March 03, 2015 8:16 PM ET

Food Products

Company Overview of Nzoia Sugar Company Limited

Company Overview

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

Webuye

Bungoma,  

Kenya

Founded in 1973

Phone:

254 20741 42

Fax:

254 20741 43

Key Executives for Nzoia Sugar Company Limited

Managing Director
President
Compensation as of Fiscal Year 2014.

Nzoia Sugar Company Limited Key Developments

Update On Privatization Of Five Sugar Companies

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

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.

Government Mulls Privatization Of Sugar Companies

Kenya government is planning to privatize Nzoia Sugar Company Limited, Chemelil Sugar Company Limited, South Nyanza Sugar Co. Ltd. and Miwani Sugar Company. Bids will be invited by the end of April for the sale of five state-owned sugar companies. This is in a bid to conform to one of the conditions set by Comesa on extension of import safeguards. Agriculture ministry officials told the departmental committee on Agriculture on April 2, 2014, that plans are at advanced stage to hand over the mills to the private sector through Public Private Partnerships, auctions and private treaty.

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