Bloomberg News

Mumias Sugar Revives Plans for New Factory, Standard Says

July 12, 2012

July 12 (Bloomberg) -- Mumias Sugar Co. Ltd. revived plans to build a plant in the Tana Delta at the Kenyan coast after the project stalled six years ago, the Standard reported.

The project, which is being done with the state-run Tana and Athi Rivers Development Authority, requires $400 million and will be funded through debt and equity, the Nairobi-based newspaper said, citing Mumias Managing Director Peter Kebati.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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