Ruto breaks silence over the abduction of Billionaire Rai, Kabras sugar owner
Ruto fires warning to the abducted Kabras sugar company owner Jaswant Singh Rai
Ruto fires warning to the abducted Kabras sugar company owner Jaswant Singh Rai
On Sunday, President William Ruto warned private millers that he would not back down from his plans to regulate the sugar business in order to resurrect state-owned firms.
While speaking during the interdenominational thanksgiving and prayer service at Uwanja Ndege Grounds in Bungoma County, the visibly agitated Head of State vowed that he would not sit back and watch a few people exploit Kenyans economically.
He singled out Rai (Jaswant Rai) of the Rai Group, who has recently gained attention following his kidnapping on Saturday, August 26, by unidentified individuals.
Rai Group controls more than 40 per cent of the country’s sugar production and market supplies.
“Msikuwe na wasiwasi niko hapo chonjo kabisa. Nitahakikisha hii kitu inakaa chonjo. Na wakora wote wako katikati. Msikuwe na wasiwasi ati kuna mtu atakuja kutuongelesha kingereza. Sijui mhindi fulani. Sijui nani ni nani. Sijui mwingine ananiambia Rai. Rai Nani? Hapana hiyo haiwezekani.”
The President questioned why, despite the government investing heavily in the latter, privately owned sugar companies were making more money than their publicly traded counterparts.
In the President’s vision, public-private partnerships will be used to resurrect the sugar industry.
He explained that his government would deviate from solely running the public sugar mills in the region as the strategy had failed in the past.
“We want a formula that will bring government and private sector together so that Nzoia company can be sustainable and help locals and the government,” he explained.
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“We cannot run business as government. We have tried that before, and it has failed. We pump in millions, and it sinks. How can private mills be functioning profitably when government-owned is riddled with debt? It’s a management issue,” the head of state explained.
He further assured that the government is committed to resolving the sugar crisis in the region, emphasising his determination to take decisive action.
“I want to promise you this is the government that will sort out this sugar problem in this region because we have made a decision to do it,” he vowed.
Jaswant Singh Rai, Chairman of the Rai Group and Sarbi Singh Rai, who runs the Sarrai Group, which is domiciled in Uganda, are brothers. The latter, however, has interests in Kenya.
In Kenya, Jaswant Singh’s Rai manages West Kenya Sugar/Kabras Millers in Malava, Kakamega, Sukari Industries of Ndhiwa in Homabay, Olepito Sugar at Tangakona in Busia and Naitiri Sugar in Bungoma county.
Recently, he was in the spotlight for battling for control of Mumias Sugar with his brother Sarbi Singh Rai.
Jaswant Singh Rai was reported missing on Saturday after he was allegedly kidnapped at Kilimani, Nairobi.
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