Kenana

Dubai-based agriculture and food company Phoenix Group will invest in debt-laden Kenya operations of rose exporter Karuturi Global Ltd.

Kenana, which is mainly owned by the governments of Kuwait, Saudi Arabia and Sudan, is aiming to more than double its annual sugar output to 1 million tonnes by 2015 as the firm seeks new export markets

Kenana Sugar Company is the head of the spear of the Sudanese project for agricultural development. While governments and Arab companies discuss strategies for the sector, the organisation plans to invest US$ 2 billion over the next five years in several expansion projects.

Kenana Sugar Company announces the launch of MAHASEEL Agricultural Investment Fund, an agricultural investment fund with estimated $1 billion in collaboration with CIFG an international financial group, a subsidiary of France's Groupe Caisse d'Épargne.

Kenana, Sudan's biggest sugar company, is planning to raise $200 million listing a quarter of its shares in Hong Kong in December, to finance new projects.

Beltone Private Equity and Kenana Sugar Company have signed an agreement to create the MAHASEEL Agriculture Investment Fund, aiming to deploy up to $1 billion in large-scale agriculture projects in Sudan and Egypt.

The fund is targeting individual investors and institutions as well as government-owned funds in the region, and will focus on the production of crops and livestock in Sudan and food processing in Egypt.

A delegation of top Kenana Sugar officials is in Doha to hold talks with Qatar’s Hassad group to create one of the world’s biggest food producing companies with a view to ensuring food security in the Arab world.

Sudan's Kenana sugar company -- part-owned by the governments of Sudan and Saudi Arabia and the Kuwait Investment Authority, among others -- will manage more than 300,000 acres of farm land in a long-term project that aims to make Africa's largest country the bread basket of the Middle East within 10 years, officials said on Sunday.

Egyptian private equity firm Citadel Capital is investing in 210,000 ha of farmland in Sudan, where it got the right to the land for 99 years.

Egypt's Beltone Private Equity and Sudan's Kenana Sugar Company have agreed to set up a firm to invest up to $1 billion in large-scale agriculture projects in both countries, Beltone said in a statement on Wednesday.