(Alliance News) – The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News: ———- Kakuzi PLC – plantation operator in Kenya – Appoints Nicholas Nganga as chair, replacing Graham Mclean, who steps down to non-executive director. Nganga was chair of Kenyan telecommunications operator […]
Tag: XNAI_KUKZ
Kakuzi Board changes: Nicholas Nganga appointed Chairman of Kakuzi PLC Board
Nicholas Nganga has been appointed chairman of the board of Kakuzi PLC with immediate effect. Nganga takes over from Graham Mclean who steps down from the role but will remain a non?executive director. Among his other roles, Nicholas Nganga was chairman of Safaricom, Kenya’s leading telco, from 2007 until 2020, and is current chairman of […]
Kakuzi, affiliate spend Sh675m on human rights row
Agricultural firm Kakuzi #ticker:KUKZ and one of its unnamed affiliates have so far spent a total of £4.8 million (Sh675 million) on legal costs after being accused of human rights violations. The two companies, which are controlled by Kent-based multinational Camellia Plc, have been sued in the UK by law firm Leigh Day on allegations […]
Pressure on Kakuzi as more European firms cut orders
The fallout from human rights abuse claims against Kakuzi #ticker:KUKZ escalated this week after two more large European supermarket chains, Sainsbury’s and Lidl, suspended supplies by the Murang’a-based agricultural firm. UK’s Sainsbury’s and Germany’s discount grocer Lidl confirmed in emailed responses to the Business Daily that they had suspended any dealings with Kakuzi pending investigations […]
Loss-making firms rule NSE list of top gainers
Nairobi Securities Exchange. FILE PHOTO | NMG Loss-making firms have dominated the top 10 list of stocks on the Nairobi Securities Exchange #ticker:NSE (NSE) that recorded price gains since the start of the year despite Covid-19-related economic disruptions. A review shows that stocks of firms such as Kenya Airways #ticker:KQ, Uchumi Supermarkets #ticker:UCHUM, Sameer Africa […]
Kakuzi battles human rights abuse allegations as 79 Kenyans file case in UK court
Kakuzi PLC Managing Director Chris Flowers. PHOTO | COURTESY The case against the company majority owned by UK based Camellia has been brought forward in the United Kingdom courts by 79 Kenyans represented by law firm Leigh Day. Among the allegations lodged in part by former Kakuzi employees, the company’s security guards have been abused […]
Loss-making firms rule NSE list of top gainers
Nairobi Securities Exchange. FILE PHOTO | NMG Loss-making firms have dominated the top 10 list of stocks on the Nairobi Securities Exchange #ticker:NSE (NSE) that recorded price gains since the start of the year despite Covid-19-related economic disruptions. A review shows that stocks of firms such as Kenya Airways #ticker:KQ, Uchumi Supermarkets #ticker:UCHUM, Sameer Africa […]
Investor flight hits Kakuzi on staff harassment claims
Margaret Wamithwe, avocado farmer in Kandara sub county picking her fruits. The share price of listed agriculture company Kakuzi has so far dropped from Sh385 to Sh380 as investors exit following bad publicity. This is after Britain’s Sunday Times newspaper highlighted alleged gross human rights violation against employees at the Makuyu based firm as presented […]
NSE-listed Kakuzi to pay dividend ahead of annual meeting
Agricultural firm Kakuzi PLC has become the first firm listed on the Nairobi bourse to announce it will pay dividend ahead of annual general meetings (AGM) that have been postponed in the wake of coronavirus. The firm has brought forward the day it will pay a dividend to May 18 from the initial date of […]
PwC now controls third of audits on firms listed at NSE
PricewaterhouseCoopers (PwC) now controls nearly a third of audits of the Nairobi bourse firms, in latest rotations of auditors that looks set to take its fees above Sh398 million. The audit firm has won three additional clients— KCB Group #ticker:KCB, HF Group #ticker:HFCK and CIC Insurance #ticker:CIC— as several listed firms moved to change auditors […]