Mauritius firm sweet KES 1.7b investment
21 December 2012, 09:49
Mombasa - Mauritius company Omnicane has purchased equity worth KES 1.7 billion in Kwale International Sugar Company Limited (KISCOL) which will see it own 25 percent of the start up, Capital News reports.
KISCOL was formed in 2010 through a management partnership between Kenyan company Pabari Investments Limited and Omnicane with the shareholder agreement signed in November.
Pabari expressed confidence that the investment will increase the living standard of Kwale residents through the creation of employment and improved infrastructure.
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