Illovo Sugar scores largest investment in its history in Tanzania
Tanzania is Illovo’s third most profitable market after Zambia and Malawi
20 May 2021 - 18:12
Africa’s largest sugar producer, Illovo Sugar Africa, will spend R3.4bn over the next three-and-a-half years to expand production in Tanzania, the largest investment to date in the country’s sugar industry.
The investment will make Illovo’s Tanzanian business less reliant on imports and will help local farmers produce for the company...
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