News International Sugar Journal

Kenya to privatize five sugar mills [Registered]

Kenya plans to sell a 51% stake in five sugar millers to investors soon in a bid to make the sugar industry competitive, according to a top government official. The government is expected to fully open up its market to imports from the regional Common Market for Eastern and Southern Africa (Comesa) states after more than a decade of an arrangement that allowed it to charge high tariffs to protect its sugar farmers. “In the best-case scenario, we want to begin the sale process of the five sugar firms by end of this [April] month because time is not on…

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