Mumias Sugar Plans to Reorganize Debt in Bid to Return to Profit

Mumias Sugar Co., Kenya’s biggest miller of the sweetener, is in talks with seven banks to restructure about 5 billion shillings ($57 million) of debt, Acting Chief Executive Officer Coutts Otolo said. The company wants repayments rescheduled to free up cash flow as it seeks to return to profit, Otolo said in an interview at […]

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