Kenya: Kitui Flour Mills Diversifies Into Edible Oil Business on Rising Demand

19 April 2023
Capital FM (Nairobi)

Nairobi — Maize and wheat flour company Kitui Flour Mills has diversified into edible cooking amid high demand for the product.

The manufacturer of Unga wa Dola (maize and wheat flours) enters a market that is very competitive with brands such as Pwani Oil and Fresh Fry, among others.

The edible oil will be manufactured at its Vipingo plant in Kilifi County, spurring the area's economy.

"We are pleased to launch Dola cooking oil which demonstrates our commitment to the Kenyan market as a company rooted in Kenya for over 50 years," said the firm's Finance Director, Anwar Bajber.

Kenya's edible oil market revenue is expected to grow at a compound annual growth rate (CAGR) of 13.37 percent while volume is expected to grow at 4.75 percent for the period between 2023 and 2028, according to market intelligence firm Research and Markets.

Retail will be aided by population growth, urbanization, and the post-pandemic economic recovery.

"We will continue to invest in and grow with Kenya, with a common vision of a safe, dynamic and innovative path forward in the food sector and are keen to continue to identify and pursue opportunities to do so working with our partners and stakeholders," Bajber added.

Read the original article on Capital FM.

Tagged:
Copyright © 2023 Capital FM. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.