On 22 December 2021, Mumias Sugar Company receiver-manager Ponangipalli Rao announced that Uganda's Sarrai Group had emerged as the winner of the bidding process for the lease of the company's assets.
According to Rao, the lease is in the interest of all stakeholders and in conformity with a recent court ruling dated 19 November 2021.
Although Sarrai Group is not in sugar production in Kenya, it has a proven track record of running three sugar factories, a distillery, and power generation in Uganda.
The company has demonstrated commitment to commence rehabilitation of assets immediately to ensure the revival of operations within the shortest period.
Chairman of Sarrai Group, Mr. Sarbi Singh Rai, outlined the firm's immediate focus, stating that investments will be made to rehabilitate the machinery back to effective operational status as well as engagements with outgrowers and an experienced workforce to ensure that there is an effective collaboration to revive the factory.
With a new owner now on board, Rao said the revival of Mumias Sugar Company Limited will enhance the standard of living of the local community and catalyze growth in the area.
