KENYA: Mumias Sugar Company is in talks with seven banks to restructure Sh5 billion of debt to free up cash flow as the miller seeks to return to profit.
NIGERIA - The Executive Secretary of the National Sugar Development Council, NSDC, Dr. Lateef Busari, has said that the sugar sector could contribute 411 megawatts of electricity to the national grid in line with the Federal Government’s quest to boost energy supply in the country.
SOUTH AFRICA - Despite the world sugar price having fallen to its lowest level since mid-2010, South African producers have made strong gains on the JSE — particularly land and sugar company Tongaat Hulett.
ETHIOPIA - Eating and drinking in Ethiopia involves a lot of sugar, from the quintessentially Ethiopian buna (coffee) ceremony to the fare in pastry shops. But it's expensive to import.
NIGERIA - The Minister of Industry, Trade and Investment, Olusegun Aganga, recently during the Quarterly Meeting with the Director Generals and Chief Executive Officers of agencies and parastatals under the ministry in Abuja, disclosed that the Federal Government has concluded plans to provide N2 billion Agricultural and Infrastructure Support Fund for investors in the sugar industry.
ZAMBIA – Zambia Sugar increased in sugar exports to the European Union (EU) to over 130,000 metric tonnes in the 2013/14 season from 121,000 tonnes last period.
TANZANIA - Beekeeping must be a rewarding entrepreneurship perhaps accorded less attention especially in areas with proven potential.
KENYA - Sugar millers have raised the alarm over underweight packaging of the sweetener in retail shops in the latest offensive against cheap imports.
KENYA - Farmers in western Kenya are demanding payment of Sh2 billion in arrears for their cane delivered to Mumias Sugar.
KENYA - The Kakamega and Bungoma counties should give loans to sugarcane farmers, Lugari MP Ayub Savula has said.
NIGERIA - The Federal Ministry of Industry, Trade and Investment has mobilised a N2 billion agricultural and infrastructure fund for investors in order to boost sugar production in the country.