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I see BIDCO Relocating to Uganda
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Caveman
#1 Posted : Monday, June 23, 2014 10:44:26 PM
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Joined: 4/15/2009
Posts: 371
I raised my head(...has helmet) above the ground and saw BIDCO relocating its offices from Kenya. They were headed to Uganda. I have no link.....but you can dig up this post when it happens and discover you were informed in advance.
The reason for relocation is not insecurity.
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murchr
#2 Posted : Monday, June 23, 2014 10:55:58 PM
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Joined: 2/26/2012
Posts: 15,980
Most of their raw material is grwn there (palm)and i think they have a plant there. Relocating .... i dont think so
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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VituVingiSana
#3 Posted : Tuesday, June 24, 2014 6:50:00 AM
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Joined: 1/3/2007
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Location: Nairobi
BIDCO's largest market remains Kenya and most of the imports [palm oil] comes via Mombasa so until Dar-es-Salaam ups its game and forces firms to process palm oil in Tanzania [for the SADDC market] there is no reason for BIDCO to move.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gathige
#4 Posted : Tuesday, June 24, 2014 3:32:28 PM
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murchr wrote:
Most of their raw material is grwn there (palm)and i think they have a plant there. Relocating .... i dont think so



Palm oil is imported from Asia- Malaysia, Indonesia etc. The Ugandan farms are new and not in very large scale.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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shocks
#5 Posted : Wednesday, June 25, 2014 2:21:41 AM
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Joined: 3/15/2009
Posts: 360
Caveman wrote:
I raised my head(...has helmet) above the ground and saw BIDCO relocating its offices from Kenya. They were headed to Uganda. I have no link.....but you can dig up this post when it happens and discover you were informed in advance.
The reason for relocation is not insecurity.


In fact they are expanding their Thika operations. Maybe they are just relocating some functions there

Business Daily article
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