Omnicane to set up $180m sugar factory in Kenya
Omnicane, a Mauritian sugar company, will develop a sugar plant at Kwale in Kenya with an investment of $180m. The company plans to set up a joint venture with local investors in Kwale International Sugar Company Limited (KISCOL).
Omnicane chief executive officer Jacques d'Unienville said that the sugar factory will initially access 17,000 acres of sugar cane, reported Reuters, citing L'Express newspaper.
The project will also include the establishment of an 18-megawatt bagasse power facility and a 30,000-litre ethanol production plant. "The project is in line with our vision to consolidate further our presence in the sugar and energy sectors. It will also help in the internationalisation of our operations," d'Unienville said.
This is considered to be one of the biggest foreign direct investments in Kenyan agro industry. The Kenyan sugar industry faces high production costs and uses poor technology. The entry of Omnicane is expected to boost the sugar production in the country, which presently is dominated by Mumias Sugar.
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