Two Factories to Produce Sugar in Sudan & TanzaniaSource: www.export-egypt.com 9/4/2012, Location: Africa |
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The Egyptian-African company for investment and development has decided to invest a total of US$400 million to establish two sugar mills, one in Sudan and the other in Tanzania, in order to meet local demand and export surplus to neighboring and European Markets. The company established by both the National Bank of Egypt and Banque Misr on one hand and a number of businessmen on the other succeeded in providing necessary funds from the African Bank for Development and some French establishments.
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