TRADE TIES

Kakuzi exports first batch of cattle to Uganda

It marks the completion of the inaugural export delivery under its diversification strategy.

In Summary
  • Despite the blueberry volumes being significantly low vis-a-vis the avocado and macadamia outputs, the firms says its revenue stream is still firm.
  • Performance of the tea, forestry, livestock and arable land operations continue to play their important role in the crop portfolio.
Boran cattle.
Boran cattle.
Image: HANDOUT

Listed agribusiness firm Kakuzi Plc has delivered 181 Boran breeding heifers worth Sh13.5million to Uganda, in a diversification bid to grow its business.

Marking the completion of the inaugural export delivery, the firm says it is keen on furthering its diversification plan for more revenue.

This is from its commercial forestry, macadamia, avocado, blueberry, tea and livestock investments.

Kakuzi's managing director Chris Flowers said their business lines provide much-needed leverage to unlock value and ramp up target profits based on the business diversification strategy.

"Although our blueberry volumes are still significantly low vis-a-vis the avocado and macadamia outputs, the revenue stream remains firmly within the business plans and inspires further investments," Flowers said.

He added that the performance of the tea, forestry, livestock and arable land operations continue to play their important role in the crop portfolio.

The breeding heifers from Kakuzi’s Makuyu livestock paddocks have been were delivered to Mpala Farm, in Kawempe Division, Central Uganda.

The exports come on the back of a steady recovery of the firm’s livestock operations from the recent drought, with sales beginning to pick. 

Flowers further said the Kakuzi goat meat venture is also expected to boost growth, with initial sales due to commence in the second half of this year.

Under the livestock business stream, Kakuzi is currently rearing a herd of more than 4,420 Boran cattle. 

The firm has also expanded its Rhodes grass production to meet demand from Murang’a, Kiambu, Nyeri, Meru and Laikipia livestock farmers. 

 

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