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Originally published by The Standard Business
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August 25, 2026
5h ago

How Sony Sugar's 4,000-acre auction puts to test Ruto's Sh117b write-off pledge

How Sony Sugar's 4,000-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

Cooperative Bank is set to auction 4,000 acres of land belonging to Sony Sugar after the miller failed to repay a debt of Sh862.3 million.

  • The auctioning of 4,000 acres of Sony Sugar land over a Sh862.3 million debt.
  • Key entities involved are Sony Sugar and Cooperative Bank, with President William Ruto's administration's revival strategy under scrutiny.
  • This move tests President Ruto's pledge to write off Sh117 billion for Western Kenya sugar millers and raises concerns for the livelihoods of farmers.

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