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Standard Bank to host landmark regional sugar summit this week

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Standard Bank Eswatini Chief Executive Mvuselelo Fakudze (R) and Ubombo Sugar MD Muzi Siyaya. (File pic)
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MBABANE – The upcoming Standard Bank Regional Sugar Summit is expected to place the future of Southern Africa’s sugar industry under sharp focus.

Government officials, financiers, agribusiness leaders and producers are set to converge at the Simunye Country Club on Friday for high-level discussions on sustainability, trade, climate resilience and industrial transformation.

The summit comes at a critical time for the regional sugar sector, which is facing mounting pressure from climate change, volatile global sugar prices, changing consumer preferences, rising production costs and growing competition in export markets.

At the same time, opportunities are emerging through renewable energy, value addition, regional trade integration and technological innovation.

The event programme shows that the summit will not merely focus on sugar production itself, but on how the broader value chain can evolve into a diversified and future-fit economic driver for Southern Africa.

Discussions are expected to revolve around financing agricultural value chains, expanding intra-African trade, embracing climate-smart agriculture, strengthening irrigation infrastructure, boosting renewable energy generation and positioning the sugar industry as a modern bio-industrial platform.

One of the central themes expected to dominate the summit is regional collaboration. Organisers have structured the programme around the idea that Southern African sugar-producing countries can no longer operate in isolation if they are to remain globally competitive.

The opening discussions will focus on positioning Southern Africa’s sugar sector for sustainable growth, with emphasis expected to be placed on unified regional strategies aimed at strengthening intra-African trade and enhancing value chains under frameworks such as the African Continental Free Trade Area (AfCFTA).

The programme indicates that delegates will also examine the role of innovation, research and climate-smart agricultural practices in improving productivity while ensuring long-term sustainability.

Standard Bank Eswatini Chief Executive Mvuselelo Fakudze is expected to address the importance of collective action among policymakers, investors and industry stakeholders in navigating changing global market conditions and climate-related challenges affecting the sugar sector.

Another major focus area will be Eswatini’s role as one of the region’s leading sugar producers and how the industry contributes to rural livelihoods, employment creation and community development. According to the programme, discussions will highlight the importance of enabling policies that can attract investment, encourage innovation and support environmental stewardship within the industry.

*Full article available on Pressreader*  

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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.

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