Sunday, March 3News That Matters

Tag: Sugar In Kenya

Kenya Pushes Ahead With Leasing Public Sugar Companies

Kenya Pushes Ahead With Leasing Public Sugar Companies

Business, FEATURED
By Keefa Nuwahereza The government of Kenya has embarked on a campaign to offer 25-year leases on five loss-making sugar mills in western Kenya This was after authorities observing that privately owned sugar companies have steadily increased their market share over the last decade It should be noted that nationalisation is only justified if an industry is a monopoly which could be abused by a private operator seeking super-profits. Occasionally it may be necessary in the national interest to rescue a strategic company such as Kenya Airways. The state should not get involved in an industry where the private sector operates efficiently and profitably. Three weeks ago the government asked for bids to lease five state-owned sugar mills—Chemelil, Miwani, Muhoroni, Nzoia and Sout...