The liabilities of State-run sugar millers are now Sh78.45 billion more than the value of assets, making the millers technically insolvent even as privatisation programme delays.
The government investment report for the financial year ended last June shows that the insolvency of Chemilil, Muhoroni, Nzoia and Sony Sugar has grown by 19.7 per cent from Sh65.56 billion at the end of June 2018.
