Sugar & Confectionery – LATEST NEWS
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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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Lindt & Sprüngli cuts 2026 sales growth forecast
Lindt & Sprüngli lowers its 2026 growth outlook citing geopolitical tensions and weaker tourism, while reporting strong 2025 profits and continued premium chocolate demand.
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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.
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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.