Panic has gripped Mumias Sugar Company following reports it will shut down indefinitely on Monday over continued cash problems. Board chairman Kennedy Mulwa is expected to make the official announcement following a special meeting with other members. The miller had been shut for three months for maintenance. The publicly-traded company, owned 20 per cent by the state, said interested candidates should apply by May 17. Kenya produces 600,000 metric tones (MT) of sugar per year against a demand of 870,00 MT.

Source: The Star May 08, 2017 09:11 UTC