Ksh 38.4 Billion Debt for State Owned Sugar Mills to be written off just like that

Related image

“By the time the President ordered we pay farmers in October, Chemelil Sugar, for example, owed us Sh210 million in November which has now accumulated to Sh271 million. Nzoia too owed us Sh231 million, Mumias (Sh400 million), Sony (Sh168 million) and Muhoroni (Sh229 million).

Related image

“Muhoroni Sugar Company is requesting an injection of Sh500 million from us. Sony Sugar has also been surviving on loans. In fact, they are closing next week for maintenance which requires Sh281 million.”These were CS Kiunjuri’s own words when he was supporting the idea of Writing of the billion shillings debt State Owned Sugar Millers in a bid to revive the millers.