Illovo sugar doubles sugar production in Tanzania, commences US$238.5m expansion project

TANZANIA – Illovo Sugar Africa, a Pan-African consumer centric agri-business with roots in growing and making sugar and related products, has announced the commencement of its Tsh 571.6 billion (US$238.5 million) expansion project in Tanzania. According to the giant sugar processor, the planned investment at its Tanzanian unit, Kilombero Sugar Company, co-owned alongside the Government of the United Republic of Tanzania having 25% stake, has been in the pipeline for a number of years. Following the obtention of the go-ahead, this new development will increase Kilombero’s sugar production by 144…

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Illovo Sugar Malawi earnings decline by 75% affected by country’s ailing sugar industry

MALAWI – Illovo Sugar Malawi, the Malawian subsidiary of pan-African sugarcane grower and sugar producer has reported a 75 per cent decline in its earnings to K2 billion (US$2.7m) in the six months ended February 28 2020, from K8.1 billion (US$11m) recorded in the previous period. The firm’s revenue, however, increased from K62.4 billion (US$84.8m) to K73.5 billion (US$99.9m) during the same period last year. The firm attributed the decline in earning to challenging operating and market conditions, including informal sugar imports and logistical challenges, reports the Nation Malawi. Export sugar revenues…

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Illovo Sugar launches the Making Sense of Sugar campaign in Southern Africa

SOUTHERN AFRICA – Illovo Sugar Africa, a Pan-African consumer centric agri-business with roots in growing and making sugar and related products, has launched the Making Sense of Sugar campaign in Southern Africa region aimed to inform and educate people on the role sugar can play in the diet. Illovo Sugar is Africa’s largest sugar producer and has extensive agricultural operations in six southern African countries i.e.  Eswatini, Malawi, Mozambique, South Africa, Tanzania and Zambia manufacturing sugar and downstream products from cane supplied by its own agricultural operations and independent growers.…

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