A kind reminder to you Agriculture CS Peter Munya, over the manner and process of leasing the five public sugar millers. The restructuring involves writing off of debts owed by the millers to the former Kenya Sugar Board/Commodities Fund as at December 31, 2019. Others include writing off of growers’ debts to the former Kenya Sugar Board and writing off of tax penalties and interest. Without which, Kenya sugar can never compete globally. The Commission had started a process of privatising the five firms after the cabinet approval, met sugar stakeholders and prepared a program for the undertaking.
Source: The Star August 10, 2020 10:41 UTC