Connect with us

Business News

Manager rejected at Nzoia confirmed as Mumias Sugar CEO



Workers arrange packets of sugar on a conveyor belt at the Mumias sugar factory. REUTERS/Noor Khamis

Mumias Sugar Company board of directors on Friday confirmed the appointment of Mr Nashon  Aseka as the chief executive officer. It’s a major comeback for Aseka, who once worked as a factory manager before moving to the Agriculture and Food Authority’s Sugar Directorate.

“This is to announce to the general public that the Board of Directors has appointed Mr Nashon Aseka as the Chief Executive Officer of Mumias Sugar Company Limited effective 15th June 2017.  Nashon has a vast experience in the sugar industry spanning over 35 years,” read a statement signed by board chairman Kennedy Mulwa.

Mr Mulwa said the appointment was done after a competitive recruitment process, adding that Mr Aseka was already in the office and was well received by both the staff and the farmers.

In April, Mr Aseka was rejected by Nzoia Sugar cane farmers after he was appointed to head the miller. Mr Mulwa said the same scenario was not anticipated in his new role at Mumias Sugar. “Farmers in Nzoia are different from farmers in Mumias. I am confident he will deliver as he has worked here before,” Mr Mulwa said.

See Also: Posta Kenya set to fire over 1200 employees

Mr Aseka has also worked in Masinde Muliro University of Science and Technology and at the defunct Sugar Board. Mr Errol Johnston, who was previously at the helm of the miller, went for a terminal leave before the end of his two year renewable term in August.

The management transition comes shortly after a recent board overhaul which saw the entry of Mr Mulwa, replacing Dan Ameyo. Mr Ameyo opted not put himself up for re-election during the Mumias annual general meeting held in December 2016.

The loss-making miller has gulped Ksh2 billion from the government in bailouts without any major success according to its financial results. The listed firm reported a half-year net loss of Sh2.92 billion in the period to December 2016, an 87.07 per cent dip compared to Sh1.56 billion the previous year.

The firm has also given a profit warning with earnings expected to drop by more than 25 per cent for the year ending June 2017 from its Sh4.73 billion loss reported last year.

NEXT: Three strategic decision that will rescue a failing business


Nokia 8 - Share Both sides of the story.

Business Daily is Kenya's only daily business newspaper published by the Nation Media Group. The newspaper, launched in March 2007, is published from Monday to Friday, with the Friday edition circulating over the weekend. It is based at the Nation Centre in Nairobi.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News Updates

Health19 hours ago

Former TV presenter Louis Otieno goes deaf

The only way his hearing can be fixed is by having a procedure undertaken in India called Cochlear implant

Health20 hours ago

Five surprising causes of hearing loss

The number-one cause of deafness is probably quite an obvious one: age. Most people’s hearing begins to decline from 30...

NEWS3 days ago

Blind couple celebrates their love in style

As the world marked Valentine’s Day on Wednesday, visually challenged Joseph Mwaniki decided to surprise his blind wife of 27...

NEWS3 days ago

Aboud Rogo’s widow jailed for 10 years

Haniya Said was found guilty of conspiracy for supporting an attack in which three women fire-bombed the port city's main police...

Health3 days ago

Kenya says open to more insurance investors

Kenya has a population of 45 million people, according to Kenya National Bureau of Statistics and the government says it...

NEWS3 days ago

Quit if you can’t deliver, Uhuru tells new Cabinet

President said he expected his new Cabinet to help in the achievement of the Big Four Agenda that will transform...

NEWS3 days ago

Jubilee MP Alfred Keter arrested for Sh633m fraud

Recently, he was among the four Jubilee legislators kicked out of house committees for defying a State House order on...

NEWS3 days ago

I stopped Kalonzo from taking oath, churchman says

Arch Timothy Ndambuki says together with 19 clerics from the county they met Kalonzo prevailed upon him to keep off...

NEWS4 days ago

High Court revokes Miguna’s deportation

Justice Luka Kimaru directed the government to deposit Dr Miguna’s revoked passport at the court within seven days

Health4 days ago

Where patients give witchdoctors first priority

Professional diagnosis by doctors in hospitals is sought as a last resort after the traditional healers have failed