The Mumias Sugar Company (MSC) board has dismissed the purported takeover by the county government of Kakamega as political and inconsequential. Board chairman Ken Ngumbau yesterday said the MSC is a privately listed company with directors and Governor Wycliffe Oparanya’s declaration does not augur well with shareholders and lenders. Ngumbau said Oparanya’s claims that the company's directors were planning to sell the property were careless and reckless. The company stopped milling sugar in April last year because of lack of raw material occasioned by poaching of its crop by rivals. Ngumbau said the company management had met with all stakeholders and agreed on the way forward.

Source: The Star May 19, 2019 21:00 UTC