Ugandan investor eyes troubled Mumias Sugar Company - News Summed Up

Ugandan investor eyes troubled Mumias Sugar Company


A Ugandan investor has shown interest in taking over the management of the troubled Mumias Sugar Company for revival. "We deal with sugar cane farming in Uganda and we understand this industry well. The group had signed a three-month contract for supply of sugar cane to a private miller before the government stopped importation of cane from Uganda. "We are open to any investor who engages in legal business to invest in our county," Oparanya said. But the Kenya National Sugar Cane Farmers federation deputy secretary Simon Wesechere read mischief in the development.


Source: The Star August 24, 2020 18:00 UTC



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