Brookside Dairy Limited

Last updated

Brookside Dairy Limited
Company type Private
Industry Dairy processing
Founded1993
Headquarters Ruiru, Kenya
Key people
 Muhoho Kenyatta [1]
Executive Chairman & CEO
ProductsMilk, butter, cheese, yogurt, ice-cream
Subsidiaries In Kenya, Uganda and Tanzania
Website Homepage

Brookside Dairy Limited, often referred to as Brookside Dairies, is a dairy processing company in Kenya, the largest economy in the East African Community. The company offers fresh pasteurized milk, cream, butter, yogurt, ghee, and long life milk products in Indian Ocean Islands, East Africa, Rwanda and Burundi. It provides products through distribution depots, agents, and sub agents to outlets in East Africa.

Contents

Location

The head office of Brookside Dairies is located along Thika Road in Ruiru, opposite Kenyatta University, approximately 25 kilometres (16 mi), by road, northeast of Nairobi, the capital and largest city in Kenya. [2] The coordinates of the company headquarters are:1°10'42.0"S, 36°57'30.0"E (Latitude:-1.178333; Longitude:36.958333). [3]

Overview

Brookside Dairies is the largest milk processing company in Kenya, [4] [5] where it controls 45 percent of the dairy market, as at January 2016. [6] [5] The company's products, including fresh and powdered milk, yogurt and butter, [7] are distributed in the East African countries of Kenya, Tanzania, and Uganda. [1]

History

Brookside Dairies was established in 1993 by members of the Jomo Kenyatta Family, including his son Uhuru Kenyatta, who was elected President of Kenya in 2013. In 2009, the Gulf-area-based private equity firm Abraaj Capital paid US$18.7 million for 10 percent shareholding in the business. In 2014, French yogurt maker Danone paid an undisclosed sum to acquire a 40 percent stake in Brookside. [8] Beginning in 2013, [9] Brookside has expanded by buying stakes in rival milk processing plants in Kenya, [10] Uganda. [11] Ethiopia and Nigeria. [12]

Branches

As of January 2015, Brookside Dairies maintained offices at the following locations: [13]

  1. Ruiru Office (Main Office) - Ruiru, Kenya
  2. Kampala Office - Kampala, Uganda
  3. Arusha Office - Arusha, Tanzania
  4. Mwanza Office - Mwanza, Tanzania
  5. Dar es Salaam Office - Dar es Salaam, Tanzania

Ownership

Brookside Dairies is a limited liability company, registered in Kenya. As of May 2015, the shareholding in the company stock was as depicted in the table below: [8]

Brookside Dairy Limited Stock Ownership
RankName of OwnerPercentage Ownership
1 Kenyatta Family
50.0
2 Danone
40.0
3 The Abraaj Group
10.0
Total
100.00

Recent developments

In May 2015, Brookside Dairies paid KSh3.5 billion (about US$40 million) for 51 percent shareholding in Sameer Agriculture & Livestock Limited (SALL), a dairy processing company in neighboring Uganda, in which the Ugandan government maintains a 49 percent shareholding. That business rebranded to Brookside Dairy Uganda Limited. [11] [14] In January 2016, the Kenyan press reported that the company had plans to expand to West Africa, starting with Nigeria. [6]

See also

Related Research Articles

The Sameer Group of Companies, commonly referred to as the Sameer Group, is a large conglomerate, based in Kenya, with operations and subsidiaries in neighboring African countries.

<span class="mw-page-title-main">Jubilee Insurance Company Limited</span> Insurance company in Kenya

The Jubilee Insurance Company of Kenya (JICK), mostly known as Jubilee Insurance, is an insurance company in Kenya, which has the largest economy in the East African Community. It is a wholly owned subsidiary of Jubilee Holdings Limited, a multinational insurance holding company, which maintains its headquarters in Nairobi, the capital of Kenya, with subsidiaries in Kenya, Tanzania, Uganda, Burundi, and Mauritius, with plans to expand on the African continent.

<span class="mw-page-title-main">Nation Media Group</span> Public media group in Kenya

Nation Media Group (NMG), formerly known as East African Newspapers Ltd, is an East African media group based in Kenya and listed on the Nairobi Stock Exchange. It is owned by Aga Khan IV.

KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya Limited, KCB Bank Burundi Limited, KCB Bank Rwanda Limited, KCB Bank South Sudan Limited, KCB Bank Tanzania Limited, KCB TMB Congo and KCB Bank Uganda Limited.

<span class="mw-page-title-main">Madhvani Group</span> Conglomerate in Uganda

The Madhvani Group of Companies commonly referred to as the Madhvani Group, is one of the largest conglomerates in Uganda. The group has investments in Kenya, Uganda, Rwanda, South Sudan, Tanzania, the Middle East, India, and North America.

<span class="mw-page-title-main">I&M Bank Limited</span> Commercial bank in Kenya

I&M Bank Kenya Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

<span class="mw-page-title-main">I&M Holdings Limited</span> Kenyan financial services conglomerate

I&M Holdings Limited, also I&M Bank Group, is a conglomerate comprising banks, an insurance company and investment advisory businesses. The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Mauritius, Rwanda, Tanzania and Uganda. The flagship company of the group is I&M Bank Limited, with headquarters in the I&M Bank Tower on Kenyatta Avenue in the central business district of Nairobi, Kenya's capital and largest city.

Commercial Bank of Africa (CBA) was a financial services provider headquartered in Nairobi, Kenya, the largest economy in the East African Community. CBA was licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Commercial Bank of Africa Group is a financial services provider in East Africa. Its headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast.

Centum Investment Company Plc, commonly known as Centum is a public East African investment company. It operates as an affiliate of the Kenyan government-owned Industrial and Commercial Development Corporation (ICDC).

<span class="mw-page-title-main">Equity Bank Rwanda Limited</span> Bank in Rwanda

Equity Bank Rwanda Limited (EBRL), is a commercial bank in Rwanda. The bank is licensed by the National Bank of Rwanda, the central bank and national banking regulator.

Naushad N. Merali, CBS was the founder of the Kenyan mobile service provider Kencell along with French media giant Vivendi. Merali became famous in an almost folk tale for a corporate boardroom manoeuvre that earned him a $20million dollar profit in one hour thanks to pre-emptive rights of his stake in private Telecom company Kencell Kenya in 2004. He attended Highway Secondary School in the suburbs of Nairobi, Kenya. As one of Kenya's leading industrialists, Merali brought commercial development in Kenya for more than 30 years and was constantly expanding his businesses throughout East Africa.

Christopher John Kirubi, born in Murang'a County, was a Kenyan businessman, entrepreneur, and industrialist. He was a director at Centum Investment Company, a business conglomerate, of which he was the largest individual shareholder.

Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.

<span class="mw-page-title-main">Equity Group Holdings</span> Financial services holding company based in the African Great Lakes region

Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.

Bank of India (Kenya) is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the national banking regulator.

The dairy processing industry in Uganda is young, rapidly growing, and vibrant.

Pearl Dairy Farms Limited, often referred to as Pearl Dairy, is a dairy processing company in Uganda.

Muhoho Kenyatta is a Kenyan national and a member of the Kenyatta family. He is a son of Kenya's first President Jomo Kenyatta. His older brother Uhuru Kenyatta is the former president and 4th President of Kenya. He was educated at St. Mary's School, Nairobi, and graduated with a Bachelor's of Arts in Political Science from Williams College in 1985.

Do not confuse with MP Shah Hospital

References

  1. 1 2 Wachira, Charles (17 July 2014). "Danone Buys 40 Percent of Kenya's Brookside to Expand African Footprint". Bloomberg News . Retrieved 8 May 2015.
  2. ↑ "Road Distance Between Central Nairobi, Kenya And Brookside Dairy Headquarters, Ruiru, Kenya" (Map). Google Maps . Retrieved 6 July 2022.
  3. ↑ "Location of Brookside Dairy Headquarters" (Map). Google Maps . Retrieved 24 March 2016.
  4. ↑ Andae, Gerald (6 August 2015). "New KCC Cedes Market Share To Fresha Milk Firm". Business Daily Africa . Nairobi. Retrieved 7 August 2015.
  5. 1 2 Kariuki, James (24 March 2016). "Brookside calls for action against milk adulteration". Business Daily Africa . Nairobi. Retrieved 24 March 2016.
  6. 1 2 Andae, Gerald (28 January 2016). "Brookside plans for West Africa exports get Buhari visit boost". Business Daily Africa . Nairobi. Retrieved 31 January 2015.
  7. ↑ Kariuki, James (8 October 2015). "Brookside gets access to French partner's flavours". Business Daily Africa . Nairobi. Retrieved 9 October 2015.
  8. 1 2 Nsehe, Mfonobong (19 July 2014). "Kenyan President Uhuru Kenyatta To Earn Millions From Danone Deal". Forbes.com . Retrieved 8 May 2015.
  9. ↑ Andae, Gerald (21 August 2013). "Brookside Targets Rival for Larger Share of Milk Market". Business Daily Africa (Nairobi). Retrieved 3 June 2015.
  10. ↑ Juma, Victor (11 November 2013). "Kenyatta Business Empire Goes Into Expansion Drive". Business Daily Africa (Nairobi). Retrieved 3 June 2015.
  11. 1 2 The Star Kenya (1 May 2015). "Uganda: Brookside Buys Sameer's Uganda Dairy Operations". The Star (Kenya) via AllAfrica.com . Nairobi, Kenya. Retrieved 6 July 2022.
  12. ↑ Joshua Masinde (29 December 2013). "Brookside Given Nod To Buy Rival Company". Daily Nation . Nairobi, Kenya. Retrieved 6 July 2022.
  13. ↑ "Locations of Brookside Dairy Limited Offices". Brookside Dairy Limited (Brookside Dairies). 2014. Retrieved 8 May 2015.
  14. ↑ Mfonobong, Nsehe (1 June 2015). "Kenya's 2nd Richest Man Sells Dairy Firm To Kenyatta Family-Owned Business". Forbes.com . Retrieved 1 June 2015.

01°10′42″S36°57′30″E / 1.17833°S 36.95833°E / -1.17833; 36.95833

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.