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 2017.
Nzoia Sugar Company Limited Key Developments
Kenya Mulls Stake Sale Of Firms In Sugar Sector
Sep 22 16
Kenya is planning to sell stakes in a number of firms. The government planned to sell stake in Mumias Sugar Company Limited (NASE:MSC.O), but could not. Agriculture Cabinet Secretary, Willy Bett said, “We are ashamed of Mumias because they negated our principle that privatisation is the key to keeping the sector alive. We are really very sorry about Mumias.” Now, the government plans to sell a 51% stake in Sony Outgrowers Co. Ltd, Chemelil Sugar Company Limited, Nzoia Sugar Company Limited, Muhoroni Sugar Company, and Miwani Sugar Company to strategic investors and reserve another 24% for farmers and employees. The government will then sell a remaining 25% stake in the milling companies in an Initial Public Offering (IPO) once the factories are profitable.
Court Extends Order Barring Sale of Sugar Cos.
May 12 16
The Privatisation Commission has said it followed due process in the sale of South Nyanza Sugar Co. Ltd.; Muhoroni Sugar Company; Miwani Sugar Company; Chemelil Sugar Company Limited; Nzoia Sugar Company Limited. In a response to a case filed by Kisumu Senator Anyang' Nyong'o and Gem MP Jakoyo Midiwo, the commission, through its Chief Executive Officer Solomon Kitungu, denied locking out anyone with additional proposals regarding the privatization process. "The privatization process is not flawed in any way as it is being undertaken in compliance with a comprehensive legal framework; the sugar companies are public investments to the national government [and] hence this case has no significant impact on protection of public interest and should be dismissed," Solomon Kitungu said. MP Jakoyo Midiwo was in court when High Court Judge Weldon Korir extended orders stopping the sale of South Nyanza Sugar Co. Ltd.; Muhoroni Sugar Company; Miwani Sugar Company; Chemelil Sugar Company Limited; Nzoia Sugar Company Limited.
Court To Give Decision On Sale Of Five Sugar Firms
Feb 29 16
The fate of five sugar firms in western Kenya that were scheduled for sale will be known on March 7, 2016, when the High Court gives directions on their privatisation. The sale of Muhoroni Sugar Company, Chemelil Sugar Company Limited, Nzoia Sugar Company Limited, Miwani Sugar Company
and South Nyanza Sugar Co. Ltd. was stopped through orders sought by the Transition Authority (TA). The TA accused the Privatisation Commission of not involving the authority in the sale of the factories, adding that the "expenditure on further advertising and invitations of interest is a waste of public funds".
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