Ugandan tycoon to invest billions in Rwanda Sugar Production

Talks between the Government and Uganda-based sugar moguls, Madhvani Group, are at an advanced stage regarding the latter’s plans to expand Kabuye Sugar Works to a production capacity of up to 55,000 metric tonnes a year.

Currently, the plant produces between 10,000 and 15,000 metric tonnes annually.

Madhvani Group, which owns the plant, have already submitted a proposal on the proposed expansion and modalities of cooperation with the government.

Speaking exclusively to The New Times, yesterday, Mayur Madhvani, the Madhivani Group managing director, said under the new proposal, they hope to scale up the production to 55,000 tonnes.

Mayur was in Rwanda where he led a delegation that met officials from Rwanda Development Board (RDB) with whom they discussed the planned investment.

As part of a new investment worth $75 million (about Rwf60 billion), the company will also venture in energy generation where they plan to produce 12 megawatts and six million litres of ethanol annually.

Source: The New Times