Mumias Sugar Revives Plans for New Factory, Standard Says

July 12 (Bloomberg) -- Mumias Sugar Co. Ltd. revived plans to build a plant in the Tana Delta at the Kenyan coast after the project stalled six years ago, the Standard reported.

The project, which is being done with the state-run Tana and Athi Rivers Development Authority, requires $400 million and will be funded through debt and equity, the Nairobi-based newspaper said, citing Mumias Managing Director Peter Kebati.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.