The cash strapped giant sugar miller Mumias Sugar Company Board of Directors is changing guard with the entry of a new chairman of the board as Kennedy Ngumbau Mulwa takes charge from the outgoing Dan Ameyo.
An advertisement posted in the local dailies in November last year announced that Ameyo would not seek re-election at the loss-making miller’s shareholder meeting that was held on December 9th, 2016 at the Tom Mboya Labour College in Kisumu.
That was after Angaza News broke the news that Mumias Sugar Company’s chairman was on his way out of the company’s leadership after it had consistently been posting losses running into billions of shillings in consecutive running financial years.
That advertisement published in local dailies indicated Mr. Ameyo would not be seeking re-election as a director at the company, ending his two-year tenure at the Nairobi Securities Exchange (NSE) listed sugar miller’s board after joining the millers’ board in February 2014.
The move came amid pressure from western Kenya politicians, led by the region’s Parliamentarians Caucus chairman John Bunyasi for the board and management to be totally overhauled.
Ameyo’s exit is part of massive changes expected in the management of the company in the coming six months.
The cash-strapped Mumias Sugar named Errol Johnson as chief executive officer last year in August after receiving a Kshs1 billion bailout from the government.
Mr. Johnson previously headed the company from 1998 to 2001under the Booker Tate Plc of London management.
It was Booker Tate’s management that saw the company become the leading sugar producer in the country using the state of the art diffuser technology for production and the most profitable sugar company in the East African region but started experiencing serious financial woes under the management of the current Nairobi Governor Evans Kidero.
The miller’s after tax loss grew to Kshs. 4.7 billion in the year ended June from Kshs. 4.6 billion in 2015 as the once vibrant company struggles to return to profitability.
The Nairobi Securities Exchange-listed sugar firm has been in financial difficulties blamed on gross mismanagement, shortage of sugar cane and cash flow constraints.
So far the miller has received close to Kshs. 3 billion loans from the government for a turnaround plan. In its last financial statement, the sugar miller says it is implementing turnaround strategies with the help of its lenders and shareholders.
These measures include restructuring of its staff, rehabilitation of the factory and increasing the utilization of the ethanol plant, but above all dealing a killing blow to the sugarcane poaching crisis that has heavily contributed to its dismal performance as its cane from its contracted farmers is heavily poached.
The entry of Dr. Mulwa and the expected completely new board members is expected to play a central role in the onerous process of turning the company’s performance around from a man who has a highly powerful Curricula Vitae to his credit.
The Phd degree holder is currently the Managing Director/CEO of M & M Hotels & Resort Ltd-4 star Hotel, Muken General Traders (Dealers in electronics & real estate), Whitestone Auctioneers (k) Ltd -Class B license holder and Elgon Properties Limited.
He is a Director in Pelican Signs Limited, Director Asia Pacific (HNS) Based in Australia (Whitehead), Hong Kong (Central) and China- Guang –Guang-Zhon, Muland Properties, and Member of Diplomacy of Commerce of Kenya National Chamber of Commerce & Industry.
Mulwa’s credentials as Director extends further to Cottars Safari Services Ltd, Milestone Auctioneers Ltd and St. Lukes Secondary School-Machakos.
He is a Chairman on the Boards of Zoar General Contractors Ltd, Mulundini Development Group Association and Ukambani Economic Empowerment Association. He has also done a lot in community service in diverse areas within the republic of Kenya.
On the Academic front Kennedy’s achievements are no mean task because he holds a United Graduate College and Seminary International honorary Doctor of Philosophy Degree in Humanities.
He is currently pursuing a Doctorate degree in Business Leadership at Management University of Africa.
He also holds an Executive MBA from Jomo Kenyatta University of Agriculture and Technology and a BA Degree in Economics (1st Class Hons), from State University of New York, Old West New York-U.S.A.
The academic endeavors do not stop there because Mulwa has Diplomas in Business Management, Education (Humanities), and Theology.
He has participated in several Seminars and workshops in all aspects of management including Corporate Governance.
Dr. Mulwa is a leading Executive Administrator of high integrity, honesty, transparency and prowess in both international & National development.
He has and continues to participate in a dynamic and competitive environment which espouses team work, equity, creative innovation, accountability and professionalism.
He reportedly has a penchant for valuing diversity, commitment to service delivery, pro-activeness, rule of law, value addition and participatory leadership with a goal driven objective of transforming the country.
He has over 15 years valuable experience in top leadership both nationally and internationally in the USA.
With such powerful credentials and experience both locally and internationally the whole country will be watching for him to salvage the country’s sugar gold mine in Mumias Sugar but there must be team work and all round committed effort with stakeholders to achieve success with those answerable to its woes brought to book.
-Additional Reporting By Musa Radoli