Illovo Sugar undertakes top leadership changes at its subsidiaries in Zambia, Eswatini

ZAMBIA – Zambia Sugar, subsidiary of pan-African sugarcane grower and sugar producer, Illovo Sugar Africa has appointed Oswald Magwenzi as its new Managing Director. Oswald joins the company from Ubombo Sugar Limited, Illovo Sugar’s operating unit in Eswatini, bringing a wealth of knowledge to this role including a track record of business performance excellence and value-proposition innovation. He has served as MD for Ubombo Sugar since 2013, but started his career in the sugar industry in 1998. Oswald has general management and operational experience as well as development finance experience…

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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 million. Company Board Chairperson Tarcisio Chanda said his company is in the process of sourcing US$554 million to finance the sugar manufacturing project, which also includes a 17,000 hectares sugar estate to be established on the banks of the Kafue River in Ngabwe. Once operational, the Luanshya based sugar refinery plant will house a cane…

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