News

The Government will write-off shs.40 billion owed by five sugar mills set for privatization.
Privatization Commission Chairman, Mr. Henry Obwocha said the debt is owed to the government and the Kenya Sugar Board.
The five factories earmarked for privatization are Muhoroni, Nzoia, Chemelil, Miwani and Sony.
Mr. Obwocha said on Wednesday at Chemelil that the Government wants to sell the factories with a clean financial sheet.


He met the farmers at the Chemelil Sugar Factory in Kisumu Country on the planned privatization exercise.
The debts include tax penalties and interest accrued over the years.


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