MUMIAS LEASE: HOW CARTELS REJECTED 25B FRENCH FIRM OFFER.

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Kakamega Senator Honourable Cleophas Malala displaying letters from one of the bidders in the Mumias leasing saga. 

Story By Sammy Osundwa

It has emerged  that cartels both in the National and County Government rejected a lucrative offer of Ksh 15 billion in the Mumias revival saga.

KRUMAN-FINANCES in a letter obtained shows it was interested in the leasing of the troubled Mumias Sugar Company from March when they wrote to Treasury.

The letter dated 12th March 2021 is inviting Treasury to "come on board and facilitate the on-going transaction in the interest of the government and republic of Kenya and its beneficiary citizen".

The French firm had interest to inject approximately USD 100 Million within 12 months to revamp the company and addition pump in USD 150Million to support farming operations, capacity building and alternative crop strategic development plan.

The firm complains in the letter that it had plans to safeguard this investment for critical decisions towards finalization of negotiations and lease understanding with the executors buy the process was "delayed despite the heavy cost on opportunity costs associated with extended time lines to get to the ground"

It has emerged that the French firm was one of the bidders for Mumias Sugar but their bid, despite being lucrative and higher was plainly rejected.

Sources intimated that the secret bid to lease the company was kept under wraps between KCB's receiver Manager fir Mumias Mr. PV Rao a clique of political leaders and County leadership led by Governor Whycliffe Oparanya.

It is not clear why KRUMAN-FINANCES was rejected in FAVOUR of Devki a firm associated with Governor Whycliffe Oparanya with claims that DEVKI built Mabole Secondary school in Butere for the governor free and installed a fishpond in Lugari for the county boss at no cost. 

DEVKI was in the media last week claiming he had withdrawn from the process after Senators led by Kakamega's Cleophas Malala siughn answers on the deal thru the senate Committee. 

The plot was to let Devki take over the company in the dirty deal and ferry steel from it in pretext of revival as they plotted how to use the company as a repackaging ground for imported sugar. 

Last week PV Rao the KCB receiver told the senate committee that indeed the process to settle for an investor was kept secret but that it was still going on, the committee had directed that RAO be compelled to make public any process to invest in the company in the next 14 days. 

Eshikumo2030 has however learnt that Kakamega Governor and other forces were prodding the receiver to ignore the Senate and engage with Devki. 

In several meeting, governor Oparanya has told MCS to help in scuttling the transparent process to pave way for DEVKI who has openly denied ever being asked for money by politicians. 

Farmers drawn from 12 sub counties today stamped their support for Senator Malala saying the insistence by Governor Oparanya and proxies to hand the company to Devki was suspect. 

Speaking at a press conference, the farmers wondered why the lowest bidder of Ksh 5B claims to have been given the render yet other bidders had not complained despite their lucrative offers. 
ENDS. 

Comments

  1. Musa Ekaya M.E22 July 2021 at 17:33

    Good research

    ReplyDelete
  2. Unknown25 March 2022 at 14:24

    Fabulous....

    ReplyDelete
  3. Wiki30 March 2022 at 21:44

    Very unfortunate. This should be done in a transparent and honest manner.
    Oparanya should come out clean on this matter.
    Can we be told who best investor is?

    ReplyDelete

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