Why are we not informed of these receivership sales in Nyanza?

Why are Luos in Diaspora not made aware of these receivership sales in our own Luo Nyanza? Why are the advertisements never sent to jaluo.com where they are most likely to catch the eyes of Luos in Diaspora, who can qualify to make a successful bid on the subjects?

Odundo jaKarateng'

President, Luo Communities Everywhere (Luocome)

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 Business News  
11 firms through round one in bids for Miwani

By John Oywa

Eleven local and international investors have won the first round in their bid to take over the management of the stalled Miwani Sugar Company.

The company's joint receiver managers, Messrs Martin Owiti and Kipngetich Bett said the eleven will now battle it out in the final vetting to be conducted by the Government.

The receivers said yesterday tenders for the sale of the neighbouring Muhoroni Sugar Company, which is also in receivership, would be opened tomorrow.

Owiti declined to name the 11 companies, saying it would breach tender agreements.

"We have short-listed eminent companies, whose names we will forward to the Government," said Owiti.

The two companies were put in receivership in 2000 after they failed to service debts amounting to billions of shillings.

While Muhoroni was revived and has been crushing cane, Miwani has remained abandoned. The two factories are in Nyando District.

Miwani has the largest nucleus estate in Kenya of 3,200 hectares. It is surrounded by sugarcane out-grower farmers' zone of 9,600 hectares.

Miwani had a daily cane crushing capacity of 2,400 tons.

The factory also has a 4,000 litres per day distillery and an industrial sugar refinery of 100 tons per day capacity.

But, even as the receivers finalised plans to transfer the two factories to new investors, farmers yesterday protested what they termed exclusion of interested groups in the planned sale.

Cane farmers, who met in Muhoroni Township on Tuesday, said they would demand shares in the two factories.

A Muhoroni politician, Mr Tom Oketch said it would be suicidal for the Government to pick new investors without including the farmers.

"We feel cheated. The farmers ought to have been included in the tender committee so that they have a say in choosing the new investors," said Oketch.

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