Kenya’s Sony Sugar seeks US$4m to revitalise operations as production declines marginally

KENYA – The Sony Sugar Company, a state–owned sugar milling firm, is seeking US$4 million (KShs400 million) to turn around the company’s fortunes after plunging into financial problems resulting to 45% decline in production. The company’s management has therefore appealed to the Parliament to help it secure the funds from the Treasury that will see the company spring back to life, reports Business Daily. Mwita Nyange, who chairs the finance committee of the company’s board is confident that a turnaround of the miller is possible and challenged the parliament to…

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Kenya’s Sony Sugar appoints James Oluoch as acting managing director

KENYA – The South Nyanza Sugar Company (SONY Sugar) has appointed James Oluoch as the acting managing director as the firm undergoes major restructuring ahead of the upcoming privatisation. According to the company’s board, Mr Oluoch, who is the current ICT head, will replace Bernard Otieno pending fresh hiring of a new boss within three to six months. The company is also set to make major changes in its management including the managing director and chief finance manager among other senior management roles and has already invited interested individuals to apply for the position.…

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