January 26, 2015 4:11 PM ET

Food Products

Company Overview of New Kenya Co-operative Creameries Ltd.

Company Overview

New Kenya Co-operative Creameries Ltd. produces dairy and milk based products. The company is based in Nairobi, Kenya.

P.O. Box 30131

Nairobi,  00100

Kenya

Phone:

254 20 53 2535

Fax:

254 20 54 4879

Key Executives for New Kenya Co-operative Creameries Ltd.

Managing Director
Marketing Manager
Compensation as of Fiscal Year 2014.

New Kenya Co-operative Creameries Ltd. Key Developments

Update on New KCC's Privatization Plans

Nixon Sigey has been appointed as new Chief Executive Officer of New Kenya Co-operative Creameries Ltd. (New KCC), who is expected to navigate privatization plan of New KCC. The proposal was to allocate 42% stake to farmers, 20% to government, 4% to the staff and 32% would be floated at the Nairobi Securities Exchange.

New KCC's Privatization Rejected By Farmers

The privatization plan of New Kenya Co-operative Creameries Ltd. (New KCC) has been rejected by farmers in Rift Valley. The farmer wants New KCC to be fully reverted to them. The farmers, represented by Joseph Cherono said: "New KCC belonged to farmers."

Update on Privatization Plans

New Kenya Co-operative Creameries Ltd. members rejected privatisation plans of New Kenya Co-operative Creameries Ltd. Kipkorir Bitok, Chairman of Kenya Farmers' Association Limited said "We want farmers to be given 85 per cent of the company and there is no need whatsoever for a strategic investor to be brought on board."

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