(3 Minutes Read)
The Head of State asserted that he was keen on reviving the sugar industry from its shackles. Sugar mills lined up for redemption include Nzoia and Mumias which have been on a downward slide weighed down by legal battles.
The Kenyan government has approved Sh600 million for sugarcane development to anchor sugar sector reforms. The funding is part of a Sh2 billion lease plan announced by President William Ruto through state-owned mills. The fund will be used for cane seed development in the Sugar Belt region.
The Head of State asserted that the new leasing model is part of the plan under his Bottom-up Economic Transformation Agenda.
Ruto reiterated that agricultural sectors such as the sugar sector must be supported as they are the surest avenues for creating jobs for youths in the country. He further disclosed that his administration has written off a Sh110 billion debt owed to the state by sugar mills across the country accumulated for forty years. This move will now ease the pressure on the sweetener manufacturers paving the way for prompt payment of cane farmers and timely wages of factory workers annually akin to other crops such as coffee and tea.
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The Head of State asserted that he was keen on reviving the sugar industry from its shackles. Sugar mills lined up for redemption include Nzoia and Mumias which have been on a downward slide weighed down by legal battles.
