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Billionaires Who Own Top 5 Leading Maize Millers in Kenya

There's little known about Kenyan billionaires who make decisions on the distribution of this important commodity. ....

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Unga, logistics firm, hold talks over sell of 'unsustainable' bakery

Unga, logistics firm, hold talks over sell of 'unsustainable' bakery
theeastafrican.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theeastafrican.co.ke Daily Mail and Mail on Sunday newspapers.

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Unga, logistics firm, hold talks over sale of 'unsustainable' bakery

Unga, logistics firm, hold talks over sale of 'unsustainable' bakery
theeastafrican.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theeastafrican.co.ke Daily Mail and Mail on Sunday newspapers.

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Unga's bread and butter on the line over Covid shocks, delayed payments

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. ....

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