
COMPANY DESCRIPTION |
---|
TRADING STATUS : SUSPENDEDReason : Placed under receivership following a Deed of Appointment of Receiver between KCB Bank Kenya Limited (KCB) Ponangilpalli Venkata Ramano Rao (Receiver) on September 20, 2019. In 1967, the Government of Kenya commissioned Booker Agriculture and Technical Services to do a feasibility study on the viability of growing sugarcane in Mumias and then initiate a pilot project. At the time, the Mumias area was underdeveloped, land utilization was poor as farmers grew food crops on small areas for subsistence only, while the rest of the land was purely for grazing. The relative remoteness of the area and poor communication prevented the development of an active market economy. However, owing to the fact that land adjudication had been carried out and farmers had freehold title to their land, this favoured the proposed sugarcane project of which studies had returned a clean bill of health. It was possible to establish a viable sugar scheme at Mumias with the Factory supplied by cane from both the Nucleus Estate and the indigenous Outgrower farmers. The Government accepted the findings an on July 1, 1971 incorporated Mumias Sugar Company as the body to implement the Project. The Government was to hold majority shares (71%) and minority interests held by the Commonwealth Development Corporation (17%), Kenya Commercial Finance Company (5%), Booker McConnel (4%) and the East African Development Bank (3%). |
Company contact info
Kakamega-Bungoma Road, Kakamega County
P. O Box Private Bag, Mumias, Kenya
Financial Reports
This content is locked
Login To Unlock The Content!
Industry peers
Company News
- Mumias Sugar Company resumes operations, some former employees recalled - Kenya Broadcasting Corporation
Mumias Sugar Company resumes operations, some former employees recalled  Kenya Broadcasting Corporation
- Sarrai to run Mumias Sugar Company as court ends lease war - The Standard
Sarrai to run Mumias Sugar Company as court ends lease war  The Standard
- Court declines to revive Mumias insolvency suit - Business Daily
Court declines to revive Mumias insolvency suit  Business Daily
- Mumias Sugar resumes on December 1 - The Standard
Mumias Sugar resumes on December 1Â Â The Standard
- Mumias Sugar factory set to reopen next month - Citizen Digital
Mumias Sugar factory set to reopen next month  Citizen Digital
- India's Mehta takes on Rai with Agro Chemical, Muhoroni bid - Business Daily
India's Mehta takes on Rai with Agro Chemical, Muhoroni bid  Business Daily
Social media feed
WEBSITE :Â MUMIAS SUGAR