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Good News To Mumias Sugarcane Growers: Investor Offers 2.2B To Them Hrs After President Announcement

20th October 2021 was a very great day for all Kenyans and especially farmers from several categories for instance Tea farmers, Coffee farmers and Sugar cane farmers. During the Mashujaa day celebrations held in Nyeri County, at Wang'uru Stadium these farmers had a reason to smile as the head of state President Uhuru Kenyatta assured them of multi billion stimulus which would boost the economic development of the country.

For instance President Uhuru Kenyatta promised Sh.1 billion in support of fertilizer subsidy for tea farmers, then another Sh. 1 billion for completion of the ongoing intervention in coffee reforms.

Lastly the the President gave Sh. 1.5 billion for factories maintainance and payment of farmers arrears.

This will greatly help revive some of the sugarcane factories like Mumias that is on its death bed to start operating and therefore bringing revenues to Farmers and the Country as a whole.

Barely hour after the President Uhuru announced this good news to farmers, a other good news is that one investor; Businessman Julius Mwale, who placed Sh. 27 billion bid in the leasing of the ailling Mumias Sugar factory has proposed Sh. 2.2 billion to farmers in a bid to woo them back in to Sugarcane farming.

Mr. Mwale through his Tumaz and Tumaz Enterprise, said the money would be channeled towards growers through the Mumias Outgrowers Company for Sugarcane development.

Indeed this is a good news to the cane sector as it will revive the economic sector.

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

Julius Mwale Mashujaa Mumias Nyeri Wang'uru Stadium


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