Kenyan sugar tycoon Jaswant Rai plans $32 million factory in Nandi County
Jaswant Rai's West Kenya Sugar plans a Sh4.2 billion factory in Nandi County, extending the Rai family's hold on Kenya's sugar industry.
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Jaswant Rai's West Kenya Sugar plans a Sh4.2 billion factory in Nandi County, extending the Rai family's hold on Kenya's sugar industry.
Kenya's Auditor-General has flagged the 30-year lease of Nzoia Sugar to Jaswant Rai's West Kenya as opaque, saying no handover document or asset valuation was provided to auditors.
The Rai family is one of the wealthiest families in Kenya.
The Rai family owns Rai Group, a closely held family conglomerate founded by their patriarch, Tarlochan Singh Rai.