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Sudan calls off launch of $1 billion sugar plant

By Ulf Laessing / Reuters KHARTOUM: Sudan has shelved the launch of a $1 billion sugar plant, state media said on Tuesday, delaying a strategic industrial project that was meant to help the government overcome a severe economic crisis. The African country is trying to cut food imports that are stoking inflation. Sudan is undergoing an …


Sudan sugar maker Kenana plans Hong Kong IPO

By Alexander Dziadosz / Reuters KHARTOUM: Kenana, Sudan’s biggest sugar company, is planning to raise $200 million listing a quarter of its shares in Hong Kong in December, to finance new projects. Kenana wants to more than double output to over 1 million tons annually and establish itself as a major exporter, managing director Mohamed El …


Sudan to launch $1 bln sugar plant, eyes exports from 2014

By Ulf Laessing / Reuters NEAR ABU HEBERA VILLAGE: Sudan plans to increase sugar production by 450,000 tons annually with the help of a $1 billion plant, aiming to end dependency on imports and start exporting sugar by 2014, officials and executives said. The African country is trying to cut food imports stoking inflation and eating …


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