Kenya’s Mumias Sugar placed under receivership over US$60m financial woes

KENYA – Cash strapped Mumias Sugar Limited company has been placed under receivership by KCB Group following the execution of a lender’s agreement deed dating back to September of 2010 to protect its assets and […]

Mumias Sugar half year sales drop 96% as sugar line shuts down

KENYA – Mumias Sugar Company’s sales in the six months to December 2018 dropped by 96% to Sh25 million (250000) from US$6.8 million (Sh680m) recorded in a similar period the previous year. The miller attributed […]