Sharp Daily
No Result
View All Result
Tuesday, June 3, 2025
  • 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

Relief To Farmers As Chemelil Sugar Commits To Settle Debts

Domenic Ntoogo by Domenic Ntoogo
December 23, 2022
in News
Reading Time: 1 min read
Chemelil Sugar

Farmers who supplied cane to Chemelil Sugar Company can now breathe a sigh of relief after the company promised to disburse Ksh.7.5 million towards servicing the arrears.

The company’s acting managing director Gabriel Nyangweso said the firm was committed to settling all the arrears that accrued in early 2022, adding that the government is supporting it in the move.

Read: Uganda’s Sarrai Group Lose Mumias Sugar Deal

“What the government has disbursed so far in payment of these early arrears amounts to 40 percent. To date, we are still waiting for the government to release the remaining monies equivalent to 60 percent,” said Nyangweso

RELATEDPOSTS

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

Nyangweso added that Chemelil was only focused on areas outside the part that the government had promised to handle.

With the weekly reimbursements of Ksh.7.5 million, Nywangweso hopes that the payments will be fully settled in 6 months’ time.

Read: Sarai Group’s Future At Mumias Uncertain After Ruto’s Remarks

“We agreed to pay this Sh7.5 million every week, and we started it from the month of October and we envisage to complete it within six months,” he said.

In January 2022, the government through the ministry of agriculture inititiated a raft of measures, key among them being appointing the board of directors to oversee the management of the company.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Former Transport CS Michael Kamau Appointed NHIF Chairperson

Next Post

John Mugo Appointed New MD For Sameer Africa

Domenic Ntoogo

Domenic Ntoogo

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

Strategies to elevate more women to corporate leadership

May 30, 2025

Tap on Kenya’s 2025 tech revolution

May 30, 2025

How CURBS supports employers and employees

May 30, 2025

NSE deserves more attention from young investors

May 29, 2025

The silent strain of remote work on Kenya’s urban workforce

May 29, 2025

How Kenya’s crypto bill could reshape the digital economy

May 29, 2025
  • 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