NAIROBI, Kenya Feb 25-Unga Group PLC has issued a profit warning for the first six months of the year ended December 31 2021 forecasting a 25 per cent dip in profits compared to the prior year. The Nairobi Securities Exchange-listed company said its half-year profit is likely to drop on the back of increased costs […]
Prices of animal and human feed are set to rise further in the coming months as shortages of raw materials continue to bite. Unga Group #ticker:UNGA is the latest to warn of inadequate supplies of a wide range of commodities including maize, wheat, and soybean. Millers are struggling with low supplies of the staple maize, […]
Pieter Bastiaanssen, Managing Director, Middle East & Africa at Nutreco. With the world’s population estimated to hit 10 billion people by 2050, the need to address challenges such as food insecurity, hunger and malnutrition is urgent. According to the Food and Agriculture Organisation (FAO), hunger will affect 9.8 per cent of the world’s population (over […]
KEY POINTS Equity Group was the second top mover with 997,600 shares and a market capitalization of 198.12 billion shillings while Kenya Electricity Generating Company moved 898,200 shares, a market capitalization of 26.25 billion shillings. Top Movers Safaricom PLC was the only brand at the Nairobi Securities Exchange (NSE) on Friday that ended the week […]
Credit: Adobe Stock AMERSFOORT, NETHERLANDS —Nutreco, a Netherlands-based animal nutrition company, announced on Feb. 1 that it has received regulatory approval for its partnership with Unga Group PLC, to form two joint ventures that will help meet the growing demand for high-quality protein in the East Africa region. The partnership involves open-ended, Nutreco-managed joint ventures […]
Human and animal feed processor Unga Group #ticker:UNGA did not pay management service fees to US conglomerate Seaboard Corporation in the year ended June 2021 as it started recovering previous overpayments to the multinational. The company’s latest annual report shows that Seaboard did not earn the fees in the review period, having received more than […]
Unga Group Plc Chief Executive Officer Joseph Choge. PHOTO | DIANA NGILA | NMG Unga Group Plc has received regulatory approvals to form animal feed joint ventures in Kenya and Uganda with Dutch multinational Nutreco International. Subsidiaries of the Nairobi Securities Exchange-listed firm will own the joint ventures on a 50/50 basis with Nutreco. Kenya-based […]
Seven chief executives joined corner offices at Nairobi Securities Exchange #ticker:NSE -listed firms in 2021, filling vacancies that were created by various circumstances. The companies that made substantive or temporary CEO appointments include Britam Holdings #ticker:BRIT , East African Portland cement #ticker:PORT and BOC Kenya #ticker:BOC . Others were Kenya Power #ticker:KPLC, Nairobi Business Venture […]
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 […]
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 […]
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