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Originally published by The Standard BusinessAugust 25, 2026
2h ago
How Sony Sugar's 40,000-acre auction puts to test Ruto's Sh117b write-off pledge

The Cooperative Bank is preparing to auction 4,000-acre land owned by Sony Sugar after a 40-day notice to the sugar miller to pay an outstanding debt lapsed last week...
✨ Key Highlights
The Cooperative Bank is set to auction 4,000 acres of Sony Sugar land after the company failed to repay a debt of Sh862.3 million following a 40-day notice period.
- The auction puts President William Ruto's pledge to revive Western Kenya sugar millers to the test, raising concerns for farmers.
- The debt owed to the Cooperative Bank is Sh862.3 million.
- The land involved spans 4,000 acres and belongs to Sony Sugar (South Nyanza Sugar Company).
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