from DION HENRICK in Cape TownCAPE TOWN, (CAJ News) – INCREASED demand for sugar is paving the way for the expansion of the industry in Africa. This is according to a report by the Oxford Business Group (OBG), a global research and advisory company. The industry is 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,” said Karine Loehman, OBG’s Managing Director for Africa. It 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.

Source: The North Africa Journal June 22, 2021 13:51 UTC