Sugar & Confectionery – AFRICAN & MIDDLE EAST NEWS
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Dangote Sugar to raise US$330M via rights issue to fund expansion and strengthen balance sheet
Dangote Sugar plans a $330 million rights issue to reduce debt, fund expansion and boost local sugar production under Nigeria’s backward integration strategy.
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Congo launches Sakania sugar refinery project to boost food security and cut imports
DRC moves to reduce sugar imports with new Sakania refinery project, aiming to strengthen domestic production, food security and local economic development.
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KUSPAW warns of strike over delayed payments in Kenya sugar sector
Sugar workers threaten strike action as delayed payments spark unrest, with unions accusing the government of failing to honor agreements tied to factory leasing reforms.
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Tanzania reaffirms support for sugar investment as ABF sugar expands production capacity
Tanzania’s president pledges support for sugar sector investment as ABF Sugar expands operations and prepares to launch a new factory to boost domestic production.
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Hain Celestial sells North American snacks business to Snackruptors for US$115M
Hain Celestial divests its North American snacks unit to Snackruptors for $115 million as part of a strategy to reduce debt and refocus on core food and beverage categories.