Wazua
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Mumias Sugar huge demand
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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This is another CMC. Serious enterprise corruption. Confessions will fry this bus and worse trap the occupants if the counter is suspended - highly likely  http://mobile.nation.co....l/-/1yknjn/-/index.html $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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It tells me however that there is still demand for sugar ..unlike the case of neverready
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Rank: Member Joined: 7/12/2011 Posts: 177 Location: Jersey Island
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Word is....(no link yet) that a bank has moved to Court to seek winding up of MSC Over a Kes 93Million debt. Can anyone confirm?
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Kaka Sunguch wrote:Word is....(no link yet) that a bank has moved to Court to seek winding up of MSC Over a Kes 93Million debt. Can anyone confirm? Standard Group LinkQuote: Kenya: A bank has moved to court seeking orders to wind up Mumias Sugar Company over a debt of Sh93 million. The company could be even in more trouble as MPs threatened to slap it with a Sh1 billion bill over unpaid taxes relating to fake sugar exports over the past years. The exports claimed by the firm never left the country. Read more at: http://www.standardmedia...-mumias-over-sh93m-debt Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Pesa Nane wrote:Kaka Sunguch wrote:Word is....(no link yet) that a bank has moved to Court to seek winding up of MSC Over a Kes 93Million debt. Can anyone confirm? Standard Group LinkQuote: Kenya: A bank has moved to court seeking orders to wind up Mumias Sugar Company over a debt of Sh93 million. The company could be even in more trouble as MPs threatened to slap it with a Sh1 billion bill over unpaid taxes relating to fake sugar exports over the past years. The exports claimed by the firm never left the country. Read more at: http://www.standardmedia...-mumias-over-sh93m-debt Shida tupu... possunt quia posse videntur
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Rank: New-farer Joined: 10/11/2011 Posts: 25
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More Shida NIS admits it has no clue who dumps cheap sugar in Kenya linkI guess this means the importers are too powerful to be touched.
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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maka wrote:Pesa Nane wrote:Kaka Sunguch wrote:Word is....(no link yet) that a bank has moved to Court to seek winding up of MSC Over a Kes 93Million debt. Can anyone confirm? Standard Group LinkQuote: Kenya: A bank has moved to court seeking orders to wind up Mumias Sugar Company over a debt of Sh93 million. The company could be even in more trouble as MPs threatened to slap it with a Sh1 billion bill over unpaid taxes relating to fake sugar exports over the past years. The exports claimed by the firm never left the country. Read more at: http://www.standardmedia...-mumias-over-sh93m-debt Shida tupu... mademoni
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Rank: Elder Joined: 12/7/2012 Posts: 11,936
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Will it ever survive! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Angelica _ann wrote:Will it ever survive! Serious enterprise corruption ends up in bankruptcy in most cases. To survive the firm is sold off at a song or chopped up and the healthy pieces bought on the cheap. In most cases a delisting follows.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:Angelica _ann wrote:Will it ever survive! Serious enterprise corruption ends up in bankruptcy in most cases. To survive the firm is sold off at a song or chopped up and the healthy pieces bought on the cheap. In most cases a delisting follows. Disaster "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
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