Investors Flock To Kenya's Sugar Industry
The sugar industry in Kenya is set to receive fresh multi-million shilling investments as investors aim to take advantage of a growing deficit in sugar production. Many state-owned sugar millers are struggling with aging equipment, debt, and a scarcity of raw materials, leading to increased reliance on imports. Private companies are unable to keep up with the rising national demand, leaving an annual deficit of around 200,000 tonnes of sugar. Drawn by the opportunity to fill the gap, numerous private investors are bringing in capital to establish sugar milling plants.
