The Government is ready to surrender its stake in five sugar factories in efforts to streamline the management of the sector, Deputy President William Ruto has said.
Mr Ruto said Wednesday the Government was looking into ways of expediting the privatisation of Miwani, Muhoroni, Nzoia, Sony and Chemilil sugar factories.
“We have to make changes to the model we are using to manage the sugar sector. We have no problem even if it means we surrender our stake in the sugar factories, so long as it will be for the benefit of the sugarcane farmers,” said Mr Ruto.
Speaking during a consultative meeting on the privatisation of sugar factories, held at his Karen office, Nairobi, the Deputy President said the manner in which the factories were being run, calls for the reenergising of the management of the sugar industry.
The meeting brought together Governors from the sugarcane growing areas, officials from the Ministries of Agriculture, Lands, Devolution, Treasury and the National Lands Commission.
The Deputy President said decisions must be made to better manage the industry for the farmers’ benefit.
“With a situation where private companies in the sugar industry are making money while the public ones are making loses, shows that there is a problem somewhere which must be fixed,” said Mr Ruto.
Cabinet Secretary Mwangi Kiunjuri (Agriculture), Governors Okoth Obado (Siaya), Stephen Sang (Nandi) and Paul Chepkwony (Kericho), Privatisation Commission Chairman Henry Obwocha and his National Lands Commission counterpart Muhammad Swazuri were present.