Sugar & Confectionery – LATEST NEWS

Nigeria is targeting higher sugar output through new financing, estate development and tighter enforcement of backward integration requirements.

The payment forms part of efforts to clear long-standing worker arrears as Nzoia Sugar rebuilds operations following a major factory rehabilitation.

Sucro’s refinery expansion nearly doubled quarterly volumes, while improved margins and a record free cash flow result supported stronger second-quarter profitability.

KCP Sugar’s quarterly performance was supported by higher operating revenue and investment gains, while the company cautioned that seasonal factors affect the interpretation of quarterly results.

Tanzania’s sugar industry is expanding through new industrial production, mill upgrades and greater participation by small-scale sugarcane farmers.