𝐉𝐚𝐬𝐰𝐚𝐧𝐭 𝐑𝐚𝐢’𝐬 𝐍𝐳𝐨𝐢𝐚 𝐒𝐮𝐠𝐚𝐫 𝐓𝐚𝐤𝐞𝐨𝐯𝐞𝐫 𝐒𝐩𝐚𝐫𝐤𝐬 𝐂𝐨𝐧𝐭𝐫𝐨𝐯𝐞𝐫𝐬𝐲 𝐚𝐧𝐝 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐃𝐞𝐦𝐚𝐧𝐝𝐬!

By Felix Wanjala.

The newly appointed investor in Nzoia Sugar Company, Jaswant Rai,has been urged to strictly adhere to all terms outlined in the lease agreement signed with the government regarding the factory’s management.

According to the government, Rai emerged as the successful bidder for the 30-year lease of the Nzoia Sugar Company.However, a section of leaders have opposed the move, claiming the entire privatization process was shrouded in secrecy.

They are now demanding full transparency and public disclosure of the privatization agreement.

But who is Jaswant Rai? He is reportedly the chairman of Rai Group, a powerful business empire in Kenya with substantial influence across East Africa. Rai is recognized as one of the most influential industrialists in the region’s sugar sector.

He plays a dominant role in Kenya’s sugar industry, controlling an estimated 43% of the national market.

His business interests span several major sugar companies including West Kenya Sugar, Kabras Sugar, Sukari Industries, Olepito Sugar, and now the newly acquired Nzoia Sugar Company.