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The fate of privatization of five sugar companies to be known in two weeks

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Agriculture Cabinet Secretary Mwangi Kiunjuri says the fate of privatization of five sugar companies will be known in two weeks after the government and stakeholders holding the final meeting on the way forward. Under the proposed plan, a strategic investor will acquire 51 percent stake in each of the sugar miller, local farmers have been earmarked 24 percent and the remaining 25 percent would be retained by the national government.

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