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August 05, 2015 1:48 AM ET

Food Products

Company Overview of Chemelil Sugar Company Limited

Company Overview

Chemelil Sugar Company Limited operates as a sugar manufacturing company. The company was founded in 1968 and is based in Muhoroni, Kenya.

P.O. Box 177

Muhoroni,  40107

Kenya

Founded in 1968

Phone:

254 57 51527

Fax:

254 57 51503

Key Executives for Chemelil Sugar Company Limited

Managing Director
Compensation as of Fiscal Year 2015.

Chemelil Sugar Company Limited Key Developments

Privatisation Commission Opposes Sale Of Sugar Millers To County Governments

A team that oversees the privatisation of government-owned companies has opposed plans by county governments to buy South Nyanza Sugar Co. Ltd., Muhoroni Sugar Company, Miwani Sugar Company, Chemelil Sugar Company Limited and Nzoia Sugar Company Limited (sugar millers). The regional governments have asked the Privatisation Commission to allow them to acquire sugar millers and pay by instalments. However, Henry Obwocha, chairman of Privatisation Commission, said on May 25, 2015, that it would be inappropriate to sell the millers to county governments. He said it would be illogical to transfer the companies from one government to another. "The challenges facing the sugar industry have largely been blamed on the involvement of the government. Why should we then transfer these challenges to another government, the county administration?" he told the Nation.

Kenya Mulls Sale Of Stakes In Five Sugar Firms

Kenya is planning to sell stakes in five firms. The government is planning to sell stakes in Nzoia Sugar Company Limited, South Nyanza Sugar Co. Ltd., Chemelil Sugar Company Limited, Muhoroni Sugar Company, and Miwani Sugar Company. Chairman of Privatisation Commission, Henry Obwocha said, “Government reached the decision of bailing them out completely so that the firms would look attractive to investors.” The government planned to sell 51% stakes in the companies to a ‘strategic partner’, and a further 24% to both growers and employees, Henry Obwocha said. The government currently owns at least 98% of each of the five firms and intends to retain a 25% interest in them.

Sugar Firms Merger A Sabotage

The proposed merger of Muhoroni Sugar Company and Chemelil Sugar Company Limited in Kisumu county is economic sabotage, Muhoroni MP Onyango K'Oyoo has said. The companies are set to be sold to an investor in a government-planned privatisation after the merger. "We urge the government to stop the privatisation until the matter is resolved," K'Oyoo said.

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