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Mumias Sugar huge demand
Ericsson
#2801 Posted : Friday, December 27, 2019 9:09:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,070
Location: NAIROBI
Njunge wrote:
Selling machinery is out of the question since most of the valuable machines and equipment are custom made or immovable. The other thing is, other debtors have put a caveat on what they financed. Proparco financed the Cogen plant while Ecobank financed the distillery and this makes the receivership messy. I have seen the receiver manager make claims he will run the factory soon. To be honest,that man is a joker of some sort. It won't happen due to the current state of the factory and lack of expertise unless KCB is willing to spend more than they are claiming. KCB isn't claiming much in comparison to other banks. Sooner, they will realise they are throwing good money after bad. If I were the honcho at KCB, I would start considering this as a bad debt.


KCB=dark hand of GoK
Ericsson
#2802 Posted : Friday, December 27, 2019 9:00:07 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,070
Location: NAIROBI
FUNKY
#2803 Posted : Wednesday, January 08, 2020 10:37:47 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,592
FUNKY
#2804 Posted : Thursday, January 16, 2020 10:34:41 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,592
HaMaina
#2805 Posted : Thursday, January 16, 2020 4:16:33 PM
Rank: Member


Joined: 4/23/2014
Posts: 689
FUNKY wrote:
https://www.nation.co.ke/business/Mumias-to-kick-start-operations-on-Friday/996-5419866-djeeeo/index.html


The COMESA safeguards run until February 2021. Kenya has to do something to counter the increased competition. 1 year to go.Pray Pray
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Njunge
#2806 Posted : Thursday, January 16, 2020 7:26:40 PM
Rank: Elder


Joined: 2/7/2007
Posts: 920
FUNKY wrote:
https://www.nation.co.ke/business/Mumias-to-kick-start-operations-on-Friday/996-5419866-djeeeo/index.html



Load of bullshit. It will take a couple of weeks just to get the distillery and ethanol boiler DCS system up. That will involve bringing in Honeywell electrical/instruments engineers from the other side of the world and that, too, will depend on goodwill for they are already owed couple of millions. I also doubt there is staff left to carry out meaningful operations but of course there is luck in our lives.
HaMaina
#2807 Posted : Friday, January 17, 2020 9:22:33 AM
Rank: Member


Joined: 4/23/2014
Posts: 689
Njunge wrote:
FUNKY wrote:
https://www.nation.co.ke/business/Mumias-to-kick-start-operations-on-Friday/996-5419866-djeeeo/index.html



Load of bullshit. It will take a couple of weeks just to get the distillery and ethanol boiler DCS system up. That will involve bringing in Honeywell electrical/instruments engineers from the other side of the world and that, too, will depend on goodwill for they are already owed couple of millions. I also doubt there is staff left to carry out meaningful operations but of course there is luck in our lives.


Mumias Sugar to resume ethanol production

https://www.kenyamoja.co...ction-citizen-tv-122880
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#2808 Posted : Saturday, January 18, 2020 7:30:03 PM
Rank: Member


Joined: 4/23/2014
Posts: 689
I'm seeing videos of maandamano guys with wetangula t-shirts disrupting the rally.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#2809 Posted : Thursday, January 23, 2020 10:43:01 AM
Rank: Member


Joined: 4/23/2014
Posts: 689
Farmers reject cane zones plan

Sugar task force now wants millers merged


“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#2810 Posted : Friday, February 07, 2020 7:46:08 PM
Rank: Member


Joined: 4/23/2014
Posts: 689
https://www.nation.co.ke..._twitter_impression=true
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#2811 Posted : Saturday, February 08, 2020 1:36:50 PM
Rank: Member


Joined: 4/23/2014
Posts: 689
Supreme Court suspends order against EACC probe into Ojienda
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#2812 Posted : Monday, February 24, 2020 12:05:04 PM
Rank: Member


Joined: 4/23/2014
Posts: 689
President Uhuru Kenyatta has received the Sugar Taskforce Report

https://twitter.com/feli...p%5Eserp%7Ctwgr%5Etweet
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#2813 Posted : Monday, February 24, 2020 12:10:04 PM
Rank: Member


Joined: 4/23/2014
Posts: 689


President Uhuru Kenyatta receives the Sugar Taskforce Report from Governor Wycliffe Oparanya
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
HaMaina
#2814 Posted : Friday, February 28, 2020 4:34:38 PM
Rank: Member


Joined: 4/23/2014
Posts: 689
Lets hope for some good news, 12 months to COMESA deadline 28th Feb 2021.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
VituVingiSana
#2815 Posted : Friday, February 28, 2020 8:09:36 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,769
Location: Nairobi
HaMaina wrote:
Lets hope for some good news, 12 months to COMESA deadline 28th Feb 2021.
Mumias is likely(90%) to go the way of ARM.
Only political needs is saving it from being unplugged from the ventilator.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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