The government has provided a Ksh.5 billion bailout to Mumias Sugar Company, according to the original account. This deal includes strict conditions and was negotiated while parliament discusses the potential privatization of other public sugar companies.
Mumias Sugar Company has faced significant challenges in recent years due to market changes in Kenya's sugar industry. Corruption and poor leadership by management have also been cited as contributing factors to the company's struggles.
As part of the agreement, the government has suggested reducing the company's management team by half and cutting over 300 staff positions.
