On 24th of February, President Uhuru Kenyatta’s office announced plans to privatize the five state-owned sugar factories and impose additional taxes in order to revive the ailing industry, according to […]
Ethiopia – Coca-Cola plans to buy sugar plants to fully secure its sugar need locally [Full subscriber]
The Coca-Cola Company under its subsidiary in Ethiopia has tendered its bid to acquire sugar plant/s the government is about to privatize in the early months of 2020, according to local paper The Reporter.
The planned of the Croatian sugar factories Tvornica Secera Osijek, Viro and Sladorana has now been completed. The new company is called Hrvatska Industrija Secera (Croatian Sugar Industry), according to local press reports.
Ethiopia – Investigation commences into the misuse of funds assigned for the construction of sugar factories [Full subscriber]
The Ethiopian government is investigating possible misappropriation of funds meant for the expansion of 10 state-owned sugar factories that are part of the industry now slated for privatization, reported Bloomberg.
Mozambique – The fate of financially beleaguered Tongaat Hulett’s two sugar factories awaited [Full subscriber]
The Mozambican government is awaiting clarity on the fate of two factories owned by the financially troubled South African sugar group Tongaat Hulett – whether they will be sold to reduce its debt.
The Ministry of Agriculture seeks to reduce the nation’s dependence on imported sugar by building two sugar plants by the end of 2021, according to local press reports.
Indonesia – Dutch colonizers supported economic growth through building sugar factories [Registered]
A new study in the Review of Economic Studies suggests that areas where Dutch colonizers built sugar factories in the 19th century are more developed today.
The Kenya National Chamber of Commerce and Industry (KNCCI) has asked the Government to speed up the privatisation of the State-owned Nzoia, Miwani, Muhoroni, Chemelil and Sony sugar factories to foster competitiveness, according to local press reports.
Croatia’s three sugar factories given the go-ahead by the anti-trust authority to form JV [Full subscriber]
Croatian sugar factories Tvornica Secera Osijek, Viro and Sladorana, have received the green light from the country’s competition authority to form a joint venture (JV) for sugar production and sale, according to local press reports.
The Sagaing region in Myanmar is expected to see significant investment with building of two new sugar plants according to both local press reports and that from Japan.