Illovo Sugar – Malawi Freedom Network

Oct212022 by Suleman ChiteraNo Comments

Malawi Sugar Price Up

National

Malawians have to dig deeper into their pockets to manage a packet of sugar as the product's local manufacturer Illovo has adjusted prices upwards. The last time prices of the product were adjusted upwards was in May this year. Consumers will now have to part ways with K1500 to purchase a 1KG packet of brown sugar and K1660 for a 1KG of white sugar. According to a statement from the public listed company the decision is to deter illegal exports into neighbouring countries and ensure sustained availability of the product. The statement indicates that due to exchange rates developments between Malawi kwacha and currencies of Tanzania, Mozambique and Zambia, exports from Malawi are cheaper which has created room for illegal exports of sugar which may result in scarcity of the produc...

Aug312022 by Suleman ChiteraNo Comments

Illovo Sugar Donates 150 million kwacha to MUST

Education

Illovo Sugar (Malawi) plc has donated 150 million kwacha to Malawi University of Science and Technology (Must) towards the university's Endowment Fund. Speaking during the official presentation of the donation at the university today Illovo Human Resources Director Khumbo Banda said the company decided to donate the money due to the sustainability of the strategy, in which the principal is continually preserved and only a proportion of the yield is spent. According to Banda, the donation is meant for girls pursuing science courses as they noted gaps between male and female students in sciences. She said: "Most of the times we are asked to help specific students but you sponsor one and it ends there. This endowment fund is sustainable in that it sponsors more than one student over...

Aug152022 by Malawi Freedom NetworkNo Comments

ILLOVO LAUNCHES EVERYDAY CHEF

Stories

Illovo Sugar Limited has urged its customers to extend sugar use into other meals other than tea and porridge. Speaking during the 2022 Everyday Chef competition launch which took place at Mount Soche Hotel in Blantyre, the managing director of the company, Lekani Katandula, said the approach will be a win-win situation for both the consumers and the company. “We want to celebrate the various ways that sugar can be used. Looking across the world we see that there are many more uses of sugar and also we want our consumers to explore and see what more people can do with sugar. We are giving the entrepreneurs a platform to showcase what they can do,” He said. Among others, the launch was dominated by a cooking competition where the contestants used sugar to prepare different meals. ...

May122022 by Suleman ChiteraNo Comments

Salima Sugar To Hit Malawi Market In Two Weeks Time

National

-As people still facing sugar shortage in shops, one of the county’s sugar manufacturing companies Salima Sugar Company Limited says its product will be on Malawi market in the next two to three weeks. In a statement, the company says is aware of the sugar scarcity in the market. The company says the date of the production commencement which is decided by the end of rainy season with a grace period for the soil to dry and the serial ripening of the cane crop. Salima Sugar ready in next two weeks“However, to address the severe shortages that have hit hard the country, we will commence sugar production by 15th May, 2022. This will help us plan the distribution to cover the country by end of May, 2022,” reads the statement in part. Meanwhile, the company has urged the its cus...

May82022 by Malawi Freedom NetworkNo Comments

Sugar Is Available On The Market.

Stories

Illovo sugar Malawi has assured Malawians that it has started oversupplying the market in order to ensure that enough sugar is available on the market. Illovo sugar Malawi Managing Director Lekani Katandula said this on the sidelines of a visit by the minister of trade and Industry. Katandula said the company is now able to supply over 660 tones of sugar which is above normal supply. He said this will reduce demand on the market which will in turn restrain the increase of the price of the commodity. He has since disclosed that on Friday the company has managed to supply 700 metric tonnes of sugar on the local market. The minister of trade and Industry is visiting the Illovo sugar factory to appreciate what the company is doing in the wake of the scarcity of sugar.

May62022 by Malawi Freedom NetworkNo Comments

Shops Run Out Of Sugar

Business

There is a shortage of sugar on the market and in shops where the commodity is available, traders have hiked prices. A spot check in Lilongwe has indicated that major retail shops have run out of sugar. In some shops where the commodity was found, the price has been hiked from K900 to K1300 per one kilogramme packet. No Sugar in Zomba, consumers were captured by the local media scrambling for sugar in shops. A consumer said he has been buying a one kilogramme packet of Sugar at K2000. Last week, Illovo Sugar Malawi said every time the country is in wet season, there are always problems of cane transportation from the fields to the factory due wet grounds. The company further indicated that as a safety measure to avoid vehicles being stuck in the fields, cane haulage usu...

Apr42022 by Suleman ChiteraNo Comments

Sugar Recommended Price Is k900- Illovo

Local

Illovo managing director Lekani Katandula has warned traders in the country against overpricing sugar. Katandula has said that the recommended sugar price in the country is k900. Katandula was speaking during a vehicle handling ceremony in Nsanje district where Veronica Ngamwani won a Nissan N200 in illovo's competition called 'Iponyereniso kwa kuya'