23 C
Kenya
Wednesday, April 8, 2020

Mumias Sugar to close indefinitely over cash problems

Must Read

Loise Kamanu: How I built a successful delivery business in Kenya

Delivery Business in Kenya: “My name is Loise Kamanu. I am 25 years old. I am the founder and...

Youth develops insurance app for agents, vehicle owners in Kenya

Insurance App Kenya: Having worked in the motor insurance industry with a leading underwriter for public service vehicles (PSVs)...

Is Jeff Koinange broke? Here’s his salary and earnings

Jeff Koinange Salary: Jeff Koinange is one of the highest paid media personalities in Kenya. His salary surpassed that...

Anxiety ha gripped workers at Mumias Sugar Company following reports that the firm is set to shut down indefinitely over ca problems.

Already, the miller has been closed for three months. According to managing director Errol Johnson the closure was meant to fix equipment, which had contributed to the company’s poor performance due to inconsistent maintenance.

The closure from April 11 came barely a month after the cash-strapped miller received Sh239 million from the government, as part of the bailout strategy.

Mumias Sugar has started the search for a new chief executive less than two years after re-hiring Australian Johnston to turn it around.

Johnston‘s two-year renewable term ends in August and he will not seek a renewal.

- Advertisement -
145,433FansLike
10,849FollowersFollow
46FollowersFollow
227SubscribersSubscribe

Latest News

Uhuru: This is why I really banned traveling to and from Nairobi

Nairobi Travel Ban: BY PSCU: President Uhuru Kenyatta's slamming of a don't-enter-or-leave Nairobi and its metropolitan areas order on...

Youth develops insurance app for agents, vehicle owners in Kenya

Insurance App Kenya: Having worked in the motor insurance industry with a leading underwriter for public service vehicles (PSVs) for several years, Simon Mathenge...

Is Jeff Koinange broke? Here’s his salary and earnings

Jeff Koinange Salary: Jeff Koinange is one of the highest paid media personalities in Kenya. His salary surpassed that of many top journalists and...

How To Become an Online Freelance Writer and Make Thousands Daily

How To Become an Online Freelance Writer and Make Thousands Daily There are a variety of online jobs that one can do. In this article...

How to Get CNC Programming Assignment Help Online in Us and Improve the Grades?

Academic performance In grades is one of the main interests of a student at any university. Low marks are not always an indicator of...

More Articles Like This

- Advertisement -
%d bloggers like this: