Uganda-based Sarrai Group wins deal to revive Mumias Sugar; Kenyan tycoon Julius Mwale signals court action
Sarrai Group has edged out Mwale to win the lease to operate and revive Mumias Sugar.
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Sarrai Group has edged out Mwale to win the lease to operate and revive Mumias Sugar.
Mumias Sugar was once the largest sugar manufacturer in Kenya.
Indian engineering consultancy firm J.P Mukherji & Associates operates in more than 30 countries across four continents.
The funds will be used to kickstart sugarcane cultivation and sugar production.
The bid puts him ahead of steel tycoon Narendra Raval and Rai Group Chairman Jaswant Rai.