Unga’s bread and butter on the line over Covid shocks, delayed payments
Monday May 24 2021
Workers at Unga Ltd in Eldoret, in Keya s Rift Valley. The 113-year-old company is close to the brink of falling in the red. PHOTO | JARED NYATAYA | NMG
Summary
It attributes weakening financial position to reduced demand for its products, restructuring costs, increased cost of raw materials and delayed payments from Kenya for grain supplied in support of the government-led maize subsidy programme more than three years ago.
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Regional flour maker Unga Group Holdings Ltd has branded its bakery business “unsustainable” and declared a staff redundancy plan. This is after its revenues were hit hard by a difficult operating environment occasioned by the Covid-19 pandemic, cheaper local brands, imported grain from Uganda and delayed payments from the Kenyan government.
The event took place on Saturday, May 8, 2021, at a Catholic Church located at Unga Ltd in Arusha. It was followed by a grand ceremony held at the Arusha International Conference Center. The couple first got married in Nigeria at the Pentecostal Church and later in Dubai, the United Arab Emirates before the latest one which happens to be the third in Arusha. Father Festus Mangwangi who blessed the marriage is reported as saying that the union was not strange. According to him, it was a hybrid marriage in which after marriage each one retains his or her religion, but the children will become members of the Catholic Church.