The government has written off Sh117 billion in loans that have crippled the operations of state-owned sugar mills. He met hundreds of sugarcane farmers in Awendo to assure them that they will benefit from their sugarcane farming investments. He said sugarcane farmers in Migori will be paid their arrears, noting that Awendo-based Sony Sugar owes the farmers Sh865 million. He named the ailing Mumias, Chemelil, Nzoia, Muhoroni and Sony among the sugar companies he is keen on reviving. He said under the write-off plan, most of the farmers who supplied cane to Sony Sugar were not paid even though they supplied the raw material.

Source: Daily Nation October 08, 2023 19:07 UTC