Kenya: Mauritius Firm in Sh1.7 Billion Sugar Sector Venture

20 December 2012

Nairobi — Mauritius company Omnicane has purchased equity worth Sh1.7 billion in Kwale International Sugar Company Limited (KISCOL) which will see it own 25 percent of the start up.

"Our Mauritian partners have done a great job setting up the estate from scratch during the last two years. To ensure that the project benefits from unrivalled expertise. We are now formalising that partnership by selling 25 percent of Kiscol's shares to Omnicane Limited," KISCOL Director Kaushik Pabari said.

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