Is Jubilee's on and off bailout plan for Mumias Sugar Factory viable? - News Summed Up

Is Jubilee's on and off bailout plan for Mumias Sugar Factory viable?


For instance the Sh500 million released recently was meant for cane farmers’ payments and this reduces chances of the money being used on something else. Cane farmers should also be paid on time to lure them to continue planting cane and supply it to Mumias Sugar Company. ALSO READ: Ex-CEO: Why I fled Mumias Sugar after resigning three timesJubilee government has tried its best to revive the company by offering financial support. The Government has given at least Sh 3.1 billion bailout to pay cane farmers and other suppliers and this has shown the interest the Government has had for cane farmers. Nzoia Sugar Company is facing the same fate.


Source: Standard Digital August 24, 2017 18:22 UTC



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