April 18, 2014 10:17 PM ET

Food Products

Company Overview of Chemelil Sugar Company Limited

Company Overview

Chemelil Sugar Company Limited operates as a sugar manufacturing company. The company was founded in 1968 and is based in Muhoroni, Kenya.

P.O. Box 177

Muhoroni,  40107

Kenya

Founded in 1968

Phone:

254 57 51527

Fax:

254 57 51503

Key Executives for Chemelil Sugar Company Limited

Managing Director
Compensation as of Fiscal Year 2013.

Chemelil Sugar Company Limited Key Developments

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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