parliament
BUSINESS

American investor acquires stake in Mukwano Group

Mukwano Group of Companies factory premises in Industrial Area, Kampala. An American investor has bought stake in the firm (FILE PHOTO)

KAMPALA – Mukwano Group of Companies, one of the leading conglomerates in the Eastern and Central Africa has sold a stake to American investors.

Details of the deal to be announced this evening are not yet available to a source close to the negotiations confirmed a settlement had been reached.

PML Daily will bring the details as they emerge.

Established in 1910 when members of the family first set foot in East Africa, the Mukwano Group holds a strangehold in the manufacturing, agriculture, property development, supply-chain management and packing sectors on the regional economy, producing consumer goods ranging from laundry and toilet soaps, edible oils and fats, powder detergents, domestic and industrial plastics and packaged drinking water.

Mukwano ranks among the top 10 tax payers in Uganda and employs a workforce in excess of 7000 staff.

Details to follow……….

Comments

iInHouse

All rights reserved. The information contained in this website may not be published, broadcast, re-written or re- distributed without the prior written authority of the publishers

Copyright © 2017. PML Daily

To Top