A new focus report produced by the Oxford Business Group (OBG), in partnership with the International Sugar Organization (ISO), explores Africa’s sugar industry’s potential for growth on the back of an anticipated rise in regional demand.
The report was presented to ISO members during the MECAS meeting at the Organization’s 58th Council Session on June 17.
Titled ‘Sugar in Africa’, the report highlights the opportunities for investors to contribute to the industry’s development by helping to bridge infrastructure gaps in segments such as farming and refining and port facilities.
The report considers the benefits that the African Continental Free Trade Area (AfCFTA) could deliver by supporting fair intra-African sugar trade efforts and bringing regulatory frameworks under a common umbrella, which will be key to improving competitiveness.
The increased international focus on ESG standards is another topical issue examined.
Here, the report charts the initiatives already under way in Africa supported by green-focused investment with sustainability at their core, which will help to instil confidence in new investors keen to adhere to ESG principles in their decision-making.
In addition, subscribers will find coverage of the impact that Covid-19 had on the industry, with detailed analysis provided of the decrease in both worldwide sugar production and prices, as movement restrictions and social-distancing measures took their toll on operations.
The report shines a spotlight on sugar production in key markets across the continent, noting regional differences in terms of output and assessing individual countries’ roles as net exporters and importers.
It also includes an interview with José Orive, Executive Director, International Sugar Organisation, in which he maps out the particularities of the African sugar industry, while sharing his thoughts on what needs to be done to promote continental trade and sustainable development.
“The region is well advanced in terms of sugar production overall, but several challenges still hinder its full potential,” he said. “It is not enough to just produce sugar; producers must be able to move it to buyers efficiently. When all negotiations related to the AfCFTA have concluded, we expect greater investment across the continent and a clearer regulatory framework.”
Karine Loehman, OBG’s Managing Director for Africa, said that while the challenges faced by Africa’s sugar producers shouldn’t be underestimated, the new report produced with the ISO pointed to an industry primed for growth on the back of anticipated increased consumption across the continent and higher levels of output in sub-Saharan Africa.
“Regional demand for sugar is expected to rise in the coming years, driven up by Africa’s population growth and drawing a line under declines triggered by the Covid-19 pandemic,” she said. “With sub-Saharan Africa’s per capita sugar consumption currently standing at around half of the global average, the opportunities to help meet increasing domestic need by boosting production are considerable.”
The study on Africa’s sugar industry forms part of a series of tailored reports that OBG is currently producing with its partners, alongside other highly relevant, go-to research tools, including a range of country-specific Growth and Recovery Outlook articles and interviews.
The focus report is available to view and download by clicking here.
- If any person should be prosecuted over Saglemi, it should be E. T. Mensah – Stan Dogbe
- UG to cough up $165m judgment debt for abrogating Africa Integras partnership
- Saglemi saga: Former Housing Minister, Collins Dauda granted self-recognisance bail
- 2020 NDC Parliamentary Candidate for Efutu acquitted and discharged
- Kissi Agyebeng is new Special Prosecutor
- Tokyo 2020: Ghana’s 4×100 men’s team qualify for final after breaking national record
- Whether through courts or by-election, I don’t see anything changing in Assin North – Brogya Genfi
- Government is on course to fix the country – Akufo-Addo
- I don’t regret appointing Martin Amidu as Special Prosecutor – Akufo-Addo
- Playback: NPP commemorates 29-year anniversary
Livestream: PM Express discusses ‘challenges with housing, land and mortgage in Ghana’
Man, 35, kills pregnant wife, commits suicide at Ankwa Doboro
Saglemi Housing Project: Parliament was not kept in the dark – Sammy Gyamfi
I will suppress and repress corruption – Special Prosecutor
Volta residents frightened over rise in Covid-19 in the region
18-year-old son of Michael Ballack dies in quad-bike accident
Members of Alavanyo Educational Development Forum and Friends of ASTECH presents furniture to Alavanyo SHTS
Man City sign Jack Grealish from Aston Villa for £100m
Islamic school for the blind under construction in Accra and Kumasi
Ag. IGP meets #FixTheCountry conveners after Aug 4 demo
Parliament’s Energy and Finance Committees recommend purchase of stakes in Aker Energy, AGM oil blocks
FixTheCountry: Campaigners must be clear on what they want government to fix – Dr Asah-Asante
Barcelona say Lionel Messi will not stay at club
FixTheCountry: Protests are feedback that government must take seriously – Dr Asah-Asante
Assin South District Directorate of MoFA enforces measures to protect 80 poultry farms against Bird Flu