The Cabinet has put plans to privatize six state-owned sugar mills on hold and authorized a scheme to revitalize and commercialize them.
The directive puts the sugar sub-sector on a renewal route, with sugar millers functioning under a lease and operational structure.
Mumias Sugar Company, Nzoia Sugar Company, Chemilil Sugar Company, Miwani Sugar Company, Muhoroni Sugar Company, and South Nyanza Sugar Company are the entities.
“To address the high retail price of sugar, the Cabinet sanctioned the extension of the framework for duty-free importation of milled sugars to bridge the supply deficit,” the Cabinet dispatch stated.
Harveen Gadhoke has been appointed as the new administrator of Mumias Sugar Company by the High Court, the latest twist in the tortuous efforts to resurrect the bankrupt miller.
Justice Josephine Mong’are appointed the insolvency practitioner on Monday after the tenure of Kereto Marima, who was appointed by Justice Alfred Mabeya in April last year, expired.
The appointment throws the miller and its shareholders back to the drawing board, as the administrator must begin the process of selecting an investor and ways to repay the firm’s obligations all over again.
