Standard Bank forecasts higher sugar output for Africa

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It quotes Helmut Engelbrecht, head of investment banking at Standard Bank as saying that the sugar sector is a strong investment opportunity as there is growing international and local demand for the commodity.

He says the bank expects a good pipeline of funding deals for projects in East Africa such as Kenya.

He says the fact that the European Union has adopted a preferential pricing policy for emerging sugar producers such as Swaziland and Mozambique mean investment opportunities remain strong.

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