Government waives Mumias, Nzoia debt, as Oparanya sets aside funds for Mumias Sugar revival

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Mumias Sugar Company. Photo/Courtesy
Mumias Sugar Company. Photo/Courtesy

The government has waived a debt of Kshs 11 billion for Mumias Sugar Company and Kshs 300 million for Nzoia Sugar Company owed to KRA. This is according to Kakamega Governor Wycliffe Oparanya, who was briefing professionals in Bungoma on the progress of development talks he is leading together with Devolution CS Eugene Wamalwa.

The Kakamega Governor has also set aside Kshs 100 million for the financial year 2020/2021, to cater for the revival of Mumias Sugar Company, “The department of agriculture will identify which cane farmers will benefit from the revolving fund,” he said.

CS Wamalwa had already indicated that waiving of debts for the two sugar companies is one of the recommendations fronted by the sugar taskforce, during an interview with West FM. He said this will make the companies more attractive to investors once again.