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.
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 companiesedit
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.[7]
Unga Holdings Limited – 65% Shareholding – Held through Unga Investments Limited. This is the holding company of all of the group's operating subsidiaries.[8]
Unga Limited – Nairobi, Kenya – 100% Shareholding – Milling of maize and wheat for human consumption. Held through Unga Holdings Limited.[9]
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.[10]
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.[11]
Ennsvalley Bakery Limited – Nairobi, Kenya – 52% Shareholding – Baking and sale of cakes, bread and pastries. Held through Unga Holdings Limited.[12]
Shareholdingedit
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[update], the shareholding in the group's stock was as depicted in the table below:[13]
Unga Group Limited Stock Ownership
Rank
Name of Owner
Percentage Ownership
1
Victus Limited
50.93
2
Moses Thara
5.03
3
Rakesh Prakash Gadani
4.58
4
Other Local & International Investors
39.46
Total
100.00
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]
Governanceedit
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]
Referencesedit
^"Contact Information – Unga Group". Retrieved 16 October 2016.
^"Unga Group – About us". Unga Group. Retrieved 16 October 2016.
^"Unga Group 2015 Annual Report" (PDF). Unga Group. 30 June 2015. Retrieved 16 October 2016.
^"Ndegwa family diluted in Unga's buyout of bakery". Business Daily Africa. NMG. Retrieved 17 October 2016.
^"Board of Directors". Unga Group. Retrieved 16 October 2016.
External linksedit
Unga Group at myStocks KE
Unga Group at Stockskenya
January 01, 1970
unga, group, limited, kenyan, based, holding, company, with, investments, business, flour, milling, manufacturing, human, nutrition, products, animal, feeds, group, operations, kenya, uganda, limitedcompany, typepublickn, ungafounded1908, years, 1908, headquar. 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 Unga Group LimitedCompany typePublicKN UNGAFounded1908 116 years ago 1908 HeadquartersNairobi KenyaKey peopleIsabella Ochola Wilson Chairperson of the Board Joseph Choge Group CEOProductsAnimal Feeds Maize and Wheat productsRevenueKES 18 5 billion 2015 Net incomeKES 635 million 2015 Total assetsKES 8 67 billion 2015 Total equityKES 5 35 billion 2015 WebsiteHomepage Contents 1 Overview 2 Member companies 3 Shareholding 4 Governance 5 References 6 External linksOverview editUnga 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 editThe companies that compose Unga Group include and are not limited to Unga Investments Limited 100 Shareholding This is the group s investment holding company 7 Unga Holdings Limited 65 Shareholding Held through Unga Investments Limited This is the holding company of all of the group s operating subsidiaries 8 Unga Limited Nairobi Kenya 100 Shareholding Milling of maize and wheat for human consumption Held through Unga Holdings Limited 9 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 10 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 11 Ennsvalley Bakery Limited Nairobi Kenya 52 Shareholding Baking and sale of cakes bread and pastries Held through Unga Holdings Limited 12 Shareholding editThe 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 update the shareholding in the group s stock was as depicted in the table below 13 Unga Group Limited Stock Ownership Rank Name of Owner Percentage Ownership 1 Victus Limited 50 93 2 Moses Thara 5 03 3 Rakesh Prakash Gadani 4 58 4 Other Local amp International Investors 39 46 Total 100 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 editUnga 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 References edit Contact Information Unga Group Retrieved 16 October 2016 Unga Group About us Unga Group Retrieved 16 October 2016 Unga s US shareholder earns Sh4 1bn in raw materials deal Business Daily Africa Nation Media Group 29 November 2012 Retrieved 17 October 2016 Unga Holdings Limited Seaboard Corporation Retrieved 16 October 2016 Unga Group s deal values NAS bakery at Sh1bn Business Daily Africa Nation Media Group Retrieved 17 October 2016 SA bottle firm mulls setting up Kenya factory Business Daily Africa NMG 25 January 2015 Retrieved 17 October 2016 Company Profile Unga Group Reuters Archived from the original on 7 May 2015 Retrieved 17 October 2016 Company Profile Unga Group Retrieved 16 October 2016 Unga Limited About Us Unga Group Retrieved 16 October 2016 Unga Farm Care EA Limited Retrieved 16 October 2016 Unga Millers U Limited Retrieved 16 October 2016 Ennsvalley Bakery Retrieved 16 October 2016 Unga Group 2015 Annual Report PDF Unga Group 30 June 2015 Retrieved 16 October 2016 Ndegwa family diluted in Unga s buyout of bakery Business Daily Africa NMG Retrieved 17 October 2016 Board of Directors Unga Group Retrieved 16 October 2016 External links editUnga Group at myStocks KE Unga Group at Stockskenya Retrieved from https en wikipedia org w index php title Unga Group amp oldid 1213155770, wikipedia, wiki, book, books, library,
