Kakuzi Plc shareholders have supported for the company’s diversification and expansion plans. The agribusiness firm is executing a sustainability-anchored agricultural portfolio diversification agenda.
Kakuzi Plc Managing Director Chris Flowers said the agenda, with a capital outlay of Kshs 100 million next year, focuses on key issues such as integrating Agricultural Technology (Ag-Tech), water stewardship, measuring and reducing carbon emissions, reducing waste products, and hopefully, introducing new commercial produce such as Blueberries and an expanded livestock range.
Kakuzi Board Chairman Nicholas Ng’ang’a said: “Our shareholders are our primary stakeholders, and we’re proud they can come to visit us today and understand how their investment is operating. We’re particularly proud to showcase our climate-smart agriculture, which speaks to the sustainability of their investment portfolio.”
Flowers added: “Market diversification for Kakuzi is a key part of our strategy not only for export but also for the growing domestic and regional markets. Having the combination of avocado, macadamia, and hopefully, blueberries as export crops being sent to Europe, China, India, the Middle East, America, Japan and the UK, as well as a strong domestic value addition range, we believe, gives us the greatest opportunities to minimise shareholder risks and maximise returns.”
The Kakuzi share register indicated that the number of shareholders were 1,395 as of 31 December 2023, up from 1,362 the previous year.
Kakuzi’s shareholder profile comprises 1,154 local individual investors with more than 8 million shares and 97 local institutional Investors with more than 5.5 million shares, among others.