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Mumias Sugar sinks deeper into trouble, posts Sh6.3 billion loss

Mumias Sugar Company

Mumias Sugar has sunk deeper in the red after reporting a record Sh6.3 billion in pretax losses, following a difficult year in which its plant was shut for nearly three months.

Lack of finances meant the firm could not rehabilitate its ageing machinery to restore operations to normal in a period its lenders’ confidence was at its lowest.

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