December 27, 2014 2:47 PM ET

Food Products

Company Overview of South Nyanza Sugar Co. Ltd.

Company Overview

South Nyanza Sugar Co., Ltd. manufactures sugar from cane. Its customers include distributors, wholesalers, supermarkets, and grocers. The company was founded in 1976 and is based in Sare - Awendo, Kenya.

Kisii-Migori Road

Sare - Awendo,  

Kenya

Founded in 1976

Phone:

254 059 43004

Fax:

254 059 43245

Key Executives for South Nyanza Sugar Co. Ltd.

Ag Company Secretary
Finance Manager
Ag Human Resource Manager
Compensation as of Fiscal Year 2014.

South Nyanza Sugar Co. Ltd. Key Developments

Kenya Mulls Sale OF Five Sugar Companies

Government of Kenya is planning to sell stake in five state owned sugar companies. In a report tabled in the National Assembly on December 3, 2014, the committee argues that it is only through privatization that the sugar sector can be revitalized. The five companies are Miwani Sugar Company, Nzoia Sugar Company Limited, Chemelil Sugar Company Limited, South Nyanza Sugar Co. Ltd. (Sony), and Muhoroni Sugar Company. The committee wants the process fast tracked ahead of the Comesa safeguards on sugar imports which lapses in February 2015. The committee recommends, “The privatization program should be expedited to save the sugar factories from the eminent collapse.” October 14, 2014, the Cabinet approved the privatization proposals of the five companies to facilitate rehabilitation and expansion with a view to enhancing competitiveness in the industry prior to lapse of the Comesa safeguards.

Government Mulls Privatization Of Sugar Companies

Kenya government is planning to privatize Nzoia Sugar Company Limited, Chemelil Sugar Company Limited, South Nyanza Sugar Co. Ltd. and Miwani Sugar Company. Bids will be invited by the end of April for the sale of five state-owned sugar companies. This is in a bid to conform to one of the conditions set by Comesa on extension of import safeguards. Agriculture ministry officials told the departmental committee on Agriculture on April 2, 2014, that plans are at advanced stage to hand over the mills to the private sector through Public Private Partnerships, auctions and private treaty.

Government Mulls Privatization

Government is seeking to sell stake in sugar companies and state agencies. Sugar Companies include Miwani Sugar Company, Muhoroni Sugar Company, South Nyanza Sugar Co. Ltd., Chemelil Sugar Company Limited, and Nzoia Sugar Company Limited. Other state agencies to be privatized include Kenya Pipeline Company Ltd., New Kenya Co-operative Creameries Ltd., Consolidated Bank of Kenya Limited and Kenya Meat Commission. Kenya Wines Agencies Limited and Development Bank of Kenya Ltd. are also included. The Privatization Commission, currently headquartered at the National Treasury and advises the government on all divestiture plans, will be disbanded under a new proposal presented to President Uhuru Kenyatta. The taskforce on state corporations has recommended that the functions of the Privatization Commission be integrated into a new entity that will be known as the Government Investment Corporation (GI)(GIC). All the current privatization programmes will be referred to the new body to determine how best to proceed with the programme. The report says, "It is proposed that all commercial strategic corporations will henceforth be managed by GI." The report added, "As far as is possible, there should be active efforts to grow the value of existing assets before disposal and that the proposed GIC be empowered to make government investment decisions on portfolio basis and to hold the government shares in government linked companies with a view to creating value."

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