Unga Group

Last updated

Unga Group Limited
Company type Public
KN: UNGA
Founded1908;116 years ago (1908)
Headquarters Nairobi, Kenya
Key people
Isabella Ochola-Wilson
Chairperson of the Board
Joseph Choge
Group CEO
ProductsAnimal Feeds, Maize and Wheat products
RevenueIncrease2.svg KES: 18.5 billion (2015)
Increase2.svg KES: 635 million (2015)
Total assets Increase2.svg KES: 8.67 billion (2015)
Total equity Increase2.svg KES: 5.35 billion (2015)
Website Homepage

Unga Group Limited is a Kenyan-based holding company with its investments in the business of flour milling and manufacturing of human nutrition products and animal feeds. [1] The group has operations in Kenya and Uganda.

Contents

Overview

Unga Group was founded in 1908 making it one of Kenya's oldest companies. The group's headquarters are in Nairobi with flour mills in Eldoret, Nakuru and Mombasa. [2]

In 2000, Unga Group was in losses and entered into a strategic investment partnership with Seaboard Corporation to form Unga Holding Limited as part of its recovery strategy. [3] Unga Groups operations were all transferred to the newly created subsidiary. Seaboard Corporation brought on-board capital and technical expertise. [4]

Unga Group re-entered the bread market in 2015 through its acquisition of Ennsvalley Bakery. This move was aimed to diversify the group's investments. [5] This acquisition was funded by the proceeds the group earned from the sale its 51% stake in Bullpak, the group's paper packaging subsidiary, to South African based Nampak. [6]

Member companies

The companies that compose Unga Group include and are not limited to:

Shareholding

The shares of the stock of Unga Group Limited are traded on the main market segment of the Nairobi Securities Exchange, under the symbol: UNGA. As of 30 June 2015, the shareholding in the group's stock was as depicted in the table below: [13]

Unga Group Limited Stock Ownership
RankName of OwnerPercentage Ownership
1Victus Limited50.93
2Moses Thara5.03
3Rakesh Prakash Gadani4.58
4Other Local & International Investors39.46
Total100.00

The group's largest shareholder, Victus Limited, is associated with First Chartered Securities. A Kenyan investment company with interest in real estate, banking, farming and insurance. [14]

Governance

Unga Group is governed by a nine-person board of directors with Isabella Ochola-Wilson serving as the chairperson and Nicholas Hutchinson as the chief executive officer. [15]

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References

  1. ↑ "Contact Information – Unga Group" . Retrieved 16 October 2016.
  2. ↑ "Unga Group – About us". Unga Group. Retrieved 16 October 2016.
  3. ↑ "Unga's US shareholder earns Sh4.1bn in raw materials deal". Business Daily Africa . Nation Media Group. 29 November 2012. Retrieved 17 October 2016.
  4. ↑ "Unga Holdings Limited". Seaboard Corporation. Retrieved 16 October 2016.
  5. ↑ "Unga Group's deal values NAS bakery at Sh1bn". Business Daily Africa. Nation Media Group. Retrieved 17 October 2016.
  6. ↑ "SA bottle firm mulls setting up Kenya factory". Business Daily Africa. NMG. 25 January 2015. Retrieved 17 October 2016.
  7. ↑ "Company Profile – Unga Group". Reuters. Archived from the original on 7 May 2015. Retrieved 17 October 2016.
  8. ↑ "Company Profile – Unga Group" . Retrieved 16 October 2016.
  9. ↑ "Unga Limited – About Us". Unga Group. Retrieved 16 October 2016.
  10. ↑ "Unga Farm Care (EA) Limited" . Retrieved 16 October 2016.
  11. ↑ "Unga Millers (U) Limited" . Retrieved 16 October 2016.
  12. ↑ "Ennsvalley Bakery" . Retrieved 16 October 2016.
  13. ↑ "Unga Group 2015 Annual Report" (PDF). Unga Group. 30 June 2015. Retrieved 16 October 2016.
  14. ↑ "Ndegwa family diluted in Unga's buyout of bakery". Business Daily Africa. NMG. Retrieved 17 October 2016.
  15. ↑ "Board of Directors". Unga Group. Retrieved 16 October 2016.
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