Steel tycoon Narendra Raval plans to invest Sh5 billion in modernising Mumias Sugar #ticker:MSC ageing plant and develop cane in the latest bid to revive the once top miller that stopped production nearly three years ago.
Mr Raval, who is in the race to lease the indebted sugar miller, has unveiled a multi-billion shilling package that will see Sh4 billion used to upgrade the rundown production plant and Sh1 billion sweetener for farmers to return to cane production.
