Wednesday, February 12, 2025
HomeGeneral StoriesThe government has written off Ksh110 billion debts accumulated by sugar factories...

The government has written off Ksh110 billion debts accumulated by sugar factories over the past 40 years and Ksh6.9 billion debts owed by coffee cooperatives.

Speaking while presiding over the 61st Madaraka Day Celebrations in Bungoma, President William Ruto outlined a comprehensive plan to revitalise the sugarcane and coffee sectors.
The President revealed that the government has introduced a new leasing model designed to ensure prompt payments for cane deliveries, timely wages for factory workers, and annual bonuses for sugarcane farmers.
“The sugar industry is a highly strategic sub-sector that has been the mainstay of local economies in our sugar belt. We are committed to ensuring it returns maximum value to all actors, beginning with the cane grower,” Ruto said.
He called on relevant agencies to accelerate the review process and incorporate proceeds from by-products.
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