Employees at the troubled Mumias Sugar Company want investors who will win the leasing bid to factor in their Sh2 billion arrears that the collapsed miller owes them. Reacting to recent proposal by a Kakamega businessman on how money will be apportioned in different departments at the miller, the employees say it is regrettable that […]
Tag: mumias sugar
Cash-strapped parastatals seek loan write-offs as defaults hit Sh74b
Kenya Power workers fix a 3 phase distribution transformer of 250KVA at Ndimaini Village in Karatina, Nyeri on December 28, 2020. Parastatals have failed to service interest payments on Sh921.93 billion State loans, with the majority of them seeking write-offs as losses mount. State-owned enterprises (SOEs) including Kenya Power, Kenya Railways and East African Portland […]
Investor offers Sh2.2bn to Mumias Sugar farmers
Businessman Julius Mwale, who placed a Sh27 billion bid in the leasing of ailing Mumias Sugar, has proposed a Sh2.2 billion to farmers in a bid to woo them back into sugarcane farming. Mr Mwale, through his Tumaz & Tumaz Enterprise, said the money would be channelled towards growers through the Mumias Outgrowers Company for […]
Kenya: Minor Supplier Jumps Queue to Rout Banks in Fight for Carcass
In western Kenyan villages, children are traditionally given chicken legs or wings, sometimes even soup as they fall behind the line in the pecking order of the family meal. The best they can do is steal eggs and eat them but that comes with nasty consequences. Small suppliers have always ended up with the shorter […]
Private millers boost Kenya’s sugar production – survey
•Total cane production increased by 47.8 per cent from 4.6 million tonnes in 2019 to 6.8 million tonnes, the Economic Survey 2021 shows. •This resulted in higher industrial production of 603,800 tonnes up from 440,900 tonnes in 2019, on increased harvest and delivery of mature canes for crushing. A sugar cane processing plant in Homa […]
With Just One Factory, Rwanda Starts Exporting Sugar To Kenya
[PHOTO/ COURTESY] Rwanda is set 4,072 tons of sugar to Kenya, joining the league of sugar exporters to Kenya in the Common Market for Eastern and Southern Africa (Comesa) region. This comes at a time Kenya targets to import at least 210,163 tonnes of sugar from Comesa region, with shipments from Eswatini, Zambia, and Mauritius […]
Govt Orders Destruction of Ksh1.4 Billion Investment
Operations taking place at Naivasha Inland Container Depot A consortium of investors is counting billions of shillings in loss after Kenyan authorities resolved to destroy a Ksh1.4 Billion haul that they had imported from Zimbabwe. Sirocco Investments (K) Ltd imported 20,000 tonnes of brown sugar from Zimbabwe. The company is among 200 companies licenced to […]
Why industry affiliated Saccos fail to stand after companies go under
Mumias Sugar Company. [Mumo Munuve, Standard] As the prevailing market conditions sucked the sweetness out of the cane, so was life in Saccos affiliated to Mumias Sugar Company in Kakamega County, leaving members with the bitter taste of bagasse in their mouths. By 2019, Sukari Sacco Society Ltd was one of the three whose licenses […]
Why industry affiliated Saccos fail to stand after companies go under
Mumias Sugar Company. [Mumo Munuve, Standard] As the prevailing market conditions sucked the sweetness out of the cane, so was life in Saccos affiliated to Mumias Sugar Company in Kakamega County, leaving members with the bitter taste of bagasse in their mouths. By 2019, Sukari Sacco Society Ltd was one of the three whose licenses […]
Govt Orders Destruction of Ksh1.4 Billion Investment
Operations taking place at Naivasha Inland Container Depot A consortium of investors is counting billions of shillings in loss after Kenyan authorities resolved to destroy a Ksh1.4 Billion haul that they had imported from Zimbabwe. Sirocco Investments (K) Ltd imported 20,000 tonnes of brown sugar from Zimbabwe. The company is among 200 companies licenced to […]