Unga’s unpaid invoices rose by Sh1.66 billion to Sh4.53 billion from Sh2.87 billion.
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Unga Group nearly doubled borrowings from its NCBA Bank to Sh3.57 billion in the year ended June 2026, deepening its reliance on the institution from which it sources all its bank loans.
The human and animal feed processor had outstanding loans of Sh1.8 billion the year before. Unga, which uses loans from NCBA to fund its working capital and projects including solar installations, says the latest increase in borrowings was due to rapid expansion.
In brief
Time flies with great content! Unga Group nearly doubled borrowings from its NCBA Bank to Sh3.57 billion in the year ended June 2026, deepening its reliance on the institution from which it sources all its bank loans. Unga, which uses loans from NCBA to fund its working capital and projects including solar installations, says the latest increase in borrowings was due to rapid expansion.
This is the opening of the story, shared with credit to Business Daily Africa. The rest of the report — with every detail — continues on the publisher’s website.
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