{"id":38476,"date":"2021-11-02T17:37:45","date_gmt":"2021-11-02T17:37:45","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=38476"},"modified":"2021-11-02T15:06:54","modified_gmt":"2021-11-02T15:06:54","slug":"dangote-linked-firm-bids-to-manage-mumias-sugar","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/dangote-linked-firm-bids-to-manage-mumias-sugar","title":{"rendered":"Dangote-linked firm bids to manage Mumias Sugar"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Tumaz and Tumaz Enterprises a company associated with Mwale City Investor Julius Mwale has hired JPMA (J P Mukherji & Associates), is set to run Mumias Sugar if it wins the bid.<\/p>\n

JPMA is an Indian company running Dangote Sugar refineries in Nigeria.<\/p>\n

Tumaz and Tumaz emerged as the top bidder with Sh27.6 billion for a 20-year lease in the Mumias Sugar bidding process.<\/p>\n

The Mumias Sugar receiver-manager P V Rao said the bids will undergo technical and financial evaluation before announcing the winning bid.<\/p>\n

Other bidders who submitted their bids are Kruman Finances associated with French and Turkish investors, with a bid of Sh19.6 billion for a 25-year lease and Transmara Group (Sarai) with a bid of Sh11.5 billion over a 20-year lease period.<\/p>\n

Others are Pandhal Industries with Sh9.7 billion over a 20-year lease. Kibos Sugar bid came in at Sh8.8 billion.<\/p>\n

Devki bid at Sh8.4 billion over a 20-year lease and the West Kenya Sugar bid was Sh3.5 billion.<\/p>\n

A Mauritius based company Sucrie Des Mascarelgnes Ltd also participated but did not disclose the value of its bid.<\/p>\n

Mwale’s hiring of JPMA gives an insight into his plans of running the miller if he wins the bid.<\/p>\n

JPMA has been a consultant and manager of many sugar factories across the world including Saudi Arabia, India, Ethiopia, Uganda, Tanzania and Nigeria.<\/p>\n

LARGEST SUGAR PROJECT<\/b><\/p>\n

It also consulted for the establishment of Kwale Sugar company in 2014.<\/p>\n

Their work with Dangote is currently one of the largest sugar projects in the world.<\/p>\n

It is upgrading Dangote’s factories to crush 24,000 tonnes of cane per day from 6,000 tonnes per day.<\/p>\n

Dangote’s Sugar division reported Sh35 billion turnover for the first six months of 2021, an increase of 27 per cent from the previous year.<\/p>\n

It is the largest supplier of sugar in Africa.<\/p>\n

Dangote Sugar division is part of Dangote group whose chairman is a Nigerian Aliko Dangote, Africa’s richest person with a fortune of Sh1.2 trillion.<\/p>\n

Mumias Sugar reported revenues of Sh3.5 billion for six months in 2015, which decreased to Sh800 million for six months in 2018 before entering receivership.<\/p>\n

Mwale said JPMA has been his technical bidding partner, together with the US consulting and infrastructure firm KE International.<\/p>\n

He told a local daily that he secured Sh22 billion ($200 million) from a top American bank to strengthen his bid.<\/p>\n

The tycoon said he will offer the farmers Sh2.2 billion through Mumias Outgrowers Company (MOCO) as an incentive to start growing sugarcane.<\/p>\n

He also allocated Sh2.2 billion each for a new Hospital, housing, airport and for the upgrading of an ethanol plant to manufacture medicines and vaccines.<\/p>\n

He further allocated Sh5 billion to the factory upgrade, Sh800 million to the water bottling plant and Sh2.2 billion to the power generation plant.<\/p>\n

Edited by D Tarus<\/b><\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Tumaz and Tumaz Enterprises a company associated with Mwale City Investor Julius Mwale has hired JPMA (J P Mukherji & Associates), is set to run Mumias Sugar if it wins the bid. JPMA is an Indian company running Dangote Sugar refineries in Nigeria. Tumaz and Tumaz emerged as the top bidder with […]<\/p>\n","protected":false},"author":84,"featured_media":38475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6857,7003,544],"class_list":["post-38476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nDangote-linked firm bids to manage Mumias Sugar - kenya<\/title>\n<meta name=\"description\" content=\"Tumaz and Tumaz Enterprises a company associated with Mwale City Investor Julius Mwale has hired JPMA (J P Mukherji & As ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/dangote-linked-firm-bids-to-manage-mumias-sugar\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dangote-linked firm bids to manage Mumias Sugar\" \/>\n<meta property=\"og:description\" content=\"Tumaz and Tumaz Enterprises a company associated with Mwale City Investor Julius Mwale has hired JPMA (J P Mukherji & As ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/dangote-linked-firm-bids-to-manage-mumias-sugar\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-02T17:37:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/11\/img-618153f8b56da.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/dangote-linked-firm-bids-to-manage-mumias-sugar#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/dangote-linked-firm-bids-to-manage-mumias-sugar\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dangote-linked firm bids to manage Mumias Sugar\",\"datePublished\":\"2021-11-02T17:37:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/dangote-linked-firm-bids-to-manage-mumias-sugar\"},\"wordCount\":483,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/dangote-linked-firm-bids-to-manage-mumias-sugar#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/11\/img-618153f8b56da.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/dangote-linked-firm-bids-to-manage-mumias-sugar#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/dangote-linked-firm-bids-to-manage-mumias-sugar\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/dangote-linked-firm-bids-to-manage-mumias-sugar\",\"name\":\"Dangote-linked firm bids to manage Mumias Sugar - 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