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Sugar millers up for grabs as Kenya fixes privatisation date

Agriculture Principal Secretary Sicily Kariuki. [PHOTO: FILE]

NAIROBI: Kenya plans to sell a 51 per cent stake in five sugar millers to strategic investors starting this month as it looks to complete reforms aimed at making its sugar industry competitive, a top official said on Friday.

East Africa’s largest economy is expected to fully open up its market to imports from the regional Common Market for Eastern and Southern Africa (Comesa) states after more than a decade of an arrangement that allowed it to charge high tariffs to protect its sugar farmers.

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