax profit from Ksh. Ksh. 285.9 million to Ksh. 276.7 million. The decline has been attributed to slower market growth and price volatility in its key export markets due to the COVID-19 pandemic. The leading international markets for Kakuzi products have also begun […]
StockMarketWire.com – Kakuzi reported a rise in profit even as sales were largely flat in the first half of the year, but warned of lower avocado crop output. For the period of six months to 30 June 2021, pre-tax profit rose to KSh 276.7 million from KSh 204.1 million year-on-year, while sales of KSh 888.9 […]
A ship docks at Lamu Port during the official launch by President Uhuru Kenyatta. FILE PHOTO | NMG Stakeholders in logistics have expressed optimism about the opening of the Lamu port for business last week, saying it will reduce cost of doing business. The first consignment of goods has lready been shipped through the second […]
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 […]
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