Businessman Julius Mwale.[Courtesy]
Forget getting bankrupt Mumias Sugar Company out of the intensive care unit - that will be the easier part for businessman Julius Mwale.
In court documents, the investor told the KCB Group-appointed receiver manager Pongangipalli Venkata Ramana Rao that if given the opportunity to lease the assets of the sugar miller, he would also develop an airport in Mumias sub-county within the first four years.
Facts First
This story continues on The Standard INSiDER. Subscribe now for unfiltered journalism that holds power to account.
Already have an account? Login
The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print
operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a
leading multi-media house in Kenya with a key influence in matters of national
and international interest.