Sudan Secures Funds for New Sugar Factory
by Opheera McDoom (Reuters) Sudan has secured funding for a new 140,000 tonne sugar factory which will also produce 30 million litres of ethanol by November 2014, in the latest step to gear the African nation’s sugar industry towards export.
Executive Director of the Mashkour sugar company Mohamed Abdelatti Abdalla told Reuters the factory will be a model in the White Nile region to produce sugar, ethanol and electricity in the first phase, moving to add animal feed, dairy and meat in a second phase after five years.
“We’ve got a government-government credit line from EXIM Bank in India for about $150 million,” Abdalla said.
…Britain this year announced a new policy to encourage investment in Africa’s largest country which has an abundance of land and where the Blue and White Niles meet. Khartoum hopes other European companies will follow suit. READ MORE