Rai Pan Paper paid Kshs 800 million as the highest bidder for Pan Paper, they have also absorbed the Kshs 10 billion debt including the Kshs 2 billion President Kibaki provided in 2006 and will still need Kshs 8 Billion to modernise the plant and restaffing.
President Uhuru officially inaugurated Rai Pan Paper in Webuye, Bungoma County. The company will positively contribute to the economic growth of this region. The mill has now produced its first paper in 10 years fulfilling the pledge we made to residents and bringing hundreds of jobs back to Webuye.
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Addressing the huge crowd residents of Webuye who appreciate their main livelihood is now back on permanently thanks to Jubilee government.
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