×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Read on the App

Private firm to inject Sh12.3b to revive sugar factories

Kenya Sugar Board Chairman, Nicolas Gumbo. [Courtesy]

Private companies that won bids to take over public sugar factories will need to inject Sh12.3 billion to resuscitate the mills.

Details on the government's plan also say the investors will pay Sh522 million goodwill.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in