wazua Fri, Mar 20, 2026
Welcome Guest Search | Active Topics | Log In

299 Pages«<277278279280281>»
Mumias Sugar huge demand
Options
Previous Topic · Next Topic
Njunge
#2781 Posted : Friday, November 29, 2019 9:52:44 AM
Rank: Elder

Joined: 2/7/2007
Posts: 921
Angelica _ann wrote:
[quote=FUNKY][quote=Angelica _ann][quote=FUNKY]

The factory itself is in a poor state of repairs and maintenance. Workers je, or the sugarcane will mill itself....


Apart from the Process house and 1 key boiler,the rest of the factory is not in bad condition. Still this requires quite some capital to put to work. Also,the good technical staff left and it is not easy replacing them. Wabuke is not new to Mumias having been an Agricultural manager there way back in the 90s. He is a good , well knowledged fellow but as I have indicated above,without capital and the right technical staff, KCB can bring Jesus and still fail.
Back to top
  |
HaMaina
#2782 Posted : Wednesday, December 18, 2019 10:51:17 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
State to lose billions as Kibos Sugar set to relocate to Rwanda
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Back to top
  |
kayhara
#2783 Posted : Thursday, December 19, 2019 1:00:32 PM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
"Why Mumias Sugar won't trade on NSE until quarter2, 2020"
https://www.nation.co.ke...391446-4jrc54/index.html
To Each His Own
Back to top
  |
HaMaina
#2784 Posted : Thursday, December 19, 2019 3:15:42 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
[quote=kayhara]"Why Mumias Sugar won't trade on NSE until quarter2, 2020"
https://www.nation.co.ke...91446-4jrc54/index.html[/quote]

Where is oparanya with his know it all recovery ideas and chini ya maji task force now?? Either the government task force was to work as one team, or the debtors would get jittery.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Back to top
  |
kayhara
#2785 Posted : Monday, December 23, 2019 5:05:36 PM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059

Sacked Mumias staff get Sh20,000 termination pay

Quote:
He added that the law provides for the employees to be paid last because they were not secured creditors when a firm has been placed under administration or is being liquidated.

The Sh20, 000 pay came as a shocker to the Mumias Sugar employees who are owed Sh2.4 billion in salary arrears and pension dues.

They are making this look like a good thing for mumias employees, but it's not.
To Each His Own
Back to top
  |
VituVingiSana
#2786 Posted : Tuesday, December 24, 2019 12:19:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
kayhara wrote:

Sacked Mumias staff get Sh20,000 termination pay

Quote:
He added that the law provides for the employees to be paid last because they were not secured creditors when a firm has been placed under administration or is being liquidated.

The Sh20, 000 pay came as a shocker to the Mumias Sugar employees who are owed Sh2.4 billion in salary arrears and pension dues.

They are making this look like a good thing for mumias employees, but it's not.
Better take the 20k than get nothing at all.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Ebenyo
#2787 Posted : Thursday, December 26, 2019 7:31:47 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
[quote=VituVingiSana][quote=kayhara]
Sacked Mumias staff get Sh20,000 termination pay

kcb should not spend more money here.It might prove hard to recoup it later.
Since they have placed mumias under receivership,let them ask the court to be allowed to sell some assets and recoup their ksh 545 million.Then Watoke hapo.
Otherwise they may end up spending more than mumias assets which is kshs 15 billion.
Towards the goal of financial freedom
Back to top
  |
obiero
#2788 Posted : Thursday, December 26, 2019 7:41:31 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ebenyo wrote:
[quote=VituVingiSana][quote=kayhara]
Sacked Mumias staff get Sh20,000 termination pay

kcb should not spend more money here.It might prove hard to recoup it later.
Since they have placed mumias under receivership,let them ask the court to be allowed to sell some assets and recoup their ksh 545 million.Then Watoke hapo.
Otherwise they may end up spending more than mumias assets which is kshs 15 billion.

Separation pay has to be made. Hauna roho wewe?

KQ ABP 4.26
Back to top
WWW
  |
VituVingiSana
#2789 Posted : Thursday, December 26, 2019 8:02:19 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
Ebenyo wrote:
[quote=VituVingiSana][quote=kayhara]
Sacked Mumias staff get Sh20,000 termination pay

kcb should not spend more money here.It might prove hard to recoup it later.
Since they have placed mumias under receivership,let them ask the court to be allowed to sell some assets and recoup their ksh 545 million.Then Watoke hapo.
Otherwise they may end up spending more than mumias assets which is kshs 15 billion.

Separation pay has to be made. Hauna roho wewe?
Mumias is bankrupt. They have not been working for 1-2 years. Many other Kenyans are suffering while Mumias got bailouts.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
obiero
#2790 Posted : Thursday, December 26, 2019 8:18:45 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Ebenyo wrote:
[quote=VituVingiSana][quote=kayhara]
Sacked Mumias staff get Sh20,000 termination pay

kcb should not spend more money here.It might prove hard to recoup it later.
Since they have placed mumias under receivership,let them ask the court to be allowed to sell some assets and recoup their ksh 545 million.Then Watoke hapo.
Otherwise they may end up spending more than mumias assets which is kshs 15 billion.

Separation pay has to be made. Hauna roho wewe?
Mumias is bankrupt. They have not been working for 1-2 years. Many other Kenyans are suffering while Mumias got bailouts.

Severance pay is not a salary

KQ ABP 4.26
Back to top
WWW
  |
299 Pages«<277278279280281>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.