LIPA-NA-MPESA-LAUNCH

New KCC partners with Safaricom in Lipa na M-Pesa Rollout

23rd Nov 2015

Safaricom has announced a new partnership with dairy processor New KCC that will see the roll out of a Kshs. 55.7 million cashless solution aimed at increasing business efficiency and addressing the risks involved in cash handling. The new system will among other things allow for order processing, access to real time reports on deliveries as well as creation of…Read More

milk-plant

New KCC upgrades long-life milk plants to cash in on market glut

12th Nov 2015

New KCC is upgrading its milk dryers ahead of the expected glut to convert deliveries into powder and other long life products for domestic and export market. The milk volumes at the state-owned firm are expected to double in the coming days due to the ongoing rains in major milk producing zones, which has led to improved forage in the…Read More

New-KCC

New KCC to get Sh400m repair, says DP Ruto

12th Nov 2015

THE state will spend Sh400 million to repair and modernise machinery at the New KCC dairy company in Eldoret, Deputy President William Ruto has said. Some Rift Valley farmers have opposed the company’s privatisation, arguing that powerful people are scheming to take over its Sh6 billion assets. “Farmers supply only about 120,000 litres per day at the KCC in Eldoret,…Read More

nkcc

New KCC valued at Sh4.8bn ahead of privatisation

12th Nov 2015

The New Kenya Co-operative Creameries (New KCC) had an asset base of Sh4.8 billion as at February 2014, a due diligence report on the planned privatisation of the milk processor shows. The draft report dated February 20, 2014 was prepared by a consortium of firms led by Standard Investment Bank (SIB). Other firms involved in drafting the report include Deloitte…Read More