Investor to buy Sh500m stake in Transmara’s Angata Sugar Mills

A crane lifting cane for crushing at Nzoia sugar company in Bungoma county.

Photo credit: Isaac Wale| Nation Media Group

An investor is set to acquire a 40 percent stake in Angata Sugar Mills, which is developing a milling factory in Moyoi in Transmara, Narok County, disclosures showed.

Sources privy to the deal said Savannah Crest (KE) Limited would pay about Sh500 million for the stake in Angata Sugar, with the transaction expected to conclude by December 2024.

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