Chemelil Sugar Company is technically insolvent and its continued operation depends on financial support from the government, the Auditor-General Edward Ouko has said in a new report. Mr Ouko said the company incurred a loss of Sh767,454,578 up from Sh640 million in 2014/15.
He said the loss brought the miller’s total accumulated losses to Sh4,381,006,719 in the year to June 2016.
