Mumias Sugar Company (NSE; MSC) has announced operations will remain closed until further notice following a special Board meeting.
The Nairobi Securities Exchange listed company said the closure was due to cash flow problems and more than 1600 employees will be affected. The miller’s Managing director Errol Johnson said they were exploring options to deal with the cash flow crisis in order to “fix equipment which had contributed to the company’s poor performance due to inconsistent maintenance.”
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.