Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
The process to replace Igathe, who will assume his new position on June 1, is currently underway/FILE

Kenya

Igathe gets regional post at Haco Tiger Brands

The process to replace Igathe, who will assume his new position on June 1, is currently underway/FILE

NAIROBI, Kenya, May 9 – Haco Tiger Brands Managing Director Polycarp Igathe has been promoted to regional Managing Director for Eastern Africa in the latest changes to executive responsibilities by the manufacturing firm.

The process to replace Igathe, who will assume his new position on June 1, is currently underway.

Under Igathe’s watch, the firm’s turnover has tripled and profits quadrupled over the past three years.

He was credited with leading integration of the venture between South African firm Tiger Brands and Haco in 2008 that saw industrialist and Haco Chairman Chris Kirubi acquire a 49 percent equity stake in the joint enterprise, and Tiger Brands 51 percent.

Since then, Haco Tiger Brands has invested Sh400 million in capital expenditure to boost capacity and match consumer demand in East Africa.

Tiger Bands is one of the largest manufacturers and marketers of fast-moving consumer goods in Africa, with a footprint extending across the continent and select countries globally.

The group has 50 manufacturing facilities with majority in South Africa (44), one in Kenya, Ethiopia, Cameroon and Chile with two in Nigeria.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...