Steel tycoon Narendra Raval now says that he is ready to take over Mumias Sugar Company on lease to revive it if politics around the miller stop. Narendra, the founder of Kenyan steel and cement manufacturer Devki Group said he was ready to operationalize Mumias as long as the local leadership has no problem with the leasing process. “If the leaders have no problems with the process, I am willing to make Mumias emit smoke in a month time,” he told the Star on the phone on Saturday. “If they give me on Monday, I will ensure not a black smoke but a white one in 30 days,” he added. Devki withdrew their bid to lease the once premier miller on Thursday citing the politics that surrounded the selection of an investor by the KCB group which placed the company under receivership.

Source: The Star June 05, 2021 10:18 UTC