Reforms at Nzoia Sugar Company translate to profits for farmers
Nzoia Sugar Company has paid Sh732 million to farmers since July 2015, Managing Director Godfery Wanyonyi has said.
My Wanyonyi said the company has had good performance over the past one year following the maintenance and installation of the rotary system which has increased the cane crushing target from 700,000 tonnes to 900,000 tonnes.
The MD noted that farmers no longer have to endure long queues at the bank after the company adopted a new payment system that credits the payments directly to their individual bank accounts.
He said that Nzoia Sugar Company is among the five sugar mills that are in the process of being privatised by the government, adding that the process had begun and that farmers will get 24 percent of the shares.
Mr Wanyonyi urged farmers to form cooperative societies so as to be in a position to buy the shares when they go on sale.
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