Thousands of families that depended on sugarcane farming for a livelihood are still contending with the misfortunes brought about by years of mismanagement and plunder of public resources that suffocated the industry.
Supermarket chain Naivas has raised Sh6 billion from the sale of a 30 per cent stake to a consortium of investors, including the International Finance Corporation (IFC), valuing the retailer at Sh20 billion.
Benson Okome, 38, from Ichinga Village in Mumias, Kakamega County, has resorted to harvesting the overgrown grass on the deserted Mumias Sugar Company’s nucleus farm, selling it to livestock farmers as animal feed.
The Kenya Revenue Authority (KRA) is to be allocated an extra Sh10 billion to boost identification and capture of wealthy tax cheats in what promises to be the biggest crackdown yet on high-net-worth individuals and firms.
The Sh1.6 billion loan dispute between East Africa Development Bank (EADB) and Jubilee Secretary General Raphael Tuju has taken a new twist with the lender now training its guns on Bank of Africa (BOA).