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Originally published by The Standard Business
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August 25, 2026
2h ago

How Sony Sugar's 40,000-acre auction puts to test Ruto's Sh117b write-off pledge

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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