Kenya offers $5 mln bailout to rescue troubled Mumias sugar firm - CNBC Africa

Kenya offers $5 mln bailout to rescue troubled Mumias sugar firm

East Africa

by Reuters 0

Mumias accounts for close to a third of Kenya’s annual sugar production. PHOTO: Wikipedia

This is according to Felix Koskei the agriculture minister.

The cash is meant to help turn around struggling Mumias, which accounts for close to a third of Kenya’s annual sugar production, Koskei said in a statement late on Thursday.

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