Connect with us

Hi, what are you looking for?


Cabinet Approves Revival of 6 Sugar Companies

WhatsApp Image 2023 08 08 at 16.03.12 (1)

Kenya Kwanza Cabinet

The Kenya Kwanza Cabinet has approved the revival and commercialization of six sugar companies in a move to address the plight of Sugarcane Farmers.

The sugar companies include; Nzoia Sugar Company, Chemelil Sugar Company, Miwani Sugar Company (in receivership), Muhoroni Sugar Company (in receivership), South Nyanza Sugar Company, and Mumias Sugar Company (in receivership).

“Today’s decision sets the Sugar Sub-Sector on a path of renewal by vacating the earlier decision by Cabinet to privatize State-owned entities within the sub-sector. If the proposal by Cabinet receives Parliamentary approval, the State-owned entities would be operated under a lease and operate framework,” a dispatch from the office of the President read in part.

The Cabinet sanctioned the extension of the framework for duty-free importation of milled sugar to bridge the supply deficit in a move to address the high retail price of sugar which is being fueled by an acute cane shortage in the country.

The Cabinet also considered and approved the proposal to revive and commercialize the National Oil Corporation of Kenya (NOCK).

“NOCK will benefit from a partnership that restructures it into three subsidiaries segmented around the petroleum products value-chain as follows: NOC Upstream Limited, focused on exploration and upstream production activities and services; NOC Downstream Limited, focused on marketing and distribution of petroleum products; and NOC Trading Limited, specializing in holding strategic stocks of petroleum products for import and export,” said the Cabinet.

It further approved the establishment of the Bomas International Convention Centre (BICC) to position Kenya as the destination of choice for Meetings, Incentives, Conferences and Exhibitions (MICE) tourism, and to cement her place as a diplomatic and commercial hub. The ultra-modern convention will feature a Conference Centre, a Presidential Pavilion, and at least five hotels.

Also Read: Mutahi Ngunyi’s Advice to President Ruto On Dealing with Cabinet Secretaries 

Subscribe to watch latests videos
Click to comment

You May Also Like


(KDRTV) – Popular and controversial man of the cloth Pastor James Ng’ang’a of the Neno Evangelism Centre has a serious battle in his hands...


(KDRTV) – Zari Hassan is a Ugandan socialite and entrepreneur based in South Africa. She was married to the Late Uganda tycoon Ivan Don...


A high-ranking government official in Tanzania has claimed that Dr. John Pombe Magufuli was killed by the Chinese in collaboration with the Western Countries


(KDRTV) – As a member of the commonwealth nations, Kenya has an almost identical military structure to that of the British Army. Today we...