More than Sh117 billion debts owed by five struggling State sugar companies will be written off by the government before they can be leased to private investors if Parliament approves a plan by the Treasury.
The plan will also see run-down factories sold and land leased to the bidders picked to commercially run Nzoia Sugar, South Nyanza Sugar (SONY), Chemelil Sugar, Mumias Sugar, Muhoroni Sugar and Miwani Sugar to construct modern plants.
