Unga Group Limited (UNGA.ke)

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. 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. 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.

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UNGA GROUP PLC

Customer service: Nairobi: 020-7603062, Eldoret Plant: 020-760306 Customer care: Nairobi: 0740-666000, Eldoret Plant: 020-7603250 Phone: +254 20 3933322 Email: information@unga.com

Nairobi Securities Exchange – NSE

 

MANUFACTURING & ALLIED INDUSTRY

COMPANY NAME

ISIN CODE

TICKER

MARKET CAP

KE0000000042

BOC

 

KE0000000075

BAT

 

KE0000000117

CARB

 

KE0000000216

EABL

 

KE4000001323

FTGH

 

KE0000000331

ORCH

 

KE0000000372

MSC

 

KE0000000497

UNGA

 
Reports

Financial Reports for UNGA GROUP LTD

Unga Group Limited (UNGA.ke) listed on the Nairobi Securities Exchange under the Food sector has released its annual reports.

For more information about Unga Group Limited (UNGA.ke) reports, abridged reports, interim earnings results and earnings presentations visit the Unga Group Limited (UNGA.ke) company page on AfricanFinancials.

Financial Report

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Unga Group faces higher borrowing costs on Central Bank Rate increase

Unga Group is facing higher financing costs in the wake of the weakening shilling and the rise in the Central Bank Rate (CBR), which serves as the base for the pricing of some of its borrowings. The company and its subsidiaries had taken loans—priced on the CBR plus a margin of three to 3.1 percent—amounting to Sh1.1 billion as of June 2023, according to its latest annual report.

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Unga Group Posts KShs 341.6mn Net Loss

Unga Group Plc, the only listed miller at the Nairobi Securities Exchange(NSE) sunk deeper into loss territory, with a net loss of KSh 341.6 Million for the half year ended 31st December 2023 from a net loss of KSh 131.3 million over a similar period in 2022. Profitability for this period was negatively affected by the high input costs. There has been a local supply deficit resulting in increased importation at increased raw material and shipping expenses.

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CBK Key Rates
Central Bank Rate13.00%03/04/2024
Inter-Bank Rate13.73%19/04/2024
CBK Discount Window17.00%03/04/2024
91-Day T-Bill15.803%22/04/2024
REPO8.94%11/08/2023
Inflation Rate5.7%March,2024
Lending Rate15.2%January,2024
Savings Rate3.69%January,2024
Deposit Rate10.18%January,2024
KBRR8.9%27/06/2016