How President Kenyatta brokered Sh500m Mumias bailout

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How President Kenyatta brokered Sh500m Mumias bailout

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Mumias Sugar factory. President Uhuru Kenyatta ordered Agriculture CS to prepare a roadmap after meeting 16 Western Kenya MPs. PHOTO | FILE

By SIMON CIURI and VICTOR JUMA

  • Mumias Sugar is set to get Sh500 million two months after Mr Kenyatta met a group of Western Kenya politicians in behind-the-scenes negotiations.
  • Lugari MP Ayub Savula said the leaders took the extra-ordinary step to prevent the collapse of a company that is the centre-piece of Western Kenya’s economy.
  • Mr Kenyatta was, however, clear that any relief from the government must come with a clear turnaround strategy to safeguard public funds.READ MORE
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How President Kenyatta brokered Sh500m Mumias bailout Reviewed by on February 1, 2015 .

Mumias Sugar factory. President Uhuru Kenyatta ordered Agriculture CS to prepare a roadmap after meeting 16 Western Kenya MPs. PHOTO | FILE By SIMON CIURI and VICTOR JUMA Mumias Sugar is set to get Sh500 million two months after Mr Kenyatta met a group of Western Kenya politicians in behind-the-scenes negotiations. Lugari MP Ayub Savula said

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