CABINET SHELVES PLANNED SALE OF NEW KCC LIMITED

The Cabinet has suspended plans to privatize New Kenya Co-operative Creameries Ltd. (New KCC), citing fears of leaving the key dairy sector in private hands. Trade & Industry Cabinet Secretary, Hon. Peter Munya says the milk processor is a critical State investment that cannot be sold as it plays an important role in controlling the price of milk in the market. The company is in the midst of a Government-funded billion-shilling modernization and upgrade exercise at its major processing facilities across the country, and has so far successfully commissioned its facilities in Eldoret and Sotik, with works already ongoing or nearing completion in its other facilities in Nyahururu, Kitale, Miritini and Dandora.