Eaagads Limited
From Wikipedia, the free encyclopedia
| Industry | Food |
|---|---|
| Founded | 1946 |
| Headquarters | Nairobi |
Area served | Kenya |
| Products | Coffee |
| Website | www |
Eaagads Limited is a Coffee company in Kenya. It has headquarters in Nairobi and farms in Kiambu county. Eaagads Limited was incorporated in 1946 [1] and is listed on the Nairobi Securities Exchange and trades under the symbol EGAD.[2]
Eaagads is engaged growing, blending, and selling of coffee products both locally and in the international market. It is controlled and managed by Kofinaf Company Limited, a company registered in the Republic of Kenya.[3] Kofinaf holds 61.74% of the share capital of Eaagads [4]
In 2010, the company sold some of its land to Tatu City, a property development project by Moscow-based Renaissance Partners. This led to a price rally of the companies shares of 63.5% driven by investor expectations of huge gains from Kenya's booming real estate sector.[5] This rally come to an end when the firm's management clarified that Eaagads was not part of the Tatu City Project and would continue to operate as a Coffee company.[6]
