Kenya: How to Save the Farmer From Sharks

27 September 2006
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Nairobi — Five years ago, during the Initial Public Offering (IPO) of Mumias Sugar Company, the Government decided that 30 per cent of the shares would be reserved for farmers.

When the offer opened, the farmers responded in a big way, believing that this was an opportunity to diversify their sources of income. If my memory serves me right, the shares were sold at a discounted price of Sh6 a unit.

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