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ETHIOPIA - The Ethiopian government has embarked on the process of privatizing 13 sugar factories that are operational or under construction as it seeks to enhance efficiency and improve productivity. According to Addis Fortune, the ministry of finance and the Ethiopian Sugar Corporation have released a request for information (RFI) which will be used to…
EUROPE – The sugar and starch processing company, Agrana has joined forces with US-based Amalgamated Sugar to build a US$45 million (€40 million) betaine crystallization plant in Austria. Construction of the facility has started at Agrana’s sugar refinery in Tulln and it is expected to be completed in one year. The investment aims to increase…
NIGERIA- Dangote Sugar Refinery in Nigeria has reported a profit before tax of US$96.24 million during its full year results for the financial year ended 31st December 2018. The Nigeria Stock Exchange Listed firm grew it revenues to US$418.35 million as it continues to cement its position as the leading sugar producer both by volume…
NIGERIA - The Golden Sugar Company, a subsidiary of Flour Mills of Nigeria (FMN), has reaffirmed its commitment to the development of sugar value chain in Nigeria. The sugar company said that it will continue to advocate for the sugar value chain in the country in line with the federal government’s backward integration policy regarding…
SWEDEN – The European second largest sugar manufacturer, Nordzucker AG has said that it will be investing US$114 million (100 million euros) at its sugar production factory in Örtofta, Sweden. The company said the move, which was approved by both the executive and supervisory board is part of the strategy to concentrate its sugar production…
KENYA – Kenya has embarked on reviving the sugar sector after the Ministry of Agriculture unveiled plans of writing off US$384 million in debts owed to various companies to pave way for the privatisation of the State-owned sugar millers. Speaking during a sugar stakeholders meeting, Mwangi Kiunjuri, Cabinet secretary in the Ministry of agriculture, said…
KENYA – Kibos Sugar and Allied Industries Ltd, a sugar processing and agro-allied company in Kenya, said it seeking for an electric power generation licence from the energy regulator in the country. The company said in a statement that it is set to apply to the Energy Regulatory Commission for the licence in the generation…
AUSTRALIA – Coca-Cola Amatil has announced that 100% of sugar used in its non-alcoholic beverages in Australia is sourced from independently accredited growers who follow sustainable production frameworks. The sugar contracts running to 2021 will be purchased from growers who hold Bonsucro and Smartcane Best Management Practice (BMP) sugar certifications which aim to increase on-farm…
EUROPE – The American multinational confectionery, food, and beverage company, Mondelēz International has appointed Vince Gruber head of the European business. He has taken over the role of Executive Vice President & President Europe for Mondelēz International, responsible for shaping and driving the company strategy “Snacking Made Right” in the territory. Gruber was appointed Executive…
SOUTH AFRICA – South Africa has announced an increase in tax on sugar drinks in a move to cushion the economy against inflation despite a struggling sugar industry in the country. South Africa’s Finance Minister, Tito Mboweni, said that the tax will increase from 2.1 cents to 2.21 cents per gram of sugar per 100ml,…