News
Plans to build grain facility unsound, says Jaffer
By ALPHONCE SHIUNDU
Posted Tuesday, December 1 2009 at 14:17
Posted Tuesday, December 1 2009 at 14:17
The company processes 9,000 tonnes of grain per day.
Accusations levelled against GBHL include high costs of handling grain compared to prices in Durban and Alexandria, the delays, charging millers for storage space among others.
But Mr Jaffer dismissed the accusations as a plot saying GBHL was the cheapest in the region and in fact, it does charge for storage because “we are a grain handling terminal not a storage area. After all we give all our clients 7-days free storage.”
He blamed the media for “reporting only negative things when there were so many positive things happening.”
However, Mr Yusuf Chanzu (Vihiga MP, ODM) and Mr Were said it was the role of the media “not only in Kenya” to highlight all that happens in society.
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Submitted by AnotherKenyanPosted December 01, 2009 03:37 PM
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This should be a purely business decision. If it is not viable, I doubt anybody would be willing to sink the huge amount of money required. It seems to me like Mr. Jaffer just wants to keep competition at bay. However, the government shouldn't offer any concessions to would be investors. Let it be a viable business plan, simple as.