Kakuzi Limited Appoints Nicholas Nganga as Board Chairman, as Dr. John Kibunga Kimani also joins Board.

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Kakuzi Plc, an agricultural firm listed on the Nairobi Securities Exchange has appointed Nicholas Ng’ang’a as its Board Chairman with immediate effect.

Nicholas takes over from Graham Mclean who stepped down from the position but remains a Non-Executive Director.

Nicholas Ng’ang’a is the former Safaricom Board Chairman. Changes at the boardroom come amid boycotts of its supplies to UK retail stores over allegations of human rights abuses.

Further, Kakuzi Plc has appointed Dr. John Kibunga Kimani one of the largest shareholders to sit on the board as a Non-Executive Director starting from 1st November 2020.

Dr. Kimani has a BSc in Agriculture (Makerere University), an MSc in Agricultural Economics (Reading University, UK), and a Ph.D. in Development Studies, Economics, and Social Anthropology (University of Sussex UK). He is also a member of the Agricultural Society of Kenya and a member of the Avocado Exporters of Kenya.

Dr. Kimani is a guru investor in listed stocks with extensive experience and interest in the agricultural sector, including planning, development, and administration of smallholder agricultural extension programs.

He also holds considerable stakes in the Nation Media Group, Safaricom, and the East African Breweries.

Dr. Kimani is also known for the development and management of smallholder irrigation projects and preparing extended range plans for water and land resources across Kenya.

He previously led a planning team in the Tana and Athi river basins in the Kenyan coastal region.

Some of his noticeable accolades include working with the World Bank, DANIDA of Denmark, Jica of Japan, SNV of the Netherlands, and the GTZ of Germany.

Kakuzi is a leading agricultural firm with huge investments in the growth of tea and coffee, cultivation of avocados, growing of pineapples, livestock farming, macadamia, and fruits.

Following the media outrage of human rights claims in the UK, Kakuzi is establishing an Independent Human Rights Advisory Committee (IHRAC), which will comprise of experienced and distinguished individuals from human rights players.

Andrew Njoroge one of the non-executive independent directors of Kakuzi Plc will sit on the IHRAC board.

“Kakuzi sells its products both locally and across the world. We must always ensure our corporate policies and human rights processes evolve to accommodate feedback and input from our employees, communities and other stakeholders, wherever they are based,” said Nicholas Ng’ang’a.

The measures taken by the board are mean to improve the company’s corporate governance structure and public image.

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Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: anthony@finsolutions.co.ke Contact: +254 780216631

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