Steel tycoon Narendra Raval is seeking to revive Mumias Sugar through a leasing deal that seeks to save the once top miller.
Mr Raval founded Kenyan steel and cement manufacturer Devki Group,
Under the leasing deal, the successful firm will run the plant on behalf of KCB after it defaulted on loans amounting to Sh545 million owed to the lender, which successfully pushed the process through the courts.
Mr Raval founded Kenyan steel and cement manufacturer Devki Group,
Under the leasing deal, the successful firm will run the plant on behalf of KCB after it defaulted on loans amounting to Sh545 million owed to the lender, which successfully pushed the process through the courts.