Indian firm to establish sugar factory in Tanzania to boost production

TANZANIA – Indian sugar miller, Purandare Industries (T) Ltd, plans to establish a mega sugar processing factory in Tanzania’s capital, Dodoma. According to the company’s Managing Director, Satish Purandare, construction of the 20,000 acres factory […]

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 […]

ZAMCO to dispose it’s 57.4% stake in Star Africa amid profitable turn around

ZIMBABWE – The Zimbabwe Asset Management Company (ZAMCO) is planning at disposing its 57.4% stake in Star Africa corporation limited, manufacturing and marketing sugar-based products under the brand names, Goldstar Sugar and Country Choice Foods. […]

Tanzania’s MeTL Group inaugurates US$89.17m processing facility

TANZANIA – The Mohammed Enterprises Tanzania Limited (MeTL) Group, a Tanzania based diversified investment company, has inaugurated new wheat and maize processing facility after investing US$89.17million (TShs 205bn). The latest 21st Century Food and Packaging […]