Business Tycoon Jaswant Rai to take over Nzoia Sugar factory
- Published By TSM Editor For The Statesman Digital
- 1 year ago
It’s now official — Nzoia Sugar Factory will be leased to a private investor. The factory’s board chairman, Alfred Khang’ati, has confirmed that businessman Jaswant Rai won the 30-year lease and is expected to take over next week.
Khang’ati says farmers are set to receive more than Ksh.200 million in pending payments before the end of this financial year, and workers will remain under the new management for the next year to allow a smooth transition.
However, the process faces a legal challenge, with a court case already filed.
"In the coming week or the week after, they will no longer belong to the government. Some private enterprises will have taken over. The aspect of privatisation or leasing is for 30 years. A lease agreement has already been signed between the government and the lessee," Bonface Otsiula, Board Member at Nzoia Sugar Factory, stated.
Read Also: Shock as Kenyan Filmmakers Arrested Following Release of BBC’s ‘Blood Parliament’ Documentary
"We are looking at the wider public interest, which involves the welfare of the farmers and staff who have not earned salary from 2022 to date and they have persevered," Khang’ati added.
Share on
SHARE YOUR COMMENT
MORE STORIES FOR YOU
TSM Trending Stories
DJ Mo’s former illicit lo...
- Published By Jane
- January 15, 2024
Mapenzi! Zari and Tanasha...
- Published By Jane
- October 24, 2023
Zuchu Speaks on Diamond P...
- Published By Jane
- October 12, 2023
Hio Ni Upumbavu Wasituche...
- Published By Jane
- November 8, 2023
TSM'S RECOMMENDATIONS FOR YOU
Alcohol And Weight Gain:...
- Published By TSM
- June 5, 2026
End Of Scientific Researc...
- Published By TSM
- June 7, 2026
Why Dance Classes Might B...
- Published By TSM
- June 8, 2026
PHP vs Python: Understand...
- Published By TSM
- June 5, 2026
TSM Latest Stories
Edwin Sifuna Ousted As OD...
- Published By TSM
- June 23, 2026
Lionel Messi: Argentina S...
- Published By TSM
- June 23, 2026
Experts: Why You Should S...
- Published By TSM
- June 23, 2026
How One Daughter's Love F...
- Published By TSM
- June 21, 2026

