State opens window for sugar barons to import 100,200 metric tonnes
Nairobi, Aug. 7 -- The State has locked out public and private sugar millers from importing sugar in what is likely to hand well-connected sugar barons a new window to mint billions.
The Ministry of Agriculture says private businessmen will be allowed to bring in 100,200 metric tonnes of sugar during the four-month importation window.
President William Ruto said last week that Kenya would import 100,200 tonnes of sugar outside the Common Markets of East and Central Africa (Comesa) region following a shortage of the sweetener.
The country produces about 600,000 tonnes of sugar per year against an annual consumption of 800,000 tonnes.
Sugar prices have hit a high of Sh490 per 2-kilogramme for the brand of Ndhiwa Sugar Company whose kilo...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.