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 2015.
Nzoia Sugar Company Limited Key Developments
Privatization Of Sugar Companies May Get Delayed
Nov 2 15
Transition Authority to block the auction of South Nyanza Sugar Co. Ltd., Muhoroni Sugar Company, Miwani Sugar Company, Chemelil Sugar Company Limited, and Nzoia Sugar Company Limited. Transition Authority said that it was not consulted as demanded by the Constitution. "If need be, we will move to court to stop this process because we feel that the law has not been followed in the privatization of these millers," said Bakari Omara, Commissioner of Transition Authority in charge of assets.
Five Sugar Millers To Be Privatized By Next Five Month Period
Sep 23 15
The Chairman of the Privatization Commission of Kenya Henry Obwocha has announced that plans are in place to privatize five State-owned debt-ridden sugar millers of the country by the next five-month period. These are Nzoia Sugar Company Limited, South Nyanza Sugar Co. Ltd., Chemelil Sugar Company Limited, Muhoroni Sugar Company and Miwani Sugar Company. The Commission has been making discussions with different stakeholders involving these factories in public forums for the past two weeks to sketch out the privatization program for the millers, Obwocha disclosed. As per the current proposal, the Government will offer 51% of the shares in the millers to the strategic partners, with plans to keep 25% of the stake.
Transition Authority Blamed Its Exclusion From Privatization
Aug 31 15
Transition Authority has blamed its exclusion from privatization of Sony Sugar Outgrowers Company, Muhoroni Sugar Company, Miwani Sugar Company, Chemelil Sugar Company Limited, and Nzoia Sugar Company Limited. Kinuthia Wamwangi, Chairman of Transition Authority accused Prof Muigai of advising the Privatization Commission that the process, set to start soon, does not require the agency's input. Kinuthia Wamwangi also added, "The national government does not transfer any assets without TA’s involvement and that should be put on record. This privatization is happening during the transition period and that is why we dispute the AG's advice, even though we do not want to fight."
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