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Mumias sugar takeover now takes another twist
Officials of a Ugandan company, which bagged the multibillion shilling leasing tender for Mumias Sugar Company now risk the slammer after an application for contempt was filed against them, for starting work despite a court order stopping the process.
Tumaz & Tumaz Enteprises moved to court on Thursday accusing Mr Sarbjit Rai, the owner of Sarrai Group, Rakesh Kumar Bvats (manager) and KCB...
Sarrai sets aside initial Sh1.1bn for jumpstarting Mumias Sugar
The Ugandan investor who won the Mumias leasing award will invest Sh1.1 billion to jump-start operations at the ailing miller.
Sarrai Group said the funds, which are only the first batch of capital, would be key to starting the operations at the initial stage with more funds to be injected in due course.
The leasing fee that the Sarrai had bid would go towards paying Mumias creditors to free...
Millers to be fined for delayed sugar cane payments
Sugar millers will be penalised for delaying payments for sugar cane deliveries if Parliament adopts proposed changes to the law, in a bid to protect farmers.
Parliament last week approved changes to the Sugar Bill, 2019 that will require millers to pay farmers within a given period for cane delivered, failure to which they shall pay fines.
Lawmakers voted by acclamation to include the penalty...
Wheat flour price set to rise on higher grain import cost
The price of wheat flour is expected to go up starting January following a rise in the cost of importing the grain into the country.
Millers say that the landing price of wheat will increase to Sh56,000 for a tonne from Sh50,000 currently, exerting pressure on the flour and other products.
The millers expect the consumer price of wheat flour to go up to Sh160 for a two-kilo packet from the...
Court freezes Mumias lease in billionaires fight
The fight among billionaires for the control of Mumias Sugar Company has escalated after the High Court suspended the planned leasing of the ailing miller to a Ugandan-based tycoon.
Justice Anthony Ndung’u froze the 20-year-old lease offered to Sarrai Group after businessman Julius Mwale through his firm, Tumaz and Tumaz Enterprises, sued against the offer, saying the bidding was tainted with...
Kakamega shifts focus to horticulture to put more cash in farmers’ pockets
Kakamega county has started a programme to promote horticulture to end farmers’ overreliance on sugar cane.
The county’s economy depends on sugar cane farming as the main cash crop, but it’s not performing well at the moment due to the challenges facing the subsector.
The situation was worsened by the collapse of the Mumias Sugar Company three years ago.
The county government last...