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Mumias to retrench more even as board pay doubles

Review board papers show the range of tricks that State entities use to block certain bidders from lucrative contracts. PHOTO | BD GRAPHIC

By  Victor Juma

Business Editor

Nation Media Group

Mumias Sugar #ticker:MSC is set for another round of staff retrenchment this year, even as its board pay more than doubled to Sh28.4 million in 2017.

The Nairobi Securities Exchange-listed firm paid its directors Sh12.4 million in the year ended June 2016, according to its latest annual report which reveals the sharp rise in board emoluments.

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