Companies in BriefThis article was originally published in The Public Ledger
UGANDA’S government has sold a 19% stake in Kinyara Sugar Works, the country’s second biggest sugar producer, to Mauritius’ Rai Holdings for $9.1m. The Mauritian firm must sell the stake to the public after five years. A full initial public offering was delayed due to global equities turmoil. Rai has undertaken to invest $55m over the next three years to lift output to at least 200,000 tonnes annually.