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Mumias Sugar Company seeks Sh.4bn bailout

2nd January, 2018

Mumias sugar company is seeking a 4 billion shilling bailout to help revive and promote efficiency in the factory. If successful, it would take three to four years for the miller to realise a five year turnaround strategy. In an interview conducted by the standard, the Mumias Managing Director Nashon Aseka said the 500 million shillings Mumias received in July last year helped clear arrears owed to farmers.

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