Kenya’s Unga Group mulls soya meal production line, banks on new wheat plant to drive growth

KENYA – Unga Group Limited, a major grain miller in Kenya, has unveiled plans of setting up a soya meal production line in its Nairobi plant as it seeks to grow its investments in the […]

Unga Group revenues rise by 2.3% following Uganda exit

KENYA – The Kenya based flour milling company, Unga has reported a gainful year with revenues rising 2.3% to US$198.25 million after discontinuation of Uganda operations which contributed to losses in the previous year. According […]

Seaboard Corp in a renewed bid to delist Unga after failed buyout

KENYA – Seaboard Corp, the American multinational conglomerate is planning to delist Unga Group from the Nairobi Securities Exchange (NSE) after a failed takeover bid of the Kenyan grain miller, according to Business Daily. The […]

Seaboard’s failure to reach 75% minimum threshold in Unga blamed on activist investors

KENYA – US firm, Seaboard’s planned buyout offer for Unga Group has flopped as it was unable to garner support from shareholders holding a minimum combined stake of 75% in the miller. Daily Nation has […]