Sharp Daily
No Result
View All Result
Tuesday, February 10, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Cabinet approves KES 117 billion write-off for Kenya’s sugar sector

Brian Murimi by Brian Murimi
October 9, 2023
in News
Reading Time: 2 mins read

Kenya’s cabinet approved writing off KES 117 billion  in loans and tax arrears owed by public sugar mills on Monday, in a move aimed at reviving the struggling sugar industry centered in the country’s Nyanza region.

The decision came during a cabinet meeting in Kisumu chaired by President William Ruto, the third gathering held outside the capital as part of his presidential working tours across Kenya.

The substantial write-off for the heavily indebted public millers is intended to act as “a boost to the Nyanza economy” where sugar production is concentrated, according to a despatch from the Executive Office of the President.

The relief package also includes a 90-day payment plan for the mills to clear significant salary and farmer arrears that have hampered operations.

RELATEDPOSTS

Ishowspeed Concludes His 28-Day Africa Tour: What It Means For Africa

February 6, 2026

Kenya’s bond market growth outlook for 2026

January 23, 2026

Sugarcane farmers have faced major challenges from the decline of public sugar mills for decades across Nyanza and Western Kenya, two key sugarcane growing regions.

The package aims to “reinvigorate public sugar mills, the backbone of the Nyanza/Western economy,” the despatch stated.

Read more: Kenya approves LPG policy to transition households from dirty fuels

The cabinet also approved a new health project to establish local capacity for vaccine production, strengthen regulation and quality control, and enhance pandemic preparedness.

The project comprises establishing facilities for vaccine fill-and-finish production at the Kenya BioVax Institute, boosting regulatory capacity at the Pharmacy and Poisons Board, upgrading quality control at the National Quality Control Laboratory, strengthening the National Public Health Institute, and building workforce skills in bio-manufacturing.

The cabinet said the project aims to support a ‘one health’ approach leveraging local production and innovation to bolster Kenya’s health system and realization of universal health coverage.

“This seminal programme is projected to contribute towards supporting the ‘one health’ approach based on local production, research, and innovation; which is integral to improving the social determinants of health in Kenya,” the despatch stated.

In line with the government’s ‘Buy Kenya Build Kenya’ policy, the cabinet directed the Kenya Medical Supplies Authority to prioritize locally made pharmaceuticals in procurement.

The session also approved establishing a new transport accident investigation bureau covering all modes, and co-hosting AFCON 2027 with stadium upgrades. Education reforms, a Technopolis Bill, presidential mercy policy, extradition agreements, and a tree planting campaign were among other items approved.

The Kisumu cabinet meeting also approved upgrades to the Gogo hydropower plant along the Kuja River to improve electricity supply in the area.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Kenya approves LPG policy to transition households from dirty fuels

Next Post

Teen pregnancies reach alarming levels in Kilifi County

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

Analysis

Safaricom ziidi trader, bringing stock market investing to m-pesa

February 10, 2026
News

Ziidi Trader: can M-PESA finally bring the stock market to every Kenyan?

February 10, 2026
News

When Sustainable Innovation Struggles to Scale: The Case of KOKO Networks

February 10, 2026
News

NSE Enables Direct Share Trading via M-Pesa in Major Shift for Retail Investors

February 10, 2026
News

Living Paycheck to Paycheck; Even With a “Good Job”

February 9, 2026
News

NSSF Takes Sh9.5 Billion Stake in Nairobi–Nakuru Toll Road Project

February 9, 2026

LATEST STORIES

Safaricom ziidi trader, bringing stock market investing to m-pesa

February 10, 2026

KRA to introduce new tax compliance certificate linked to eTIMS to boost electronic tax invoice adoption

February 10, 2026

Ziidi Trader: can M-PESA finally bring the stock market to every Kenyan?

February 10, 2026

When Sustainable Innovation Struggles to Scale: The Case of KOKO Networks

February 10, 2026

NSE Enables Direct Share Trading via M-Pesa in Major Shift for Retail Investors

February 10, 2026

Spotify will let users buy physical books in app and use page match to bridge print and audiobook experiences

February 9, 2026

Living Paycheck to Paycheck; Even With a “Good Job”

February 9, 2026

NSSF Takes Sh9.5 Billion Stake in Nairobi–Nakuru Toll Road Project

February 9, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024