Unga Group
From Wikipedia, the free encyclopedia
Unga Group Plc is a Kenyan-based holding company with its investments in the business of flour milling and manufacturing of human nutrition products and animal feeds.[2] The group has operations in Kenya and Uganda.
Chairperson of the Board
James Nyutu
Group CEO
| Company type | Public KN: UNGA |
|---|---|
| Founded | 1908 |
| Headquarters | Nairobi, Kenya |
Key people | Isabella Ochola-Wilson Chairperson of the Board James Nyutu Group CEO |
| Products | Animal Feeds, Maize and Wheat products[1] |
| Revenue |  KES: 18.5 billion (2015) |
| KES: 635 million (2015) | |
| Total assets | KES: 8.67 billion (2015) |
| Total equity | KES: 5.35 billion (2015) |
| Website | Homepage |
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.[3]
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.[4] Unga Groups operations were all transferred to the newly created subsidiary. Seaboard Corporation brought on-board capital and technical expertise.[5]
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.[6] 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.[7]
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.[8]
- Unga Holdings Limited – 65% Shareholding – Held through Unga Investments Limited. This is the holding company of all of the group's operating subsidiaries.[9]
- Unga Limited – Nairobi, Kenya – 100% Shareholding – Milling of maize and wheat for human consumption. Held through Unga Holdings Limited.[10]
- 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.[11]
- 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.[12]
- Ennsvalley Bakery Limited – Nairobi, Kenya – 52% Shareholding – Baking and sale of cakes, bread and pastries. Held through Unga Holdings Limited.[13]
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[update], the shareholding in the group's stock was as depicted in the table below:[14]
| 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.[15]
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.[16]