Safaricom reveals CEO s stake in telco
Wednesday July 07 2021
By PATRICK ALUSHULA
Summary
The disclosure through the firm’s latest annual report means that Mr Ndegwa’s shares are currently valued at Sh37 million.
Mr Ndegwa joined Safaricom in April last year as the CEO, a position that requires the telco to disclose his ownership in the firm.
It is not clear if Mr Ndegwa bought the shares in the financial year ended March or held the stake ahead of his CEO appointment.
Safaricom #ticker:SCOM has disclosed that CEO Peter Ndegwa owns 895,500 shares in the telco, giving him the largest stake among the firm’s directors.
Kakuzi unveils plans to support small-scale avocado farmers
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Kakuzi, a Kenyan agro-business firm, has confirmed plans to strengthen its avocado smallholder base as part of a shared prosperity business plan. The firm is focusing on agricultural production expansion and diversification projects for its macadamia, blueberry, livestock and commercial forestry business lines.
Speaking during the Nairobi Securities Exchange (NSE) listed firms 93rd Annual General Meeting held virtually, Kakuzi Chairman Nicholas Ng’ang’a said, “Kakuzi will this year invest more than Ksh. 400 million in capital expenditures (CAPEX) while focusing on upscaling its smallholder operations value to complement its production capacities and boost the global positioning of Kenyan avocados. It is critical that the markets only receive good quality fruits from Kenya, and to achieve this, building knowledge of the market requirements amongst farmers is very important.”
Kakuzi in Sh400m project to boost avocado, blueberry farming
Wednesday May 19 2021
By BRIAN NGUGI
Summary
Agricultural firm Kakuzi will invest Sh400 million to increase the avocado output from small holder farmers and diversify into new fruits like Blueberry to grow its earnings.
The company, which has been battling human rights abuse accusations, will strengthen other business lines like macadamia livestock and commercial forestry to reduce its reliance on Avocado.
Agricultural firm Kakuzi #ticker:KUKZ will invest Sh400 million to increase the avocado output from small holder farmers and diversify into new fruits like blueberry to grow its earnings.
The company, which has been battling human rights abuse accusations, will strengthen other business lines like macadamia livestock and commercial forestry to reduce its reliance on Avocado.
Safaricom’s Internal Wrangles Over Tenders Threaten To Knock Out The ‘Outsider’ CEO Peter Ndegwa
The lies and shiny outside of East Africa’s biggest Telco, Safaricom Plc, that has been over the years propped up by Public Relations has begun to wane.
An ugly infighting that has escalated pitting board Chairman Michael Joseph (former/founding CEO) and current CEO Peter Ndegwa’s camp seems likely as the straw that will break the camel’s back.
They say that corruption in the private sector is shocking as government’s.
It was clear that Michael Joseph, who referred Bob Collymore (late CEO) as ‘a white man in an African body’ didn’t want the firm to be headed by another African.