The sugar industry in Africa is expanding following the increased demand for the commodity, stated a report by the Oxford Business Group (OBG), a global research and advisory company.
An increase in consumption across the continent and higher output in sub-Saharan Africa is likely to boost the sugar sector in the region.
Karine Loehman, OBG’s Managing Director for Africa said, “The sugar demand in Africa is likely to increase in the next few years following the increase in population and marking the demand after Covid-19 pandemic.”
“Per Capita sugar consumption of sugar in sub-Saharan Africa is at around half of the global average and it is likely to increase further,” he said.
The report titled “Sugar in Africa” points out the opportunities for the investors by helping bridge infrastructure gaps in segments such as farming and refining and port facilities.
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