We can blame the cartels or former CEOs but two things are clear.
Poor management & Inefficient operations- The previous managements of Mumias have not been able to turn Mumias into an efficient sugar miller. High operational costs and cheap imported sugar have brought the firm to its knees.
In this day and age, firms that produce above average quality at the cheapest price will eventually take over the global market.
Mumias might get a bailout but that cash will have to be paid back(debt).
As an investor why invest cash in a business that cant produce their main product in a profitable way. We can hope for a turnaround but have we forgotten the rights issue a few years ago. Investors are still licking their wounds.

@maichblack it's been a while . You appear and dissappear .so what do you have on your plate today

The Kenya Chamber of Commerce & Industry and its Uganda counterpart have clarified the "sweet trade deal" was unfortunately "poisoned" (rogwad) by a political murogi uninformed and purely driven jealousy and NOT business acumen at all . They have issued a statement on how deal was structured as traders and how it was to proceed. Is this issue a business or political issue? Why politicize everything and make everyone so anxious including the principal stakeholders in the business to worry so much after working very hard to streamline trading relations? How do we stop uninformed people causing so much anxiety in the markets?

Next should be Titus Naikuni's bank accounts. Any takers?

Only (approx.) three kinds of people would have a billion in their account. And that is only one account and after campaign expenses deductions.

Even "leaders of industries" don't have a billion in cash in their account. People who have made clean billions would rarely have a billion shilling in their accounts. Most of the money is tied up in different ventures and in most cases they have to borrow money because to be a "clean" billionaire, your imagination, creativity, industry, ideas should be way ahead of the cash you hold!!!

Today's Nation cartoon, tinga tinga is higghh, don't I miss the sweet old days.

Mumias woes are purely managerial am confident Errol the new C.E.O should navigate through.

Outdated machinery,Loans,Corruption,unscrupulous politicians, chini ya maji imports, etc,etc This tune has been going on for the past 3 years, we need a new one.{|= {|= {|= {|= {|=
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Hon Duale makes my day.

ACK Bishop Eliud Wabukala calls for sobriety on the Sugar discussions

https://www.youtube.com/watch?v=DmCTjghDKDU

So it is all about protecting individuals.

God protect Kenyans from these unjust men and women. What will they tell God when they finally meet him