In Summary
  • Closure for annual maintenance has cut down income from sugar thus curtailing its ability to meet financial obligations.
  • Employees’ salaries have been delayed because of the financial challenges
  • Currently, sugar is the only revenue generator following the shutting down of water bottling plant and electricity sale to the national grid

The shutting down of alternative revenue streams at Mumias Sugar #ticker:MSC is the main reason behind the miller’s failure to pay salaries to its staff over the last five months.

Closure for annual maintenance also cut down income from sugar thus curtailing its ability to meet financial obligations.

Currently, sugar is the only revenue generator following the shutting down of water bottling plant and electricity sale to the national grid, which have now been coupled with the recent suspension of ethanol production.

The Kakamega County based miller owes its employees close to Sh500 million in accrued arrears since February, according to an insider and it is looking upon the government again for rescue.

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