News International Sugar Journal

Mali – Financing for Markala Sugar Mill secured by Illovo [Registered]

Illovo Sugar has secured financing for the construction of the integrated Markala Sugar Mill in Mali. This is, however, subject to finalisation of loan documentation. Completion of the financing of the agriculture component of the project is complex and requires bilateral concessional lenders to disburse funds via the Government of Mali. Good progress has been made towards securing this funding, which is expected to be finalised early in 2012, the company said. Project commencement also remains dependent upon the Government of Mali fulfilling certain undertakings which is in progress, Illovo said as part of its release of financial results for…

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