Kakuzi Plc, an agricultural company known for selling avocados and macadamia, has issued a warning to Kenyans over a scam involving fraudulent Local Purchase Orders (LPOs).
LPOs are documents issued by a buyer to a seller, indicating their intent to purchase goods.
This means that the fraudulent orders are being used to deceive suppliers into providing goods or services without proper authorization or payment.
In a notice dated August 24, the company stated that they had already taken note of several such cases and was therefore raising an alarm to members of the public.
“Kakuzi Plc’s attention has been drawn to an increasing number of fraudulent Local Purchase Orders (LPO) being issued by persons falsely claiming to represent the company.
“We advise members of the public to exercise caution if they receive an unexpected LPO allegedly from Kakuzi Plc,” the statement read in part.
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Furthermore, the company has emphasized that all legitimate LPOs from Kakuzi are only issued following an official procurement process.
“Please note that all our LPO’s are only issued after an official procurement process has been undertaken.”
Also, customers have been directed to verify the authenticity of any Kakuzi PIc LPO by calling the company through +254 722 205895, +254 722 205896 or Email at sposho@kakuzi.co.ke/ mail@kakuzi.co.ke
Kakuzi Makes Almost Tripple Profits
For the first half of the year, Kakuzi nearly tripled its net profit to Ksh347.5 because of a buoyant avocado market and recovery in the macadamia business.
While announcing the half-year results on August 20, Kakuzi PLC Managing Director Chris Flowers stated that the company’s performance had benefited from a strong international avocado market, driven largely by limited global supply of the popular superfood.
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He also noted that demand for macadamia nuts on the international market had returned to pre-COVID levels, with prices gradually increasing, though still below the peaks seen in 2021.
In the six months leading up to June last year, Kakuzi posted a profit after tax of Ksh117.5 million. However, during the same period in 2023, profits were impacted by losses in macadamia sales due to a global oversupply of the nut.
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