Cane farmers have accused Mumias Sugar Company’s receiver-manager of using extraneous factors to lock out the highest bidders from the race. From the bidding documents, Sarrai owns Kinyara Sugar Company, which is the second-highest sugar producer in Uganda. Devki Group, New Mumias Sugar Industries Limited, Tumaz and Tumaz, Kruman Finances, Transmara Sugar Group, Kibos Sugar and Allied Industries bid to lease the ailing miller. They argue that New Mumias Sugar Limited offered Sh250 million per month while West Kenya Sugar Company Ltd floated Sh150 million for the same deal. The farmers say Tumaz and Tumaz, a firm associated with businessman Julius Mwale, offered Sh27 billion for the lease.

Source: Standard Digital January 25, 2022 11:08 UTC