South African sugar approach can demonstrate BRICS leadership
The South African sugar industry is falling behind, as our Indian and Brazilian counterparts make strides to convert sugar cane into ethanol.
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The South African sugar industry is falling behind, as our Indian and Brazilian counterparts make strides to convert sugar cane into ethanol.
Dangote Sugar Refinery Plc has started its financial year 2023 with a strong performance in its first quarter (Q1), showing improvement and maintaining its
Chairman of the Company, Aliko Dangote said: “The shareholders are very happy with the way we have been running their company and also in re-investing the profit into the Backward Integration Programme (BIP) for the sugar industry. We are going to play our part in ensuring that Nigeria becomes self-sufficient in sugar within a very short period. We are not the only players, but we will surely play our part. We should be able to produce over 170,000 tonnes which are by far, in the history of Nigeria, the highest to be produced locally.”
Despite harsh macro-economic difficulties , Dangote Sugar Refinery Plc (DSR) plans to pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of sugar next season.
The shareholders of Dangote Sugar refinery Plc, approved N18.22 billion dividend payout for the year ended December 31, 2022.