This archive report was first published on 23 December 2021.
On December 22, Sarrai Group emerged as the winner of the bidding process for Mumias Sugar Company, securing a 20-year lease for the company's assets.
The lease, which was confirmed by P V R Rao, the current receiver and court-appointed administrator, is in the interest of all stakeholders and in conformity with the recent Court ruling dated November 19, 2021.
However, the lease did not include the Ethanol and Cogen plants.
Sarrai Group Chairman, Sarbi Singh Rai, outlined the company's immediate focus as investing in the rehabilitation of the machinery and engaging outgrowers and an experienced workforce to revive the factory.
“Mumias sugar was the most respected sugar company not only in Kenya but the entire region and it is our firm commitment to all the stakeholders that we shall use all our experience and resources to make sure that we revive the company and take it back to the heights it once enjoyed,” he said.
Sarrai Group is a Uganda-based conglomerate with operations in Uganda, Kenya, and Malawi, supporting over 12,000 registered and supported outgrower farmers.
According to Rao, the revival of Mumias Sugar Company Limited will enhance the standard of living of the local community and catalyze growth in the area.
