Intelligent news from Mozambique

Prospects look bleak for Mozambique sugar ‘mega-project’ after second investor quits

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South African investor, which quit last year, says it still believes in the agricultural potential of Massingir – but local constraints mean the project may never be economic

South African sugar giant TSB, a division of RCL Foods, has walked away from a sugar ‘mega-project’ in Mozambique on what it described as the “best green field site in sub Saharan Africa,” citing excessive demands to invest in infrastructure in the area, and the lack of financial capacity of its local partner.

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