Kakamega tycoon and former military man Julius Mwale topped the bid to resuscitate the stalled Mumias Sugar Company, which had been placed under receivership on September 2019 over failure to service its debts.
Mwale’s offer of Kshs.27.6 billion dwarfed the offer of Kshs.3.5 billion by West Kenya Sugar proprietor – the Rail family. It also surpassed the offer of Devki Group which stood at Kshs.8.4 billion.
Who is Julius Mwale?
Julius Mwale was born in Khwisero in Kakamega County and joined Kenya Air force in 1994. Six years after he had joined the military, he started brushing shoulders with top government officials and alleged that his life was in danger.
Mwale fled to the United States in 2000 after seeking political asylum following a bitter acrimony with Kenyan authorities.
He started the Mwale Medical and Technology City, located in Butere Sub County at a value of USD 2 billion. Apart from the medical facility, Mwale City also hosts multi-faceted shopping and residential apartments.
The City takes cognizance of measures to mitigate greenhouse gas emissions by making use of renewable sources of energy such as solar powered street lights.
He is also a force behind the construction of a Kshs.600 billion Akon City in Senegal – a project associated with rapper Akon.
Content created and supplied by: Phode (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More