Kakuzi drops pineapples for profitable avocados

A trader selling avocados at Kangemi market in Nairobi. PHOTO | DENNIS ONSONGO| NMG

Kakuzi #ticker:KUKZ is set to stop growing pineapples this year after over two decades planting the crop, signalling a radical shift for the agricultural firm, which is now increasing acreage for avocados whose demand has skyrocketed globally.

The NSE-listed firm revealed the strategic shift Friday when announcing a 5.2 per cent increase in net profit to Sh561.6 million for the year ended December.

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