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146 Pages«<1516171819>»
Mumias Sugar huge demand
the deal
#321 Posted : Thursday, January 16, 2014 12:28:41 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,527
Location: Windhoek/Nairobbery
At some point GoK will have to throw this company and all those farmers in Western Kenya under the bus...growing sugar in Western Kenya is not viable...Kenya can not risk losing the COMESA market because of one inefficient sector...between there is KISCOL now...I cant wait for their sugar to hit the market..MSC is bound to loose market share for sure...!
Cde Monomotapa
#322 Posted : Thursday, January 16, 2014 12:40:33 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
the deal wrote:
At some point GoK will have to throw this company and all those farmers in Western Kenya under the bus...growing sugar in Western Kenya is not viable...Kenya can not risk losing the COMESA market because of one inefficient sector...between there is KISCOL now...I cant wait for their sugar to hit the market..MSC is bound to loose market share for sure...!


Thus, in the event of a possible extension of the safe-gaurds, and other loopholes being sealed, then KISCOL will fill in more of the already existing national sugar deficit (that COMESA imports remedy). Better local environment for all. Sounds good to me.
the deal
#323 Posted : Thursday, January 16, 2014 1:01:22 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,527
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
the deal wrote:
At some point GoK will have to throw this company and all those farmers in Western Kenya under the bus...growing sugar in Western Kenya is not viable...Kenya can not risk losing the COMESA market because of one inefficient sector...between there is KISCOL now...I cant wait for their sugar to hit the market..MSC is bound to loose market share for sure...!


Thus, in the event of a possible extension of the safe-gaurds, and other loopholes being sealed, then KISCOL will fill in more of the already existing national sugar deficit (that COMESA imports remedy). Better local environment for all. Sounds good to me.


1. Current deficit of 200K is currently being filled by COMESA imports.

2. When the COMESA safeguards/protections expire...COMESA countries can export sugar to Kenya ad lib...beyond the current 200K limit which means they can even bring in 700K tons if they want too. Good news for the consumer...Sugar is very expense in Kenya at the moment...COMESA countries can still make a kill even if they sale at half the price of the current retail prices in Kenya.

3. If you are an investor in this thing you better pray those safeguards are extended because if they're not...you are in trouble! More like tunaomba serikali itu saaidye...Laughing out loudly Laughing out loudly ...I hope my kiswahili is correct...I can bet there is 50% chance of those safe guards not being extended.

By the way what loopholes are you talking about?

KISCOL will survived...their farm is 90% irrigation...production costs are most likely more than half of Mumias.



Cde Monomotapa
#324 Posted : Thursday, January 16, 2014 1:10:50 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Aguytrying wrote:
murchr wrote:
Meanwhile some 'illegal' sugar was nabbed at the port this week


www.coastweek.com/3638-l...nsignment-from-egypt.htm


Such loopholes @deal and yes, tunaomba serikali so that we can buy the rumor & sell the fact smile Let's see...

We'll get concerned about KISCOL later - Who'll have capex to recover anyway.
the deal
#325 Posted : Thursday, January 16, 2014 1:33:56 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,527
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
Aguytrying wrote:
murchr wrote:
Meanwhile some 'illegal' sugar was nabbed at the port this week


www.coastweek.com/3638-l...nsignment-from-egypt.htm


Such loopholes @deal and yes, tunaomba serikali so that we can buy the rumor & sell the fact smile Let's see...

We'll get concerned about KISCOL later - Who'll have capex to recover anyway.


Such Sugar is currently illegal because of the current safe guards..Egypt is part of COMESA.

Trade Disputes already developing.

Zambia justifies move to slap duty on Kenyan goods

According to him, the Kenyan authorities refused to allow Zambian sugar entry into that market because they believe Zambia does not manufacture sugar but was getting it from South Africa.

http://www.businessdaily...2/-/bmfroy/-/index.html

Offcourse MSC can change its biz model and probably survive by starting to import cheap sugar if they can get a supplier that means sacrificing the farmers in Western Kenya...will the politicians allow it?
Cde Monomotapa
#326 Posted : Thursday, January 16, 2014 2:08:40 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
^Good show of GoK's might. Gives confidence. Rules of Origin is a fundamental principle. That has to be taken seriously.

End of submissions. PS: Randomly, the elections are over. ;-)
poundfoolish
#327 Posted : Thursday, January 16, 2014 2:57:00 PM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
the deal wrote:
Cde Monomotapa wrote:
Aguytrying wrote:
murchr wrote:
Meanwhile some 'illegal' sugar was nabbed at the port this week


www.coastweek.com/3638-l...nsignment-from-egypt.htm


Such loopholes @deal and yes, tunaomba serikali so that we can buy the rumor & sell the fact smile Let's see...

We'll get concerned about KISCOL later - Who'll have capex to recover anyway.


Such Sugar is currently illegal because of the current safe guards..Egypt is part of COMESA.

Trade Disputes already developing.

Zambia justifies move to slap duty on Kenyan goods

According to him, the Kenyan authorities refused to allow Zambian sugar entry into that market because they believe Zambia does not manufacture sugar but was getting it from South Africa.

http://www.businessdaily...2/-/bmfroy/-/index.html

Offcourse MSC can change its biz model and probably survive by starting to import cheap sugar if they can get a supplier that means sacrificing the farmers in Western Kenya...will the politicians allow it?


Then the best thing would be for Kenya to evaluate on a country by country basis whoever is trying to bring in sugar.. what is the effect of Zambia's retaliation vis a vis stopping their sugar imports?
The Tanzanians we can ignore since they are not friendly to us anymore. hopefully Sudan and Egypt have too much trouble at home to mind this for now.

Yes it is Serikali Saidia time
poundfoolish
#328 Posted : Thursday, January 16, 2014 3:00:56 PM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Cde Monomotapa wrote:
^Good show of GoK's might. Gives confidence. Rules of Origin is a fundamental principle. That has to be taken seriously.

End of submissions. PS: Randomly, the elections are over. ;-)


but there are votes to be placated/won over, otherwise...

Cde Monomotapa
#329 Posted : Thursday, January 16, 2014 3:07:27 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
poundfoolish wrote:
Cde Monomotapa wrote:
^Good show of GoK's might. Gives confidence. Rules of Origin is a fundamental principle. That has to be taken seriously.

End of submissions. PS: Randomly, the elections are over. ;-)


but there are votes to be placated/won over, otherwise...



C'mon boss...campaign funding. Eish..si huku ni Kenya? (before the political funding reforms) smile
poundfoolish
#330 Posted : Thursday, January 16, 2014 3:21:30 PM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
Cde Monomotapa wrote:
poundfoolish wrote:
Cde Monomotapa wrote:
^Good show of GoK's might. Gives confidence. Rules of Origin is a fundamental principle. That has to be taken seriously.

End of submissions. PS: Randomly, the elections are over. ;-)


but there are votes to be placated/won over, otherwise...



C'mon boss...campaign funding. Eish..si huku ni Kenya? (before the political funding reforms) smile


Aah i had missed the point by a thousand miles. Got you now.
Aguytrying
#331 Posted : Friday, January 17, 2014 11:14:37 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,037
Ericsson wrote:
Mumias should consider partnering with gava and build a sugar factory in the Galana-Kulalu irrigation scheme.
The government has said it intends to do value addition at the farm and this project may be a huge boost.


Applause You have got it. From there mumias will retur to its former glory. 300,000 acres already set aside for sugarcane, can mumias benefit from this.
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#332 Posted : Friday, January 17, 2014 11:19:04 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,037
Fine. Serekali saidia mimi to make a billion. Laughing out loudly Laughing out loudly
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#333 Posted : Friday, January 17, 2014 11:24:21 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,037
Aguytrying wrote:
Fine. Serekali saidia mimi to make a billion. Laughing out loudly Laughing out loudly


Infact serikali already nasaidia sisi

Mr Koskei said the tractor project was one of the major plans to turnaround the sugar sector to allow maximum economic productivity.

"He said Kenya will work closely with Brazil to borrow tips for high sugar productivity. “Brazil is among the world leaders in the production of sugarcane, sugar, and ethanol. In addition, it is among the most efficient of all major sugar producers,” he said.

Brazil also exports sugar products."

plus 500m loan to mumias.

the signs are all there that GOk will not let our sugar industry die. The farmers going without work/productivity, employment rate is more of a concern to them than COMESA safeguards.
The investor's chief problem - and even his worst enemy - is likely to be himself
Cde Monomotapa
#334 Posted : Saturday, January 18, 2014 8:24:11 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
As we await our fate... EAC extends Rwanda waiver on imported sugar http://www.theeastafrica...72/-/6pn4v4/-/index.html
Cde Monomotapa
#335 Posted : Saturday, January 18, 2014 8:41:57 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
[quote=Cde Monomotapa]As we await our fate... EAC extends Rwanda waiver on imported sugar http://www.theeastafrica...2/-/6pn4v4/-/index.html[/quote]
Morals of the story are that extensions can be made with the bigger picture in mind (as @Aguy has described above), 2. That COMESA also has concerns about the bigger boys i.e Brazil who Kenya is now undertaking to learn from & 3. Rules of Origin are indeed a fundamental principle as shown in the article.
mawinder
#336 Posted : Sunday, January 19, 2014 12:40:02 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,023
I had given the Director of Marketing and Corporate affairs a one week notice to resign which ended on Thursday.I add her one more week or else I will ensure she is sacked by 3rd February.She should have learnt from the former Director of Finance who thought I was an ordinary Kenyan but later left Mumias knowing I am a small powerful man.Ataenda ama ataenda!!!!!!!
poundfoolish
#337 Posted : Sunday, January 19, 2014 12:48:33 PM
Rank: Elder


Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
They are on a path of streamlning.. the Agric field dept. allready started in Dec.

and the Cabinet sec is going to negotiate extension at COMESA..


Sackings are also in the offing...
murchr
#338 Posted : Sunday, January 19, 2014 5:52:57 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,973
Brazil is far, they should start by going to Sudan
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
mwekez@ji
#339 Posted : Monday, January 20, 2014 4:33:10 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Sugar Board may weed out distributors to lower costs http://www.businessdailyafrica....2/-/in1aufz/-/index.html
Aguytrying
#340 Posted : Monday, January 20, 2014 9:11:57 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,037
mawinder wrote:
I had given the Director of Marketing and Corporate affairs a one week notice to resign which ended on Thursday.I add her one more week or else I will ensure she is sacked by 3rd February.She should have learnt from the former Director of Finance who thought I was an ordinary Kenyan but later left Mumias knowing I am a small powerful man.Ataenda ama ataenda!!!!!!!


Do you think its time to buy the mumias share

@all. read the tea leaves
The investor's chief problem - and even his worst enemy - is likely to be himself
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