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Cash-strapped Mumias Sugar denies asset disposal claims

The ethanol distillery is pictured at Mumias Sugar Company on September 13, 2018. PHOTO | TONNY OMONDI | NATION MEDIA GROUP

What you need to know:

  • Bungoma Senator Moses Wetang'ula earlier claimed that the management of Mumias was planning to dispose of its assets.
  • But board chairman Kennedy Ngumbau clarified on Thursday that some of the non-core assets will be leased to boost the revenue base.
  • Mr Ngumbau claimed politicians were frustrating the process of reviving Mumias, saying they get in the way whenever it appears successful.
  • Managing Director Isaac Sheunda said the management had started implementing a strategy that would ensure Mumias' profitability.

The management of Mumias Sugar Company has denied claims that it intends to sell some of the company’s assets to sustain operations.

Board chairman Kennedy Ngumbau clarified on Thursday that some of the non-core assets - including the golf course, guest house, water bottling plant, sports ground, real estate and schools - will be leased to boost the revenue base and increase efficiency and production.