Sony Sugar clears Sh992m debt to cane farmers, CEO says

Sugarcane

Workers load sugarcane onto a tractor.

Photo credit: Isaac Wale | Nation Media Group

Struggling Sony Sugar Company has fully settled Sh992 million debt to sugarcane farmers, newly appointed Chief Executive Officer (CEO) Martine Dima said, raising hopes of revamping the miller’s operations.

In the initial payment, the National Treasury disbursed 92.5 percent, translating to Sh686 million while the balance of Sh181 million was paid to cane growers last week.

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