The leadership of Western Kenya is in darkness about a planned takeover over of Mumias Sugar by an investor identified by Kenya Commercial Bank. Steel tycoon Narendra Raval is among eight individuals who have been shortlisted to take over Mumias Sugar through leasing. Western leaders want details about the deal made public because KCB Group is listed at the stock exchange and Mumias was also a listed company. Lugari MP Ayub Savula has asked the receiver-manager at the troubled Mumias sugar firm P. V Ramana Rao to declare the amount of money he has made from the sale of ethanol. ''Leaders from the western will fully support Raval or any successful bidder in the revival process to ensure the once successful firm roars back to life.

Source: The Star June 03, 2021 00:56 UTC