After the last rating that GCR downgraded the credit rating for CG , the share price actually went up.. Counters defying analysts?

THE government will inject Sh500 million to bail out cash-strapped Mumias Sugar, Felix Koskei the Agriculture Cabinet Secretary has said. The cash is meant to help turn around struggling Mumias, which accounts for close to a third of Kenya’s annual sugar production, Koskei said in a statement late on Thursday. The amount offered by the state is nearly a fifth of what the sugar miller had requested from the government to sustain its operations and meet its financial obligations. It had sought Sh2.4 billion bailout from the government which has a 20 per cent stake in the firm.

I hope the 8 & 13 ni mapeni..thus 80 cts and 130 cts...because if you're thinking of shilllings!!!!!! hiyo fangi yakaburi rudishia mwenyewe.....tumia ile rocket na rooster umezoea.

my joy is that pple have continued to make money despite the unfounded bear romour, let pple be vigilant to spot any bear before it bites anyone

Any news on comesa?

Some investors who bought at <2 must have been privy of the government's bailout. Nothing else can explain the logic behind buying an insolvent company

Its ok I found it thanks.

http://www.businessdaily...8/-/fylg0y/-/index.html

The 500m is equivalent to what MSC is paying in interest every year

I thought 500m to rescue MSC was a drop in the ocean. Lakini in the short run let people make money!

govt to inject 500m deliberate on kplc dept, unpaid kra tax and the comesa thing , 300m from county govt to pay farmers, directors restructuring is on path whats remaining is suppliers cash, cane improvement, recapture market, public confidence and return to profitability.