30th July, 2020
OPERATIONAL RE-STRUCTURING OF MAGANA FLOWERS KENYA LIMITED
After 25 years in the floriculture industry Magana Flowers Kenya Limited (Magana Flowers) is restructuring its business operations. We have been privileged to see and experience not only the evolution of this industry, but also the growth and development of our employees, and to contribute to the Kenyan economy at large.
Throughout this period, Magana Flowers has continuously reviewed its business strategy in line with the broader operating environment, both locally and internationally. The industry has gone through significant changes which have greatly affected Magana Flowers and on review of our business, we find that it is no longer possible to continue with our business operations based on the current business model. It is in this consideration that the Board of Magana Flowers has decided to restructure the company’s operations by ceasing the production and export of flowers.
This decision has not been reached easily given the prevailing circumstances. Magana Flowers remains committed to upholding its integrity in carrying out this restructuring with utmost respect and by providing any necessary support to our employees, social partners, customers and suppliers as may be required during the transition process.
CEO, Magana Flowers Kenya Limited