The government has put in place strategies to start leasing state owned sugar companies to private investors who will be able to oversee the total operation the state sugar factories in Western Kenya
Through an announcement in one of the dailies, the Agriculture and Food Authority (AFA) has initiated the plan by waiving all the debts that the authority together with the former Kenya Sugar Board was demanding from the Western sugar factories. The authority also intends to waive all tax related debts and any debts sugar farmers owe the former Kenya Sugar Board.
AFA says the leasing of sugar factories to private entities will add value to the factories and they’ll have an upper hand in competing with others in the country, East Africa as a region, the COMESA market and the African continent at large.
The sugar companies that are being targeted in this initiative, which will take a period of 25 years include Chemelil, Miwani, Muhoroni, Nzoia and South Nyanza sugar factories.
The interested people or private companies are advised to apply for the opportunities together with the particulars of their businesses. The interested parties should also attach particulars that indicate tax payment, company licences, particulars about the company history, together with other information that shows the capability of the company or individual on taking the mandate of running the company. The interested parties should also indicate their capability financially and ability to run a big company.