Sessional Paper No. 05 of 1971 on Government Guarantee of Mumias Sugar Company Limited's Purchase of Sugar Factory Plant from Booker McConnell Limited

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Government of Kenya

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Sessional Paper

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Sessional Paper;1971;

Abstract

In 1967, the Kenya Government entered into an agreement with the British firm of Booker McConnell Limited for a pilot scheme and stage 1 commercial project as a study to ascertain the feasibility of establishing a sugar industry at Mumias. The Bookers' report which was submitted to Government in September, 1970 showed that it was possible to grow sugar-cane and establish a sugar factory in that area. As the report was fully favourable, the Government decided to proceed with the project. The undertaking now calls for a factory initially capable of crushing cane at an average of 1760 metric tons per day, equivalent to about 50,000 tons of mill white sugar per annum. The factory will be capable of expanding to a production level of 70,000 tons of mill white sugar per annum.

Description

Keywords

Sugar Production, Development Finance, Loan Guarantee, Loan Financing, Kenya

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