Kumul Agriculture Limited (KAL)

New agriculture SOE gets NEC approval

The newly endorsed Kumul Agriculture Limited (KAL) will operate as a wholly owned subsidiary of Kumul Consolidated Holdings (KCH).

Minister for Public Enterprises and State Investments, William Duma, says KCH will transfer all legal titles of agricultural assets, whether held directly or indirectly, to KAL.

Kumul Agriculture board announced

Minister for Public Enterprises and State Investments, William Duma, congratulated the appointees, expressing his confidence in the team’s role in facilitating the establishment process of KAL.

“We are confident in the consolidation of all State owned agricultural assets as the move will be of greater benefit to our sovereign State. The Board of Directors will use their extensive knowledge and experience to drive this entity forward in achieving its purpose,” Minister Duma said.