State targets to raise Sh3b in rights issue to rescue Mumias Sugar

From left: Former Shinyalu MP Kizito Mugali, Deputy president William Ruto and Mumias Sugar Chief Factory Opetrations Officer Josphat Asira inside Mumias Sugar Factory.  He promised Sugar cane farmers that government would provide subsidized farm inputs and lauded the government efforts to curb importation of cheap sugar into the country. BY CHRISPEN SECHERE.

The government plans to inject Sh3 billion into cash-strapped Mumias Sugar Company (MSC) through a rights issue, Deputy President William Ruto has said.

Speaking yesterday when he toured the company, the DP said this would ensure farmers and workers are paid promptly.