SOUTH AFRICA – Drought in SA’s main sugar-producing region may cost the industry about R920m, South African Cane Growers’ Association executive director David Wayne said yesterday.
KENYA – Mumias Sugar has moved to court to recover Sh1.1 billion from former chief executive Peter Kebati, finance director Chris Chepkoit, legal affairs and company secretary Emily Otieno and commercial director Paul Murgor.
SOUTH AFRICA – The Competition Commission’s decade-long distribution case against brewer SAB has been thwarted once again, this time by the Competition Appeal Court.
SOUTH AFRICA – The wine industry has the potential to create 100,000 new jobs over the next decade, provided it remains stable, wine producers’ body VinPro says.
KENYA – Mumias Sugar Company has suspended 52 employees in connection with the loss of an estimated Sh400 million following termination of their cane supply contracts to the miller.
TANZANIA– Tanzania will not import sugar for domestic use during the 2014/15 fiscal year as advised by the Technical Advisory Committee on Sugar Importation which is under the Tanzania Sugar Board (TSB), the National Assembly was told on Friday.
NIGERIA – Nigeria’s nominal gross domestic product (GDP), which was estimated at N84.91 trillion in 2014 is expected to grow to N95.09 trillion in 2015 and N156.29 trillion in 2019, provided this month’s election outcome is favourable.
WORLD – Despite a collapse in the oil price and India raising an export subsidy, indications are that the world sugar market is about to shift into deficit territory for a few years, Illovo Sugar MD Gavin Dalgleish said on Friday.
AFRICA— Record harvests and falling oil prices have helped to push food prices to a four-year low, improving the affordability of food in nearly three quarters of countries surveyed, according to data from the Economist Intelligence Unit (EIU).
GHANA – The leading distributors of Indomie Instant Noodles, MULTI-PRO Private Limited, says it would soon start mass production of the noodles in Ghana as part of its 2015 objective.