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Mumias Sugar CEO Nashon Aseka has been suspended
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Aseka was suspended after a board meeting on Tuesday to pave way for investigation on the suspect transaction. In his place, the board has appointed the current head of agriculture Patrick Chebosi to act until further notice. The board further accused Aseka of entering into deals without requisite approvals. Aseka was appointed last year in August from the Agriculture and Food Authority’s Sugar Directorate.
The board has also indicated that it is in discussion with key stakeholders of the firm to inject fresh capital to restore Mumias operations.
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The board has also indicated that it is in discussion with key stakeholders of the firm to inject fresh capital to restore Mumias operations.
Citizen TV is Kenya's leading television station commanding an audience reach of over 60% and in its over 12 years of existence as a pioneer brand for the Royal Media Services (RMS), it has set footprints across the country leaving no region uncovered.
This is your ideal channel for the latest and breaking news, top stories, politics, business, sports, lifestyle and entertainment from Kenya and around the world.
Follow us:
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