Sudan sugar maker plans Hong Kong IPO
- Reuters
- 18 Mar 2012
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.
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.
The Sudanese finance and national economy minister Ali Mahmood Abdel-Rasool said that his government welcomes an initiative by Saudi King Abdullah Bin Abdel Aziz to work towards Arab food security through the implementation of major economic projects in Sudan.
Sudan's President says his government gave Qatar 250,000 acres of land in the Nile River state but the project was put on hold because China cancelled a loan that was needed to extend electricity in the area.
Al Ghurair Foods is acquiring 100,000 hectares of farmland in Sudan to grow grain, a move in line with the UAE's efforts to address food security concerns, according to company chairman Essa Abdullah Al Ghurair.
New studies released in London today suggest that the frenzied sell-off of forests and other prime lands to buyers hungry for the developing world's natural resources risk sparking widespread civil unrest—unless national leaders and investors recognize the customary rights of millions of poor people who have lived on and worked these lands for centuries.
Large-scale land investment should be seen as an extension of the historical processes of state formation, says this paper from Chatham House
Chairman of National Transitional Council says Libya will make major direct agricultural investments in Sudan and other countries close to Libya.
Arab Authority for Investment calls for cooperation between governments and private sector to establish gigantic agricultural projects based on strategies aiming to boost food security across Arab World.
Government plan to revive economy by selling fertile land to investors sparks anger. Al Jazeera reports.
The conference reviewed the experience of Al-Rajihi International Group in Sudan and Al-Kharif Investment Company in the field of food production as well as the National Company for Agricultural Production in Sudan.
Editor of Banking Magazine, El Tijani Hussein Al Khabeir, says that Sudan is capable of feeding one quarter of world population and five folds of Arab countries population
After talking with Sudanese decision makers and visiting agricultural projects, Eckart Woertz finds that Gulf countries are only engaging reluctantly in agro projects in Sudan.