June 24, 2018 2:37 PM ET

Food Products

Company Overview of Chemelil Sugar Company Limited

Company Overview

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

Muhoroni,  40107

Kenya

Founded in 1968

Phone:

254 57 51527

Fax:

254 57 51503

Key Executives for Chemelil Sugar Company Limited

Managing Director
Compensation as of Fiscal Year 2017.

Chemelil Sugar Company Limited Key Developments

Kenya Plans Privatization Of Five State-Owned Sugar Firms

Kenya plans to begin privatizing five ailing state-owned sugar firms, officials said on November 29, 2017. Jacqueline Muindi, acting Chief Executive Officer of the Privatization Commission, told journalists in Nairobi that the government plans to sell a 51% stake of South Nyanza Sugar Co. Ltd., Chemelil Sugar Company Limited, Miwani Sugar Company, Muhoroni Sugar Company and Nzoia Sugar Company Limited sugar factories to strategic investors. Jacqueline Muindi said, "We have started reaching out to all the stakeholder parties and hope to conclude the engagement process by end of January 2018”. Muindi noted that the commission plans to complete the respective transactions in the next seven to nine months.

Kenya Mulls Stake Sale Of Firms In Sugar Sector

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.

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Recent Private Companies Transactions

Type
Date
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No transactions available in the past 12 months.
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