The Rai Group has denied social media reports that it is closing all its operations in Kenya and relocating to another market.
In a statement on Monday, September 25, Rai Group described the reports as unhelpful propaganda coming at a time of severe economic challenges.
The group urged its business partners, stakeholders, employees, and farmers to disregard the reports on social media.
“The management at Rai Group of Companies wishes to inform all its business partners, stakeholders including farmers, employees the media and indeed the general public that the information circulating on social media platforms to the effect that that Rai Group is closing down all its operations and is relocating to another country is, to say the least, regrettable misinformation bordering on unhelpful propaganda coming at this time of severe economic challenges,” read the statement in part.
The company also noted that it is aware of its contribution to the growth of the Kenyan economy through the creation of jobs, production of quality goods, and provision of services that circulate and are consumed both locally and internationally.
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The Rai Group further said it would continue to maintain high standards of delivery in strict compliance with the regulatory, legal, and social expectations of its partners.
This comes weeks after President William Ruto made comments believed to be directed at billionaire Jaswant Singh Rai.
The head of state warned sugar cartels that he would not allow them to sabotage the revival of public enterprises.
Rai was also allegedly abducted by unidentified people in Kilimani in August and released two days later.
