Hope as Government moves to lift Muhoroni out of Sh40b debt hole

Sugarcane farmers demonstrating outside Muhoroni Sugar company following the closure of the factory. The sugar company was closed indefinitely and repossessed by Kenya revenue Authority affecting over 10, 000 workers. [Collins Oduor/Standard]

The troubled Muhoroni Sugar Company could be out of the woods in the coming weeks after the Government appointed new receiver managers and pledged to bail it out of a Sh40 billion debt.

The Standard has established that the Government plans to help the miller, which has been in receivership for 17 years, back into production. Already, the State Department of Agriculture has gazetted and dispatched to the miller two new joint receiver managers to help turn around its fortunes.