Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi

Fraud

PART 1 of 20 : WHO OWNS BIDCO ? #BIDCOExposed .

bidco11

Bidco is a Multinational consumer Goods Company . Maybe you use or have used their products that include Edible Oils, Fats , Margarines , Laundry bars and even detergents . Personal care products and animal products also form part of their wide range of products .

The expansion of Bidco has been exponential and sometimes controversial . In the year 1998, they acquired Elianto unit from Unga group a firm listed in the NSE . This was actually the first major acquistion by BIDCO. In the year 201, they spread their wings to Tanzania through the creation of BIDCO oil and SOAP limited in Dar-Es-Salaam.

They later acquired Unilever leading Brands in Edible oil and Soap business in Kenya. This was in the year 2002. Bidco Uganda Limited Complex was started in 2005 in Jinja Uganda. The Jinja plant has been producing products for both the Ugandan and the international market .

Their manufacturing factories are located in Kenya Uganda and Tanzania . According to various reputable sources, BIDCO products are also marketed to 13 other African countries.

Now,  Bidco has been accused of  Grabbing land from Poor Ugandan farmers and poorly compensating others with little money that cannot even feed a cockroach.

Most of these farmers used to depend on this land for their Livelhood. They need their land  ack, that is not debatable .

So who owns BIDCO group ? Well, the stock of BIDCO Africa is a wholly owned subsidiary of Hemby Holdings Limited a privately held investment of Bhimji Depar Shah and his family .

 


Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.


Comments

comments

Click to comment

Facebook

You May Also Like

News

*Editor’s Note: This open letter to Safaricom has been published as received. No redactions have taken place to avoid legal issues pending a court...

News

This is an intervention for Victoria Rubadiri so as to help her revert back to factory settings. We notice your slow drift away into...

News

Caption : Edwin Kigen Who was Murdered in Madaraka Estate. We demand for answers from Boinnet ! Another young man may have been brutally assaulted and...

News

CAPTION: Reformed street-urchins like this lot are dominating the airwaves and being allowed to spread the disease of anti-intellectualism.  As you may have all...

Copyright © 2020 Cyprian Is Nyakundi.