Home Business Mumias yet to start operation after one year on receivership

Mumias yet to start operation after one year on receivership

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Business Daily | by Gerald Andae

Mumias Sugar Company is yet to start milling a year after it was put under receivership in September 2019.

The ailing miller went into receivership last year in September with hopes that the receiver manager would start operations in order to generate some income towards debt repayment.

The firm requires half a billion shillings to get back into operations. The funds are to be used in buying worn out spare parts…

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