Private company imported sugar on behalf of Sony Sugar Company

Capital Business

Business / Capital Business 334 Views comments

Sony Sugar received Sh82 million in profit from the joint venture with the private company which financed the importation of sugar/ moniangoh2030 NAIROBI, Kenya, Jul, 18- Sony Sugar Company says it did not import sugar during the duty-free import window granted by the government last year. Acting Chief Executive Officer Bernard Otieno says the company had no capacity to finance any importation but signed a partnership with another company to bring in 50,000 Metric tons in a profit-sharing arrangement. “The godowns where the sugar was stored wer...