Company Overview of Nzoia Sugar Company Limited
Nzoia Sugar Company Limited engages in the production and sale of sugar in Kenya. The company is based in Bungoma, Kenya.
P.O. Box 285
Founded in 1973
254 20741 42
254 20741 43
Key Executives for Nzoia Sugar Company Limited
Compensation as of Fiscal Year 2014.
Nzoia Sugar Company Limited Key Developments
Sale Of Five State Sugar Companies Delayed
Mar 4 15
The government's plan to privatize Nzoia Sugar Company Limited, Miwani Sugar Company, South Nyanza Sugar Co. Ltd., Chemilil Sugar Company and Muhoroni Sugar Company is set to delay after MPs adjourned debate on a motion seeking approval for sale of the companies.
Update On Privatization Of Five Sugar Companies
Jan 27 15
The government is planning to privatize Nzoia Sugar Company Limited, Miwani Sugar Company, South Nyanza Sugar Co. Ltd., Chemilil Sugar Company and Muhoroni Sugar Company. Under the arrangement, farmers are supposed to buy 30% stake while the national government and counties take up 40% and 30% respectively.
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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