Company Overview of Chemelil Sugar Company Limited
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
Founded in 1968
254 57 51527
254 57 51503
Key Executives for Chemelil Sugar Company Limited
Compensation as of Fiscal Year 2014.
Chemelil Sugar Company Limited Key Developments
Kenya Mulls Sale Of Stakes In Five Sugar Firms
May 22 15
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
May 12 15
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.
Kenya Mulls Sale OF Five Sugar Companies
Dec 4 14
Government of Kenya is planning to sell stake in five state owned sugar companies. In a report tabled in the National Assembly on December 3, 2014, the committee argues that it is only through privatization that the sugar sector can be revitalized. The five companies are Miwani Sugar Company, Nzoia Sugar Company Limited, Chemelil Sugar Company Limited, South Nyanza Sugar Co. Ltd. (Sony), and Muhoroni Sugar Company. The committee wants the process fast tracked ahead of the Comesa safeguards on sugar imports which lapses in February 2015. The committee recommends, “The privatization program should be expedited to save the sugar factories from the eminent collapse.” October 14, 2014, the Cabinet approved the privatization proposals of the five companies to facilitate rehabilitation and expansion with a view to enhancing competitiveness in the industry prior to lapse of the Comesa safeguards.
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