Unga Group share price declines to nine-year low

Workers load flour on to a truck for dispatch at Unga Limited plant in Eldoret.

Photo credit: File | Nation Media Group

Food processor Unga Group’s share price has fallen to a nine-year low of Sh21.85, at a time when the milling sector has been experiencing high input prices and increased competition that threatens sales growth.

The miller’s share on Thursday closed at its lowest level since February 13, 2014 (Sh21.75), having shed 29.5 percent of its valuation since the start of this month.

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