Sugar & Confectionery – AFRICAN & MIDDLE EAST NEWS
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Bannari Amman Group FY26 net profit surges 41%
Bannari Amman Group reported strong FY26 earnings growth driven by improved sugar segment profitability, lower tax expenses, and ongoing investments in sugar and ethanol expansion.
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Kenya turns to sugarcane ethanol to cut fuel costs, revive sugar industry
Kenya plans major sugar sector reforms focused on ethanol production, renewable energy and value addition to strengthen fuel security and increase farmer earnings.
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IFC commits US$40M loan to boost Egypt’s sugar beet production, self-sufficiency goals
IFC’s $40 million loan will support sugar beet cultivation in Egypt as the country targets sugar self-sufficiency and expands private-sector investment in agribusiness.
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South Africa sugar industry sees strong start to 2026/27 season
South Africa’s sugar industry has recorded a strong rise in early cane deliveries, although import pressures and Tongaat Hulett’s uncertainty continue to threaten the sector.
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Cadbury Nigeria appoints Ayman Gaafar as Managing Director
Cadbury Nigeria has named FMCG executive Ayman Gaafar as managing director as the company seeks to strengthen leadership after returning to profitability in 2025.