Sugar

27 May

Billionaire Aliko Dangote shows interest to purchase sugar factory in Ethiopia

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, Alikodangote, cementinethiopia, CocaCola, EthioNegari, Ethiopia, Sugar, Sugarfactories

Aliko Dangote, the richest man in Africa, expressed his interest to buy a sugar factory in Ethiopia. Ethiopian government stated that it wants to sell sugar factories under its ownership a year ago. Based on this, according to the notice issued by individuals and institutions interested in buying sugar factories, the Nigerian billionaire is one of the investors who have expressed their interest. Aliko Dangote, who owns a cement factory in Ethiopia, is now interested in purchasing a sugar factory. In addition to Aliko Dangote, Coca-Cola Company also one of the business establishments that want to purchase a sugar factory…

07 Jun

Sugar bid back to square one

ethionegari@gmail.com0 CommentsBusinessADDIS ABABA, EthioNegari, Ethiopia, Sugar

Despite the Sugar Industry Group being expected to grab one of the offers from the recently closed sweat bid, the corporation has annulled the bid and switched it up to another round restricted bid in order to obtain a lower price point for the commodity. Prior to this, it was signaled that the Industry Group had managed the recent bid swiftly and even was able to get a better rate compared with the previous unsuccessful and lengthy patterned regular bidding processes. However, the Industry Group wasn’t content with the offer tabled and as sources explain, it wanted a lower price…