[RwandaLibre] Re: FPR irarimba ko ubucuruzi bw'amata bwiyongera mu Rwanda nyamara abyanywa cynagwa ngo babone aho bayagurira mu Rwanda ni mbarwa.
Voici l'article, mais comme j'envoie bcp de postings, il est mieux de
googler pour avoir d'autres versions.
Brookside eyes stake in Kagame-linked food company.
Workers pack milk at the processing and packaging section of Inyange
Industries. Photo/FILE NATION MEDIA GROUP
By BY BD REPORTER in KIGALI
Posted Monday, November 25 2013 at 20:14
IN SUMMARY
Inyange, Rwanda's leading food processing company, is in talks with
the Kenyan dairy firm--which is owned by President Uhuru Kenyatta's
family
Crystal Ventures Ltd, an investment arm of ruling party Rwanda
Patriotic Front that owns Inyange, confirmed the talks between the two
companies although details on the deal remain scanty
Brookside Dairy plans to buy majority shares in a Rwandan food
processing firm owned by President Paul Kagame's party.
Inyange, Rwanda's leading food processing company, is in talks with
the Kenyan dairy firm--which is owned by President Uhuru Kenyatta's
family, to sell a 51 per cent controlling stake in a bid to expand its
operations to East African region.
Crystal Ventures Ltd, an investment arm of ruling party Rwanda
Patriotic Front that owns Inyange, confirmed the talks between the two
companies although details on the deal remain scanty.
The deal underlines the acquisition appetite of Brookside--which
recently completed the Sh1.1 billion acquisition of rival Buzeki
Dairy, the maker of Molo Milk brand and its quest for a 20 per cent
stake in Ethiopia's milk processor, Elemtu Dairy.
"Talks between the two companies are ongoing although right now the
information is still confidential," said Mr Jack Kayonga, the chairman
of Crystal Ventures' board of directors.
Inyange, with current investment of up to $70 million, will lose the
decision-making role should it retain 49 per cent.
The firm produces milk, water and juice, and it hopes to take this
advantage to the region since it is one of the few companies in East
Africa that manufactures the three products at one go.
The takeover is expected to build the company's capacity in terms of
expertise and financial resources in its quest to expand in the
region.
Crystal Ventures would raise over $120 million (Sh1 billion) when the
deal with Brookside is concluded.
The deal will be in line with Brookside's expansion strategy that
mainly hinges on buyouts which help it avoid fights with rivals in the
race for market share gains.
Buzeki was Brookside's latest takeover of a rival firm in a series
that has seen it take control of Ilara, Delamere and SpinKnit (makers
of Tuzo milk brand).
The acquisitions pushed Brookside's share of the processed milk market
to 44 per cent, cementing its position as Kenya's largest dairy firm.
If successful, Elemtu Dairy will offer Brookside lessons as it seeks
to enter Nigeria--Africa's most populous country.
Brookside has presence in Uganda, Tanzania and Kenya.
Mr Kenyatta's assumption of the presidency has injected fresh energy
into his family's commercial empire, putting a number of its units on
an expansion mode that is expected to consolidate its position as one
of the largest business dynasties in Kenya.
The business empire that is associated with Kenya's founding president
Mzee Jomo Kenyatta has in recent months made fresh bets in the
hospitality, dairy, media and banking sectors.
Besides Brookside, high-end Heritage Hotels, Commercial Bank of Africa
(CBA) and Mediamax Group, which owns K24 TV, Kameme Radio and
The People
newspaper, top the list of Kenyatta's business empire that are
revamping their operations.
The story first ran in Rwanda Today.
http://www.google.ca/gwt/x?gl=CA&hl=en-CA&u=http://www.businessdailyafrica.com/Corporate-News/Brookside-eyes-stake-in-Kagame-linked-food-company/-/539550/2088276/-/126qeru/-/index.html&q=kagame+milk+uhuru+kenyatta+kenya&sa=X&ei=KecxU8iXE-OiyAHC5ICoAw&ved=0CBYQFjAA
--
SIBOMANA Jean Bosco
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