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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