Yet to get Ilimo Dairy dividends: Governor

Central Governor Robert Agarobe says they have not collected any dividends from its shareholding in the Ilimo Dairy Farm yet and will be calling for a shareholders meeting soon.

Governor Agarobe said this has been in their sights for some time.

“Since we have established Ilimo Dairy (Farm) we’ve never had an official board meeting yet, or a shareholders meeting as yet. That’s been on the radar. We are going to be calling a shareholders meeting shortly, as part of our prep work moving into next year.

“As yet really we have not collected any dividends from them and I guess those are discussions we will have at the shareholder meeting,” said the Governor.

The Ilimo Dairy Farm is a joint venture between Central Provincial Government, Kumul Agriculture Limited and Innovative Agro Industries Limited.

The Farm was established at a cost of K129 million and currently has 740 cows.

It has around 150 employees and produces natural full cream and dairy products.

Author: 
Cedric Patjole