Unga group posts losses despite duty free maize

Unga Group’s Jogoo maize flour brand. The firm plans to grow volumes and revenues through direct sales. [Willis Awandu, Standard]

Tax exemption on maize imports failed to lift listed flour miller Unga Group, which reported a Sh32 million loss for the year ending June this year.

Last year, Unga Group raked in a Sh508 million in profits as the sale of maize declined by two per cent.