Government Backs Revival of Kwale International Sugar Company
The Kenyan government has launched a plan to revive Kwale International Sugar Company (KISCOL), aiming to boost sugarcane farming along the Coast. This initiative seeks to restore the fortunes of the multi-billion shilling firm and support local farmers by increasing production and economic activity. The revival is expected to enhance the Coast’s sugar industry and contribute to national agricultural development.
Key points
- Government initiates revival plan for Kwale International Sugar Company (KISCOL).
- Focus on boosting sugarcane farming along Kenya’s Coast.
- KISCOL valued in the multi-billion shilling range.
- Plan aims to support local farmers and improve sugar production.
Why it matters
The revival of KISCOL is crucial for the Coast region where sugarcane farming is a key livelihood. Strengthening the sugar sector can improve farmer incomes, create jobs, and reduce reliance on imported sugar. It aligns with national goals of agricultural growth and economic empowerment in coastal counties.
Source credit
Summary based on reporting from Standard Business. Read the full article at the source.
Read full article at Standard BusinessTags
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