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Unga Group has restructured its operations in a cost-cutting move that will see chief executive Joseph Choge take additional roles of running two subsidiaries whose former leaders recently left...
Unga’s bread and butter on the line over Covid shocks, delayed payments Monday May 24 2021 Workers at Unga Ltd in Eldoret, in Keya's Rift Valley. The 113-year-old company is close to the brink of falling in the red. PHOTO | JARED NYATAYA | NMG Summary It attributes weakening financial position to reduced demand for its products, restructuring costs, increased cost of raw materials and delayed payments from Kenya for grain supplied in support of the government-led maize subsidy programme more than three years ago. Advertisement Regional flour maker Unga Group Holdings Ltd has branded its ba...