I'd let it go under, sell it to someone like the Bahindi Rais/Mehtas/Madhavanis - all those asian running those sugar factories in Kenya & uganda & TZ - and forget about it.
The sugar industry should revert back to indians - they know how to ran this - see how they are making money from Butali, Kibos, West Kenya, Ramisi, Transmara and AgroChemical..
They started our sugar and cotton industry - and ever seen goK took over -its been one gigantic mess.
Privatise and let it die - and be gobbled up by Indians - the sugar industry should never have been nationalized. I mean Indians in 1922 were producing 20,000 tonnes of sugar from Miwani and after independence we forcefully took over - and created huge mess.
Museveni returned the farms to Indians - and now Uganda is producing surplus sugar.
Looting is not the issue here, but one can see that the national government has no intentions of reviivng MSC. They are just playing with the minds of the local residents.