Sign in
Download Opera News App






What You Should Know About Julius Mwale, Kakamega Tycoon Who Has Offered 27 Billion For Mumias Sugar

Julius Mwale is a Kenyan who was born and raised in Western Region of Kenya. Julius Mwale is a billionaire who currently lives in New York, neighboring fellow billionaires such as Bill Gates, Former President Donald Trump and Investor George Soros. Billionaire Julius Mwale is among the top businessmen who have bid to take over the ailing Mumias Sugar Company which was one of the best factories not only in Kenya but in East Africa.

According to, Mwale outbid seasoned businessmen including French and Turkish investors after offering Ksh27 billion in order to run the facility for a period of 20 years.

The second-highest bid was from Kruman Finances Company which offered Ksh19.7 billion for the opportunity to manage Mumias Sugar Company for a period of 25 years.

As the tussle continues, very few Kenyans are, however, familiar with the billionaire who may be in charge of the country's best sugar manufacturer in the near future

"Julius Mwale has been at the center of power and innovation for many years since making a fortune in the technology industry. Here is his story." Tweeted by

Content created and supplied by: demahom (via Opera News )

Bill Gates Donald Trump Julius Mwale Mwale New York


Load app to read more comments