Lifestyle.co.keLifestyle.co.ke

    Subscribe to Updates

    Get the latest creative news from Lifestyle.co.ke about fashion, career, relationships and business.

    What's Hot

    Sarbjit Singh Rai: The Tycoon Operating Mumias Sugar Company

    Cynthia Karuri-Kropac: The New Safaricom Enterprise Manager Poached From US AT&T

    Education Background Of Citizen TV News Anchors

    Facebook Twitter Instagram
    Lifestyle.co.ke Lifestyle.co.ke
    Subscribe
    • Home
    • Health
      1. Men’s health
      2. Women’s health
      3. Childcare
      4. Food
      Featured
      Recent

      Carolyne Wanjiku: Waitress Who Founded Successful Biogas Company With Ksh100K

      Salome Chiira: From A Nurse To Owning Radiant Group of Hospitals

      Banice Mburu: 28-Year-Old At The Helm Of 38-Year-Old Kimisitu Sacco With Over 12K Members

    • Social
      1. Bio
      2. Wealth
      3. Celebrities
      4. Institutions
      Featured
      Recent

      Carolyne Wanjiku: Waitress Who Founded Successful Biogas Company With Ksh100K

      Salome Chiira: From A Nurse To Owning Radiant Group of Hospitals

      Banice Mburu: 28-Year-Old At The Helm Of 38-Year-Old Kimisitu Sacco With Over 12K Members

    • Relationships
      1. Dating
      2. Marriage
      3. Sex
      Featured
      Recent

      Carolyne Wanjiku: Waitress Who Founded Successful Biogas Company With Ksh100K

      Salome Chiira: From A Nurse To Owning Radiant Group of Hospitals

      Banice Mburu: 28-Year-Old At The Helm Of 38-Year-Old Kimisitu Sacco With Over 12K Members

    • Technology
      • Apps
      • Gadgets
      • Computing
      • Gaming
      • Mobiles
      • Gear
    • Careers
      1. Business ideas
      2. Careers
      Featured
      Recent

      Carolyne Wanjiku: Waitress Who Founded Successful Biogas Company With Ksh100K

      Salome Chiira: From A Nurse To Owning Radiant Group of Hospitals

      Banice Mburu: 28-Year-Old At The Helm Of 38-Year-Old Kimisitu Sacco With Over 12K Members

    • Fashion
    Lifestyle.co.keLifestyle.co.ke
    Home»Careers»Business ideas»Kakuzi PLC Increases Workers’ Salary By 18 Percent
    Business ideas

    Kakuzi PLC Increases Workers’ Salary By 18 Percent

    2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email WhatsApp

    Kakuzi PLC has entered a deal with it’s workers to get a nine percent salary increment this year and a nine percent hike next year as well.
    The signed collective bargaining agreement (CBA) between the agricultural firm and the Kenya Plantation and Agricultural Workers Union (KPAWU) was announced on Thursday, December 1.
    In a statement, Kakuzi CEO Chris Flowers said the pay hikes were effective last month.
    “As part of the agreement with KPAWU, the firm will backdate the due payments to January this year. The company will load the other nine percent increase onto the Kakuzi unionisable staff salaries in January next year,” he said.
    The salary increment increased the company’s payroll costs to Ksh 920.2 million from Ksh 810.8 last year.
    Kakuzi has 3,662 employees in the year ended December 2021, with most of them on short-term contract.
    In August, the firm posted a Ksh 341.3 million half-year net profit, a 75 per cent growth from Ksh 194.6 million posted within the same period last year.
    The impressive performance was attributed to increased sales of the firm’s avocado and macadamia crops.
    The same was also attributed to the steadily growing revenues from its market and product diversification efforts.
    The firm’s total sales grew to Ksh 1.02 billion, up from Ksh 888.95 million booked within the same period last year.
    Flowers disclosed that the early season avocado prices on the international market had opened poorly but continued to recover at the close of the six months.
    “Having fruit in the market for as many months of the year as possible has helped shield us from the poor early season market. In addition, entry into China is vital for Kenya
    “Market prices may be similar to European levels, but such a high volume additional market gives us a choice and diversified sales options,” he said.
    Kakuzi also announced plans to venture into the international blueberry export market after signing a partnership with berries marketing firm Driscoll’s.

    READ ALSO  Teresa Wairimu: How Businesslady Started Venture With 5 Chicken To 10,000 After Failed Quail Business

    Our channel is committed to provide thoroughly researched articles on public figures in Kenya and across the world. Join our exclusive WhownsKenya Telegram group for all the latest factual information of your favourite personalities. We would also like to hear from you, WhatsApp us on +41 7747 93952.
    You must log in to post a comment.

    source

    Share. Facebook Email Twitter LinkedIn WhatsApp
    Previous ArticleRajesh Kerai: The Founder Of Dignity Furniture Stores
    Next Article AM Jeevanjee: From Hawking To Owning 70 Percent Of Nairobi, Founding The Standard Newspaper

    Related Posts

    Carolyne Wanjiku: Waitress Who Founded Successful Biogas Company With Ksh100K

    Salome Chiira: From A Nurse To Owning Radiant Group of Hospitals

    Banice Mburu: 28-Year-Old At The Helm Of 38-Year-Old Kimisitu Sacco With Over 12K Members

    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • 6 Things You Must Discuss With Your Partner Before Marriage
    • How to eat your way to a tighter vagina
    • 15 Small Dumb Things That Are Hurting Your Marriage
    • 4 Tips to Make a Relationship Last
    • Foods to keep your vagina happy and healthy
    Popular posts

    Education Backgrounds of the Newly Nominated Women PS’s

    Mercy Mugao: From A Jobless Graduate To Reaping Big Through Weaving Baskets

    Julius Mwale Announces Expansion Into Sierra Leon, Holds Meeting With President Julius Bio

    Kenya Govt To Start Productions Of Cheapest Smartphones In Africa

    Top Reviews

    Lifestyle.co.ke
    Facebook Twitter Instagram
    • Homepage
    • About Us
    • Privacy Policy
    © 2023 Lifestyle.co.ke. Designed by MAGNET SOLUTIONS

    Type above and press Enter to search. Press Esc to cancel.

    Posting....