Kakuzi diversification strategy bears fruit

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Listed agribusiness firm Kakuzi Plc shareholders have begun to enjoy the company’s diversification fruits even as plans to broaden revenue streams continue to be scaled up, Chairman Nicholas Ng’ang’a has said.

Speaking at the 94th Kakuzi PLC Annual General Meeting (AGM) held virtually this morning, Ng’ang’a assured the firm’s shareholders that strategic plans had been activated to accelerate and enhance shareholder returns by diversifying the variety of produce delivered to both the domestic and international markets.

At the AGM, the firm’s shareholders unanimously voted for a KSh. 22 dividends per share, representing a 22% growth from the KSh. 18 per share paid out the previous year, continuing to make Kakuzi PLC one of the best performing returns on investment firms at the NSE. This increase in dividend payments from Ksh 352 million to Ksh 431 million reflects the Company’s strong financial position whilst accounting for the future investments in key long term strategic developments.

The diversification strategy features the production of superfoods such as Macadamia and Blueberries and is now being complemented with the rearing of goats for meat, agroforestry and a range of retail products for the domestic market.

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