Jamani wrote:kenyainvesting.blogspot.com wrote:With the Kenyan economy being severely tested by high oil prices and insufficient rains, cautious investors might want to take a look at defensive stocks at the NSE
LINK:
DEFENSIVE STOCKS AT THE NSE The link mentions tea and coffee as a must take at hard times, with this comes sugar, so can one regard Mumias as a defensive stock
Mumias have all sorts of problems.
With the end of COMESA safeguards looming, they are yet to start implementing measures they had planned for years ago.
What happened to the TARDA Project?
The government through the Privatisation Commission is also delaying the sale of sugar millers, which Mumias has a keen eye on.
Plus not all people put sugar in their tea
What I had in mind was businesses that sell tea/coffee e.g Starbucks.