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Mumias Sugar huge demand
Rank: Member Joined: 6/29/2006 Posts: 184
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mawinder wrote:I had given the Director of Marketing and Corporate affairs a one week notice to resign which ended on Thursday.I add her one more week or else I will ensure she is sacked by 3rd February.She should have learnt from the former Director of Finance who thought I was an ordinary Kenyan but later left Mumias knowing I am a small powerful man.Ataenda ama ataenda!!!!!!!
I like this... & plz don't add any more time to the notice ...
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Mumias Sugar has opened talks with
local and international banks to help
build a $400 million (Sh34.3 billion)
factory in Tana Delta in August.
www.businessdailyafrica....52/-/ciord0/-/index.htmlIf you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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A technical team from the Common
Market for East and Southern Africa
(Comesa) is in the country to assess
Kenya’s progress in making sugar
production more efficient.
The team will evaluate whether
Kenya has fulfilled conditions set by
the bloc before the council of
ministers decides whether or not to
extend restrictions on entry of tax-
free sugar that have been in force
for a decade.
www.businessdailyafrica....2/-/12yk3of/-/index.htmlIf you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote: At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational.
Aug 2014 is ground breaking time which is a major step. More, getting financing from the conservative bankers is a great mark of confidence in the local sugar industry ;)
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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mwekez@ji wrote:VituVingiSana wrote: At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational.
Aug 2014 is ground breaking time which is a major step. More, getting financing from the conservative bankers is a great mark of confidence in the local sugar industry ;) The loans have NOT been given/approved but is under discussion according to the article. There's a lot of time to go. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:mwekez@ji wrote:VituVingiSana wrote: At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational.
Aug 2014 is ground breaking time which is a major step. More, getting financing from the conservative bankers is a great mark of confidence in the local sugar industry ;) The loans have NOT been given/approved but is under discussion according to the article. There's a lot of time to go.
Those discussions are targeted to be done by June. Thats a time but money will be made. We shall sell the news then, while some will be rushing to buy ;)
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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mwekez@ji wrote:VituVingiSana wrote:mwekez@ji wrote:VituVingiSana wrote: At best an agreement will be reached by Aug 2014 but the factory will take at least 2 years thereafter [2017] to be operational.
Aug 2014 is ground breaking time which is a major step. More, getting financing from the conservative bankers is a great mark of confidence in the local sugar industry ;) The loans have NOT been given/approved but is under discussion according to the article. There's a lot of time to go.
Those discussions are targeted to be done by June. Thats a time but money will be made. We shall sell the news then, while some will be rushing to buy ;) LOL, good luck. I shall wait & watch from the sidelines.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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And now the counties want to take over Mumias..see nation ( smart business) page 12.
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