Zambian company to set up a US$166m sugar refinery

ZAMBIA – Mobe Sugar Company, a wholly owned Zambian private manufacturing company has initiated talks with Luanshya Municipal Council, North-Central Zambia on opening a sugar refinery and auxiliary factories in the district worth over US$166 […]

Coca-Cola, Dangote eyeing stake in Ethiopian Sugar industry

ETHIOPIA – In the wake of privatizing Ethiopia’s state-owned sugar plants and properties, heavyweight industry players are joining the race with Coca-Cola Company under its subsidiary in Ethiopia and Nigeria-based Dangote Group expressing their interest. […]

Sugar processor Tongaat postpones release of audited full year financial results

SOUTH AFRICA – South African based sugar producer, Tongaat Hulett, has again postponed the release of its audited financial statement for the latest full year ended March 31 from the previously anticipated release date of […]

Kenya’s Mumias Sugar placed under receivership over US$60m financial woes

KENYA – Cash strapped Mumias Sugar Limited company has been placed under receivership by KCB Group following the execution of a lender’s agreement deed dating back to September of 2010 to protect its assets and […]

Tongaat Hulett mulls shutting down operations in Mozambique

MOZAMBIQUE – Tongaat Hulett, a South African based diversified agribusiness firm, has unveiled intentions of closing down its sugar company in Mafambisse, central Mozambique. According to the secretary of the Mafambisse trade union committee, Antonio […]

South Africa’s Tongaat Hulett appoints Rob Aitken as new CFO

SOUTH AFRICA – South Africa’s agri-business company, Tongaat Hulett, has announced the appointment of Rob Aitken as new permeant Chief Executive Officer (CFO) and executive director, effective March 2019, reports Business Report. Rob Aitken has […]