Annual and Financial Report 2022
Annual and Financial Report 2022
Report Summary
The Annual Report for the year ended 31 December 2022 presents the Bamburi Group's revised strategy, "Accelerating Green Growth," despite a challenging operating environment. The company experienced a 5% decrease in turnover, driven by a decline in sales volumes and turnover in Kenya and Uganda. The decline was primarily due to decreased government infrastructure projects, consumer purchasing power, and private sector credit growth. However, the Group is confident in its future performance and profitability due to the revamped business strategy and expected economic recovery.