Unga Group Limited is a

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

n-based holding company with its investments in the business of

flour milling A gristmill (also: grist mill, corn mill, flour mill, feed mill or feedmill) grinds cereal grain into flour and Wheat middlings, middlings. The term can refer to either the Mill (grinding), grinding mechanism or the building that holds it. Grist i ...

and manufacturing of human nutrition products and animal feeds. The group has operations in Kenya and Uganda.

Overview

Unga Group was founded in 1908 making it one of Kenya's oldest companies. The group's headquarters are in

Nairobi Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...

with flour mills in

Eldoret Eldoret is a principal town in the Rift Valley region of Kenya and serves as the capital of Uasin Gishu County. The town was referred to by white settlers as Farm 64, 64 and colloquially by locals as 'Sisibo'. As per the 2019 Kenya Population ...

Nakuru Nakuru is a city in the Great Rift Valley, Kenya, Rift Valley region of Kenya. It is the capital of Nakuru County, and was formerly the capital of Rift Valley Province. As of 2019, Nakuru had an urban and rural population of 570,674 inhabitant ...

and

Mombasa Mombasa ( ; ) is a coastal city in southeastern Kenya along the Indian Ocean. It was the first capital of the British East Africa, before Nairobi was elevated to capital city status. It now serves as the capital of Mombasa County. The town is ...

. In 2000, Unga Group was in losses and entered into a strategic investment partnership with

Seaboard Corporation Seaboard Corporation is a diverse multinational agribusiness and transportation conglomerate with integrated operations in several industries. In the United States, the company mainly engages in pork production and processing and ocean transp ...

to form Unga Holding Limited as part of its recovery strategy. Unga Groups operations were all transferred to the newly created subsidiary. Seaboard Corporation brought on-board capital and technical expertise. 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. 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 Nampak (National Amalgamated Packaging) is a South African company based in Johannesburg, South Africa that specialises in the manufacturing and design of packaging. Nampak is the largest diversified packaging company in Africa. The company pro ...

Member companies

The companies that compose Unga Group include and are not limited to: * Unga Investments Limited – 100% Shareholding – This is the group's investment holding company. * Unga Holdings Limited – 65% Shareholding – Held through Unga Investments Limited. This is the holding company of all of the group's operating subsidiaries. * Unga Limited – Nairobi, Kenya – 100% Shareholding – Milling of maize and wheat for human consumption. Held through Unga Holdings Limited. * Unga Farm Care (East Africa) Limited – Nairobi, Kenya – 100% Shareholding – Manufacture of animal nutrition products and distribution of animal health products. Held through Unga Holdings Limited. * Unga Millers (U) Limited – Kampala, Uganda – 100% Shareholding – Milling of maize and wheat for human consumption and the distribution of animal health products. Held through Unga Holdings Limited. * Ennsvalley Bakery Limited – Nairobi, Kenya – 52% Shareholding – Baking and sale of cakes, bread and pastries. Held through Unga Holdings Limited.

Shareholding

The shares of the

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of Unga Group Limited are traded on the main market segment of the

Nairobi Securities Exchange The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in ...

, under the symbol: UNGA. , the shareholding in the group's stock was as depicted in the table below: 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.

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.

References

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External links

Unga Group at myStocks KEUnga Group at Stockskenya
Companies listed on the Nairobi Securities Exchange Manufacturing companies based in Nairobi 1908 establishments in the East Africa Protectorate