Sugar & Confectionery – AFRICAN & MIDDLE EAST NEWS
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IFC considers US$40M investment in Nile Sugar project to boost Egypt’s sugar production
IFC is reviewing a $40 million loan to support Nile Sugar’s expansion in Upper Egypt, aiming to strengthen domestic sugar production and reduce reliance on imports.
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Ghana bans land transit of sugar, rice and other imports to curb smuggling and protect revenue
Ghana introduces new border controls banning land transit of key imported goods to prevent revenue leakages and curb smuggling through abuse of the transit trade regime.
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Nigeria launches US$7.2M sugar project acceleration fund to boost Greenfield sugar investments
The fund is set to help structure and finance new sugar projects, aiming to strengthen domestic production and build a competitive, investor-ready sugar industry.
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Mars Wrigley expands sugar-free gum production in Athi River
Mars Wrigley Kenya is expanding sugar-free gum production at its Athi River plant, strengthening exports across Africa and the Middle East while planning further investments to scale manufacturing capacity.
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Kenya sugar prices drop 4.37% in February after exit from COMESA import safeguards
Kenya’s retail sugar prices recorded the steepest monthly drop in nearly two years after the country exited COMESA import safeguards, allowing cheaper regional sugar supplies into the market.