By GERALD ANDAEMore by this AuthorWest Kenya Sugar Company has extended its industry leadership in production as the firm, owned by Jaswant Rai family, widened its market share to 22 percent in the first quarter. The sugar miller raised its share from the corresponding period last year when its output accounted for 19 percent of the total production of the commodity in the country. Private millers led the pack of highest performers with the former leader, western Kenya-based Mumias Sugar Company #ticker:MSC continuing to register dismal performance. State-owned Nzoia Sugar Company emerged the best among the five State-owned millers with the production of 9,290 tonnes followed by South Nyanza Sugar Company (7,360 tonnes), Muhoroni (6,305 tonnes) and Chemelil (2,863 tonnes). The Privatisation Commission is currently scouting for a transaction adviser to evaluate the five State-owned sugar millers in the latest attempt to sell the loss-making entities within the next 120 days.

Source: Daily Nation May 15, 2019 19:52 UTC