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

milk-plant

New KCC allocated Sh400m to set up powder milk plant

18th Sep 2015

New Kenya Cooperative Creameries (New KCC) will be allocated Sh400 million in the financial year starting July to establish its first powder milk plant. The Budget committee has directed the Treasury to allocate the state-owned firm the cash to set up a plant which will absorb excess milk from farmers, sparing them the losses such as those witnessed in 2010…Read More