Dangote, BUA, FMN prioritized sugar importers in Nigeria following massive investments in industry

NIGERIA – The Central Bank of Nigeria (CBN) has restricted importation of sugar into the country to be only undertaken by the three major industry players i.e., Dangote Sugar Refinery Plc, Golden Sugar Company owned by Flour Mills of Nigeria Plc, and BUA Sugar Refinery Limited. The Apex bank in a circular titled: “Sugar Importation in Nigeria,” signed by the Director, Trade and Exchange Department, CBN, Dr. Ozoemena Nnaji, hinged its reason for selecting the aforementioned sugar manufacturers on the fact that they had made reasonable progress in achieving backward…

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BUA Group pumps in US$300m in new integrated sugar company to be completed Q1 2021

NIGERIA – In line with Nigeria’s National Sugar Master Plan (NSMP), BUA Group, a leading food and infrastructure conglomerate has invested over US$ 300 million in Lafiagi Sugar Company (LASUCO) in Kwara State, which is in an advanced stage to completion. This was revealed by the company’s management to Arise News during a media tour, highlighting that the facility is expected to commence operation in the first quarter of 2022. LASUCO, a first of its kind in Nigeria, is an integrated milling factory that will comprise of a 20,000-ha sugar…

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BUA Group boosts investments in Nigeria’s grains industry

Diversified food producer doubles down on its wheat and pasta business with major investments announcements. One of Nigeria’s richest businessmen, Abdul Samad Rabia, the Executive Chairman of the BUA Group, the diversified foods and infrastructure conglomerate is rejigging the company’s food industry strategy by boosting its flour milling and pasta business capacity, after having divested the major part of the business in 2015 to Olam International. The company’s Amber Foods Limited, through its 100% owned subsidiary Quintessential Foods Nigeria Limited, a miller and pasta producer was acquired by Olam for…

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BUA Group partners with Italian pasta processing equipment supplier to double production capacity

NIGERIA – BUA Group, one of Africa’s leading food and manufacturing conglomerate headquartered in Nigeria, has inked an agreement with Italian maker of pasta production equipment, FAVA spa to install a new pasta processing plant. According to a press-statement by BUA Group, the new plant will have a total processing capacity of 720 tons per day of pasta across 5 lines. It is scheduled to be completed in 2021, complementing the food processor’s already existing 720 tons/day pasta processing plant in Port Harcourt, Nigeria bringing its total installed pasta processing…

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BUA Group to build state of the art flour mills partnering Turkish milling equipment supplier

NIGERIA – BUA Food, one of the leading agribusiness and food processing company headquartered in Lagos, Nigeria, has penned an agreement with Milleral, a Turkish manufacturer and installer of milling equipment, to build the company’s new flour milling plants with a total milling capacity of 2,400tons per day. The plants expected to be completed in 2021 will bring BUA’s total installed flour milling capacity to 4,000tons per day, indicated the company’s press-release. BUA Food, a subsidiary of BUA Group has diverse investments in the agricultural value chain in sugar, rice,…

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Nigeria’s sugar processor BUA seals pact with Netafim on automated sugar irrigation project

NIGERIA – BUA Group, parent company of the BUA Sugar Refinery Limited has signed an agreement with Netafim, an Israeli manufacturer of irrigation equipment, for the development of a fully automated sugarcane irrigation project. Under the agreement, the two firms will collaborate in developing what they describe as “West Africa’s most advanced and largest drip irrigation system” at the 20,000 hectares BUA Lasuco Sugar Plantation. BUA Groups investment in the 20,000 hectares sugar estate covers a sugar plantation, a sugar mill and refinery alongside an ethanol plant The group said…

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