Ruto advanced his plan to privatise sugar companies after the Ministry of Agriculture advertised bids from private investors.
In a notice in the local dailies on Tuesday, the State Department for Agriculture indicated leasing public sector-owned sugar companies.
It thus demanded a deposit of
Ksh10 million from prospective investors as security during the bidding
process.
The Head of State first made
public his plans to privatize sugar companies in October last year, arguing that
the move would make them profitable and revitalize the sector.
During a public address at the
time, he insisted that the state would ensure prudent management of the
factories to safeguard the interests of farmers.
Ruto insisted that the terms of
engagement with the private investors will centre around providing value to
farmers and increasing their earnings.
“We will agree with them to
install new machines and pay farmers on time,” he told a congregation.
In the latest advertisement,
interested parties were asked to pick detailed documents at Kilimo House after
parting with a non-refundable fee of Ksh5,000.
For the better part of his
first year in office, the Head of State revealed that he was on a mission to
improve public sector sugar millers which had been reeling under a mountain of
debt.
In August last year,
he authorized the state to write off Ksh117 billion owed by five
government-owned companies.
The sugar companies set
to be sold include Mumias, Chemelil,
South Nyanza, Nzoia, Muhoroni, and Miwani sugar factories.
The Kenyan DAILY POST
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