MPs reject plan to merge Muhoroni, Chemilil sugar factories
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Parliament has rejected the proposed merger of Chemilil and Muhoroni sugar companies saying it would lead to job losses and adversely affect competition in the industry.
The National Assembly adopted the recommendation of the joint committee of the Finance and National Planning and Agriculture committees to have the two sugar millers leased as separate entities.
Through the move, the lawmakers overturned the proposed merger of the two ailing sugar mills as contained in the National Treasury’s Memorandum on Action Plans to Revive and Commercialise the State-Owned Sugar Companies.
Source Link: https://nation.africa/kenya/news/mps-reject-plan-to-merge-muhoroni-chemilil-sugar-factories-4499780
