Home Business ABF Sugar reaffirms long-term commitment to Eswatini growth
Business

ABF Sugar reaffirms long-term commitment to Eswatini growth

Share
The Minister for Commerce, Industry and Trade Manqoba Khumalo (c) recently met with ABF Sugar CEO Paul Kenward (2nd L) on the sidelines of the 34th International Sugar Conference, along with ABF Sugar Chief Financial Officer Lekani Katandula, Eswatini’s High Commissioner to the UK,Thandazile Mbuyisa and Ubombo Sugar MD Muzi Siyaya. (Courtesy pic)
Share

MBABANE – The Minister for Commerce, Industry and Trade, Manqoba Khumalo, has secured renewed assurance of continued investment into Eswatini’s sugar sector following high-level engagements with ABF Sugar executives in London.

The minister met with ABF Sugar CEO Paul Kenward on the sidelines of the 34th International Sugar Conference (ISO), where the Group CEO reaffirmed ABF Sugar’s commitment to long-term investment, sustainable growth and deeper collaboration with Eswatini.

The meeting was attended by Ubombo Sugar Managing Director Muzi Siyaya, who is part of the Eswatini delegation to the ISO conference, alongside ABF Sugar Chief Financial Officer Lekani Katandula and Eswatini’s High Commissioner to the UK, Thandazile Mbuyisa.

The discussions underscored the strengthening ties between Eswatini and the United Kingdom, and the shared vision for expanding the country’s sugar industry.

Following the meeting, Kenward praised Minister Khumalo’s leadership, describing him as ‘a thoroughly modern minister and a true partner to our business in Eswatini, Ubombo Sugar Limited.’ He added: “Our two kingdoms in Europe and Africa have much in common and stand proudly together. Proud to be an investor in USL and Eswatini.”

Khumalo welcomed ABF Sugar’s ongoing efforts and emphasised that sustained private sector investment is key to supporting national development, increasing export earnings and advancing rural livelihoods.

“Eswatini values ABF Sugar’s long-standing partnership and the company’s contribution to economic growth, job creation and technological transformation,” he noted.

Ubombo Sugar Limited, a subsidiary of ABF Sugar, described the engagement as yet another milestone in a partnership that continues to shape Eswatini’s industrial and agricultural landscape.

Founded in 1956, Ubombo Sugar remains one of Eswatini’s most influential agro-industrial enterprises. The company produces approximately 265 000 tonnes of sugar annually and maintains strong relationships with diverse suppliers including large-, medium- and small-scale farmers, as well as technical partners such as engineering and automation firms.

As Ubombo has expanded, it has also moved into the energy sector with innovations in renewable power generation – positioning the company as a dual contributor to both sugar production and domestic energy resilience.

ABF recently published an update highlighting significant progress in its long-term growth strategy for the country. Central to this is a two-phase factory debottlenecking programme that will enable the Ubombo mill to process 20 per cent more cane.

According to ABF, these upgrades will allow Ubombo Sugar to increase production by an estimated 47 000 tonnes annually over the next five years.

*Full article available in our publication

Share
Written by
Nhlanganiso Mkhonta

Nhlanganiso Mkhonta serves as Business Editor at the Times of Eswatini. He reports on business, economics, finance, investment, entrepreneurship and public policy, producing insightful coverage and analysis of the issues driving Eswatini’s economy and the wider African business environment.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Customary marriages declared in community of property

MBABANE – The High Court has declared the long-standing practice of treating marriages under Eswatini Law and Custom as being out of community...

Inyatsi Construction building foundations of First World future

For more than four decades, Eswatini has witnessed one of the most significant periods of infrastructure development in its history. Under the leadership...

No more USA Visa processing in Eswatini

MBABANE – In a move that will significantly alter travel logistics for Eswatini nationals, the United States Embassy in Mbabane will cease accepting...

King moves to save Ncangosini residents from eviction

KONTSHINGILA – Hundreds of residents living on a privately owned farm at Ncangosini, Kontshingila, are set to be spared from eviction after an...

Each MP set for E1m handshake

MBABANE – When the 12th Parliament assumed office in 2023, an ordinary Member of Parliament (MP) was earning a basic monthly salary of...

Related Articles

Eswatini among southern Africa’s fastest-growing economies

MBABANE – Eswatini is expected to remain among Southern Africa’s strongest-performing economies...

ERS coming for high-net-worth individuals

MBABANE – Eswatini Revenue Service (ERS) is seeking to ensure wealthy individuals...

SA economic woes cast shadow on Eswatini 

MBABANE – Eswatini remains one of Southern Africa’s stronger fiscal performers, although...

SADC banks resilient despite global economic pressures

EZULWINI – Regional banking systems have remained sound and well-capitalised despite mounting...