Last month, the government announced its intention to privatise struggling State-owned sugar factories through a long-term leasing (20 years) model. Invited biddersNotwithstanding, privatisation of these sugar mills is not a rosy initiative as the government tries to paint it. Now, to see the Rai family, which currently controls 45 percent of the sugar market among the bidders casts doubts on the integrity of this process. Now, it was not lost on them that Mumias sugar was a private company not a State-owned firm. Increase incomeThird, the government says its intention to privatise the sugar factories is to help increase farmers income and improve competitiveness which may not be the case.

Source: Daily Nation August 25, 2020 06:00 UTC