Kenya to lease sugar mills instead of privatization

The Kenyan government has decided to work on the leasing model instead of privatizing state-owned sugar mills, as per the proposal made by local leaders and sugarcane farmers, reports Businessdailyafrica.

The State’s decision to agree on the leasing model as proposed by locals is a welcome step.

The leasing model will be worked out by the Agriculture Ministry in collaboration with the Attorney-General’s office. The State should seek the views of locals on the best leasing model so that it would get support from all the parties.

Kenya is already feeling the heat of the struggling local sugar industry and the new decision would help in delivering returns to farmers as well as increase production and lower retail prices.


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