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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: 7,851
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: 7,851
Location: NAIROBI
FUNKY
#2803 Posted : Wednesday, January 08, 2020 10:37:47 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,577
FUNKY
#2804 Posted : Thursday, January 16, 2020 10:34:41 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,577
HaMaina
#2805 Posted : Thursday, January 16, 2020 4:16:33 PM
Rank: Member


Joined: 4/23/2014
Posts: 676
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: 911
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: 676
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: 676
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
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