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The National Treasury is seeking Parliament's approval to write off Sh117.64 billion in loans and tax penalties accrued by five sugar millers.
The ministry yesterday tabled a memorandum on the plans it seeks to take to revive and commercialise the state owned sugar companies; Chemelil, South Nyanza, Nzoia, Muhoroni and Miwani sugar factories. The memorandum was tabled by National Assembly Majority Leader Kimani Ichungwa for consideration by the House.
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