A section of farmers in Mumias, Kakamega County, have given the management of Mumias Sugar Company a two-week notice to disclose the firm's financial status report.
Addressing the press on Saturday, March 8, the farmers, alongside other sugar industry stakeholders, raised alarm over alleged inconsistency in the financial management of the company.
The farmers, while venting their frustrations, questioned how the company was unable to pay a multi-million debt it owed to a local bank despite generating adequate revenue from the sale of sugar. "We do not know what this receiver manager took over; we do not know the value of the assets, including the value of tractors that he took over when he acquired the company," noted a representative of the farmers.
A truck harvesting sugarcane Photo John W Banagan "We do not know the amount he received after selling the sugar he found there and how he utilised the money; we have never been given any status report," he added.
