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Traded On:  19th-June-2013
Avg Share Price : 4.45
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The Mumias Sugar 2011-2012 financial report.
 
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Corporate Social Responsibility

Mumias Sugar is involved in a number of community development projects in line with the company’s Corporate Social Responsibility (CSR).

CSR - HEALTH

The Company supports locally based health institutions through provision of material and financial assistance and example being its annuall grant to St. Mary's hospital which is a refferal center to the farmers within the Mumias region.

CSR - YOUTH & SPORTS

MSC has invested in the nuturing and growing of local sporting talent, through various sponsorship packages, the company invests 4M annually in the famed Utamu halisi football tournament while also fully sponsoring the AFC Leopards team. The company is also involved in the sponsorship of youth programs.

CSR - EDUCATION

Booker


There is an elaborate Company School Assistance Programme with an annual budget of KShs 100 million to support three estate schools i.e. Booker Academy, Mumias Sugar Central and Complex Primary Schools and other needy educational institutions within the Mumias Sugar Zone.

Mumias Sugar Company has a Bursary scheme that benefits 20 top KCPE candidates every year. Of the 20 beneficiaries, ten must be children of company employees and the other ten, children of farmers contracted to Mumias Sugar Company. The students are awarded a full four-year bursary to pursue secondary education.

 

ENVIRONMENTAL ACTIVITIES
Mumias is also involved in environmental conservation activities. Every year’ the Company distributes nearly six million tree seedlings to local cane farmers, women and youth groups, schools, churches, mosques and other public institutions for planting.

Mumias Sugar Company is a corporate partner of the World Wide Fund for Nature (WWF) and part of its conservation effort is to join other partners in conserving the Mau Forest. The Company is piloting the Nzoia River Basin Management Initiative aimed at conserving Nzoia River which is the lifeline of the local people stretching from Cherengani Hills to Budalang’i in Busia District now famous for floods.

CSR - ROADS AND INFRASTRUCTURE
Towards this goal, the company maintains 4,800 kms of the road network within the Mumias Sugar Zone at an average cost of KShs100 million with another Kshs.30 million towards the maintenance of bridges. Mumias Sugar has recently constructed the Matawa Bridge across River Nzoia which connects Matawa Village in Mumias and Indangalasia Village in Matungu at a cost of Kshs.90 million.

The bridge will help cut down transport costs by nearly 40 Kms for farmers who bring in their cane from certain parts of Busia and Siaya Districts. Construction of three other bridges namely Walatsi, Sio and Namisi was completed at a total cost of Kshs.86.2 million.

CSR - HEALTH 

The copmany supports locally based health institutions through the provisions of material and finantial assistance. 

CSR  - EDUCATION

There is an elaborate Company school Assistance programme with an annual budget of Kshs 100 Million to support three estate schools; that is Booker Academy, Mumias Sugar Central and  Complex Primary schools and other needy education institutions within the Mumias Sugar zone.

Mumias Sugar comany has a Bursary scheme that benefits twenty  top KCSE candidates every year. Of the twenty beneficiaries, ten must be children of company employees and the other ten, children of farners contracted with Mumias Sugar company. The students are each awardeda full four-year bursary to pursue secondary education. 

ENVIRONMENTAL ACTIVITIES 

Mumias is also involved in environmental conservation activities. Every year, the company distributes nearly six million tree seedlings tolocal cae farmers, women and youth groups, churches, schools, mosques and other pub;ic institutions for planting. 

Mumias company is a corporate partner of the World Wide Fund for Nature (WWF), and part of its conservation effort is to join other partners in conserving the Mau forest. The company is piloting the Nzoia River Basin Initiative which is aimed at conserving the Nzoia river which is the lifeline for the local people, stretching from Cherangani hills to Budalang'i in Busia district, which is now famous for floods. 

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