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Nilitaka kuandika hivyo hivyo ila huwa nahisi joto bado kijana kijana bhn au labda aje athibitisheAu [mention]joto la jiwe [/mention]
Battle: Dar es Salaam vs Nairobi
Battle: Dar es Salaam vs Nairobi
The best 007
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Geza Ulole
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Unga Group mulls abandoning grain milling business
SUNDAY DECEMBER 11 2022
An attendant arranges packets of maize flour at a supermarket in Kenya. Unga Group Holdings Ltd is considering abandoning grain milling business for a general food company after more than 110 years of operations. PHOTO | FILE | NMG
By JAMES ANYANZWA
More by this Author
Unga Group Holdings Ltd is considering abandoning grain milling business for a general food company after more than 110 years of operations.
The firm is grappling with falling revenues precipitated by rising competition in the milling business, falling demand for its products and the high cost of raw materials.
The regional flour miller, which is listed on the Nairobi Securities Exchange (NSE), revealed through its latest integrated report that it is working on a transition into a general food company to secure the future of the business.
“Looking ahead, we have observed changing consumer purchasing habits, particularly among younger consumers who prefer convenient, nutritious foods that are easy to prepare while also being health conscious,” said Joseph Choge, the Group’s managing director.
General food outfit
The group disclosed that a new product development team has been assembled to manage the firm’s transition from a milling outfit to a general food outfit.According to the report, wheat and maize prices increased during the financial year ended June 30 as a result of poor harvest, weakened local currency and adverse fiscal measures imposed by some of the exporting countries.
In addition, depreciation of the shilling against the dollar impacted importation costs, leading to substantial forex losses.
According to the report, more than 50 new millers have joined the sector over the past two years, resulting in an intensely competitive environment.
“In addition, we continue to be affected by cheap poultry imports from the region and fish from Asia, resulting in condensed market for our animal nutrition products,” reads report.
Economy recovered
Last year, Kenya’s economy recovered from the crippling effects of the pandemic to expand by 7.5 percent compared with a contraction of 0.3 percent in 2020. The recovery was mainly driven by resumption of most economic activities after the lifting of the containment measures instituted in 2020 to curb the spread of the virus.However, unfavourable weather conditions continued to constrain the growth of the agricultural sector, with production of maize declining by 12.8 percent to 36.7 million bags in 2021 from 42.1 million bags in 2020
Wheat production declined by 39.4 percent to 245,300 tonnes in 2021 from 405,000 tonnes in 2020 consequently increasing the amount of wheat imported by 6,400 tonnes to 1.89 million tonnes in 2021
Last year, Unga entered into an agreement to sell its bread making business to a logistics firm BigCold Kenya after branding the bakery business “unsustainable”.
Unga Group readies for shift to food company
The regional flour miller is grappling with falling revenues precipitated by rising competition in the milling business.
www.theeastafrican.co.ke
MY TAKE
Pembe flour milling is next!
Huwezi kungangania production wakati mahindi huna illichobaki waimport unga wa Azam tuu.Unga Group mulls abandoning grain milling business
SUNDAY DECEMBER 11 2022
An attendant arranges packets of maize flour at a supermarket in Kenya. Unga Group Holdings Ltd is considering abandoning grain milling business for a general food company after more than 110 years of operations. PHOTO | FILE | NMG
By JAMES ANYANZWA
More by this Author
Unga Group Holdings Ltd is considering abandoning grain milling business for a general food company after more than 110 years of operations.
The firm is grappling with falling revenues precipitated by rising competition in the milling business, falling demand for its products and the high cost of raw materials.
The regional flour miller, which is listed on the Nairobi Securities Exchange (NSE), revealed through its latest integrated report that it is working on a transition into a general food company to secure the future of the business.
“Looking ahead, we have observed changing consumer purchasing habits, particularly among younger consumers who prefer convenient, nutritious foods that are easy to prepare while also being health conscious,” said Joseph Choge, the Group’s managing director.
General food outfit
The group disclosed that a new product development team has been assembled to manage the firm’s transition from a milling outfit to a general food outfit.
According to the report, wheat and maize prices increased during the financial year ended June 30 as a result of poor harvest, weakened local currency and adverse fiscal measures imposed by some of the exporting countries.
In addition, depreciation of the shilling against the dollar impacted importation costs, leading to substantial forex losses.
According to the report, more than 50 new millers have joined the sector over the past two years, resulting in an intensely competitive environment.
“In addition, we continue to be affected by cheap poultry imports from the region and fish from Asia, resulting in condensed market for our animal nutrition products,” reads report.
Economy recovered
Last year, Kenya’s economy recovered from the crippling effects of the pandemic to expand by 7.5 percent compared with a contraction of 0.3 percent in 2020. The recovery was mainly driven by resumption of most economic activities after the lifting of the containment measures instituted in 2020 to curb the spread of the virus.
However, unfavourable weather conditions continued to constrain the growth of the agricultural sector, with production of maize declining by 12.8 percent to 36.7 million bags in 2021 from 42.1 million bags in 2020
Wheat production declined by 39.4 percent to 245,300 tonnes in 2021 from 405,000 tonnes in 2020 consequently increasing the amount of wheat imported by 6,400 tonnes to 1.89 million tonnes in 2021
Last year, Unga entered into an agreement to sell its bread making business to a logistics firm BigCold Kenya after branding the bakery business “unsustainable”.
Unga Group readies for shift to food company
The regional flour miller is grappling with falling revenues precipitated by rising competition in the milling business.
MY TAKE
Pembe flour milling is next!
Amari
JF-Expert Member
- Nov 16, 2021
- 974
- 2,144
Huo ndio Unga wa bei ghali kuliko wote kenya. Ndio kampuni kubwa na brand kubwa zaidi. Kama kuna kampuni mpya zimeingia maana yake wateja wanakimbilia kwenye Unga wa bei rahisi wa hizo kampuni mpya.Unga Group mulls abandoning grain milling business
SUNDAY DECEMBER 11 2022
An attendant arranges packets of maize flour at a supermarket in Kenya. Unga Group Holdings Ltd is considering abandoning grain milling business for a general food company after more than 110 years of operations. PHOTO | FILE | NMG
By JAMES ANYANZWA
More by this Author
Unga Group Holdings Ltd is considering abandoning grain milling business for a general food company after more than 110 years of operations.
The firm is grappling with falling revenues precipitated by rising competition in the milling business, falling demand for its products and the high cost of raw materials.
The regional flour miller, which is listed on the Nairobi Securities Exchange (NSE), revealed through its latest integrated report that it is working on a transition into a general food company to secure the future of the business.
“Looking ahead, we have observed changing consumer purchasing habits, particularly among younger consumers who prefer convenient, nutritious foods that are easy to prepare while also being health conscious,” said Joseph Choge, the Group’s managing director.
General food outfit
The group disclosed that a new product development team has been assembled to manage the firm’s transition from a milling outfit to a general food outfit.
According to the report, wheat and maize prices increased during the financial year ended June 30 as a result of poor harvest, weakened local currency and adverse fiscal measures imposed by some of the exporting countries.
In addition, depreciation of the shilling against the dollar impacted importation costs, leading to substantial forex losses.
According to the report, more than 50 new millers have joined the sector over the past two years, resulting in an intensely competitive environment.
“In addition, we continue to be affected by cheap poultry imports from the region and fish from Asia, resulting in condensed market for our animal nutrition products,” reads report.
Economy recovered
Last year, Kenya’s economy recovered from the crippling effects of the pandemic to expand by 7.5 percent compared with a contraction of 0.3 percent in 2020. The recovery was mainly driven by resumption of most economic activities after the lifting of the containment measures instituted in 2020 to curb the spread of the virus.
However, unfavourable weather conditions continued to constrain the growth of the agricultural sector, with production of maize declining by 12.8 percent to 36.7 million bags in 2021 from 42.1 million bags in 2020
Wheat production declined by 39.4 percent to 245,300 tonnes in 2021 from 405,000 tonnes in 2020 consequently increasing the amount of wheat imported by 6,400 tonnes to 1.89 million tonnes in 2021
Last year, Unga entered into an agreement to sell its bread making business to a logistics firm BigCold Kenya after branding the bakery business “unsustainable”.
Unga Group readies for shift to food company
The regional flour miller is grappling with falling revenues precipitated by rising competition in the milling business.
MY TAKE
Pembe flour milling is next!
Maana yake ni kwamba, purchasing power ya wakenya imeshuka sana. Hawamudu vitu vya gharama kama hivyo.
Ni Sawa na hapa Bongo kutumia Unga wa Mama Anna.
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,911
- 103,771
Walizuia Azam kujenga milling plant Mombasa!
Sama boy 255
JF-Expert Member
- Mar 5, 2021
- 13,806
- 41,703
Atii .? 🤣🤣 👇
dopchinski
JF-Expert Member
- Mar 11, 2021
- 3,387
- 3,683
africa tuko nyuma walai... heb cheki maneno hapa👇🏽
this is wht would be reffered to as
'The Real Real Estate, in the Utopia World !'...
"Touring Michael Jordan's Mansion" right in his hometown of Chicago, Illinois 💥💥
this is wht would be reffered to as
'The Real Real Estate, in the Utopia World !'...
"Touring Michael Jordan's Mansion" right in his hometown of Chicago, Illinois 💥💥
NDINDA
Platinum Member
- Apr 4, 2011
- 10,726
- 49,572
Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,911
- 103,771
aaawapii! leta evidence ya doublestack wagons zikikatiza hapo!
joto la jiwe
JF-Expert Member
- Sep 4, 2017
- 26,111
- 46,621
chongchung
JF-Expert Member
- Jun 23, 2013
- 14,316
- 45,124
Dah aisee the level of poverty here is unmanageable, NairobiWalker una uhakika hapa sio Mogadishu?
Halafu ndio CBD hii, manual laundry hawkers everywhere (never seen before), horrific roads, camel Uber at CBD? 🐫 😢
Hii ndio Africa capital mnayosema?
Heaps of garbage all around 🚮
Everyone wants to loot muzunguz pennies 😷
joto la jiwe
JF-Expert Member
- Sep 4, 2017
- 26,111
- 46,621
joto la jiwe
JF-Expert Member
- Sep 4, 2017
- 26,111
- 46,621
Kwani kijana mwisho wapi?, Kwasababu uzee mwisho ni Chalinze, Sasa Mimi nipo huku Mwakaleli, MbeyaNilitaka kuandika hivyo hivyo ila huwa nahisi joto bado kijana kijana bhn au labda aje athibitishe
Sent from my itel L5007 using JamiiForums mobile app
chongchung
JF-Expert Member
- Jun 23, 2013
- 14,316
- 45,124
Nairobi na yenyewe ndio kama poverty HQ ya Kenya, acha wazungu mabwana zenu wawaambie wenyewe, tukiwaambia sisi mnasema tunawaonea wivu!
instanbul
JF-Expert Member
- Jun 26, 2016
- 12,544
- 19,491
Huyo mzungu analalamika watu wanamuomba hatari....mtaa mzima wote wanaomba hela...Dah aisee the level of poverty here is unmanageable, NairobiWalker una uhakika hapa sio Mogadishu?
Halafu ndio CBD hii, manual laundry hawkers everywhere (never seen before), horrific roads, camel Uber at CBD?
Hii ndio Africa capital mnayosema?
Heaps of garbage all around
Everyone wants to loot muzunguz pennies
The level of poverty iko Nairobi haisimuliki....
Halafu nguvu ya kujisifia wanaitoa wap
chongchung
JF-Expert Member
- Jun 23, 2013
- 14,316
- 45,124
Kunyans denialism to win 5 seconds online psychology comfort 😂😂😂
Mkunya yupi hajawahi kwenda CBD (gikomba) 😂 au ni wewe Teargass huyu? 🤣
instanbul
JF-Expert Member
- Jun 26, 2016
- 12,544
- 19,491
Hebu linganisha Nairobi na Dar halisi aiseee...
Ni mbingu na Ardhi...
Sijui hilo neno developed sijui bra bra wanazitoaga wap hao watu...
Hebu Tazama dar palivyo pasafi, modern, watu wasafi...hata ukiangalia hao machinga barabarani hawatupi taka ovyo...
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