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Mumias Sugar huge demand
kayhara
#2861 Posted : Monday, November 30, 2020 9:19:41 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 1,059
Nairobi business ventures suspension lifted, if kcb get the mill running msc might get trading again
To Each His Own
HaMaina
#2862 Posted : Tuesday, December 01, 2020 2:48:28 PM
Rank: Member


Joined: 4/23/2014
Posts: 837
Kenya granted two year extension on Comesa sugar safeguards
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#2863 Posted : Friday, January 15, 2021 11:08:13 AM
Rank: Member


Joined: 4/23/2014
Posts: 837
The local sugar industry has been unusually quiet this year. Anyone with on the ground info?
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Ericsson
#2864 Posted : Friday, January 15, 2021 12:18:42 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
HaMaina wrote:
The local sugar industry has been unusually quiet this year. Anyone with on the ground info?


West Kenya taking everything and will become the dominant local supplier
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
HaMaina
#2865 Posted : Monday, March 01, 2021 10:27:01 AM
Rank: Member


Joined: 4/23/2014
Posts: 837
The Comesa Sugar Safeguards 2 year extension starts today. Another 24 month wait and see session.Sad Sad
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
kayhara
#2866 Posted : Monday, March 01, 2021 3:32:06 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 1,059
HaMaina wrote:
The Comesa Sugar Safeguards 2 year extension starts today. Another 24 month wait and see session.Sad Sad

are we expecting GoK to do anything within those 2 years? and with the political noise about to or already started will anything happen?
How is KCB doing in Mumias, there were stories of sabotage, frustration and straight political interference to the receiver manager.
To Each His Own
kayhara
#2867 Posted : Wednesday, March 03, 2021 12:28:02 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 1,059
Mumias Sugar suffers blow as court upholds Sh92m fee to Ojienda
link

To Each His Own
HaMaina
#2868 Posted : Thursday, April 08, 2021 2:53:50 PM
Rank: Member


Joined: 4/23/2014
Posts: 837
Millers face 1.5pc interest on sugar cane pay delays

The sugar industry seems to be warming up.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Ericsson
#2869 Posted : Thursday, April 08, 2021 7:14:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,934
Location: NAIROBI
HaMaina wrote:
Millers face 1.5pc interest on sugar cane pay delays

The sugar industry seems to be warming up.

Is Mumias Sugar operating.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#2870 Posted : Thursday, April 08, 2021 7:18:31 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,864
Ericsson wrote:
HaMaina wrote:
Millers face 1.5pc interest on sugar cane pay delays

The sugar industry seems to be warming up.

Is Mumias Sugar operating.


Carcass!!! smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
HaMaina
#2871 Posted : Friday, April 09, 2021 12:21:49 PM
Rank: Member


Joined: 4/23/2014
Posts: 837
Angelica _ann wrote:
Ericsson wrote:
HaMaina wrote:
Millers face 1.5pc interest on sugar cane pay delays

The sugar industry seems to be warming up.

Is Mumias Sugar operating.


Carcass!!! smile


Ata yesu alifufuka.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#2872 Posted : Sunday, May 02, 2021 5:54:53 PM
Rank: Member


Joined: 4/23/2014
Posts: 837
22 Months to the COMESA Sugar safeguards. Staying strong and waiting. Let's have a pint and stay calm.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#2873 Posted : Thursday, June 03, 2021 12:50:24 PM
Rank: Member


Joined: 4/23/2014
Posts: 837
Steel tycoon Narendra Raval in race to rescue ailing Mumias Sugar

https://www.the-star.co.ke/business/kenya/2021-06-03-western-leaders-demand-transparency-in-search-of-mumias-sugar-investor/

The hawks and vultures have already started circling around overhead, ready for a quick bite. Shameful that the politicians supposed to be protecting the farmers seem to see some sense in this and are even willing to negotiate. Shame on you Shame on you Shame on you

21 Months to the COMESA Sugar safeguards. Hope there will be something sensible said in this years budget in regard with the sugar sector.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
sparkly
#2874 Posted : Thursday, June 03, 2021 1:58:56 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,001
Location: Enk are Nyirobi
HaMaina wrote:
Steel tycoon Narendra Raval in race to rescue ailing Mumias Sugar

https://www.the-star.co.ke/business/kenya/2021-06-03-western-leaders-demand-transparency-in-search-of-mumias-sugar-investor/

The hawks and vultures have already started circling around overhead, ready for a quick bite. Shameful that the politicians supposed to be protecting the farmers seem to see some sense in this and are even willing to negotiate. Shame on you Shame on you Shame on you

21 Months to the COMESA Sugar safeguards. Hope there will be something sensible said in this years budget in regard with the sugar sector.


Pole. KCB is simply trying to recover loans
Life is short. Live passionately.
HaMaina
#2875 Posted : Friday, June 04, 2021 12:20:49 PM
Rank: Member


Joined: 4/23/2014
Posts: 837
Devki Billionaire Pulls Out of Ksh 5B Mumias Sugar Purchase
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Ebenyo
#2876 Posted : Friday, June 04, 2021 4:01:30 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,989
Location: Kitale



This issue was not mentioned in the recent KCB virtual AGM.
KCB group holdings can start a subsidiary company and run mumias.I don't know whether CBK will allow it but there is enough cash to run mumias and buy the two banks in Tanzania and Rwanda.
Towards the goal of financial freedom
HaMaina
#2877 Posted : Friday, June 04, 2021 8:03:23 PM
Rank: Member


Joined: 4/23/2014
Posts: 837
Farmers Disappointed with Uhuru
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Metch
#2878 Posted : Saturday, June 05, 2021 8:43:12 AM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya


As expected. Knowing this country, am certain the politicians also sent emissaries with cash demands or else. The best thing to do when monkeys start flinging their excrement is to take cover.
Start!
Angelica _ann
#2879 Posted : Saturday, June 05, 2021 12:10:14 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,864
Metch wrote:


As expected. Knowing this country, am certain the politicians also sent emissaries with cash demands or else. The best thing to do when monkeys start flinging their excrement is to take cover.


Politicians heard 5B & ran mad!!! Never interested in the plight of the people.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Queen
#2880 Posted : Saturday, June 05, 2021 1:42:41 PM
Rank: Member


Joined: 11/21/2018
Posts: 477
Location: Britain
Angelica _ann wrote:
Metch wrote:


As expected. Knowing this country, am certain the politicians also sent emissaries with cash demands or else. The best thing to do when monkeys start flinging their excrement is to take cover.


Politicians heard 5B & ran mad!!! Never interested in the plight of the people.


The same politicians are now pleading with the investor not to pull out of the deal. Hypocrites!
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