(Ecofin Agency) - SUCAF CI, a subsidiary of French agribusiness group SOMDIAA, plans to inject CFA84 billion into the Ivorian sugar sector. The information was disclosed on February 6th by Alexandre Vilgrain, SOMDIAA’s managing director.

Speaking during an audience with the country’s Prime Minister Amadou Gon Coulibaly, the executive said that this investment is intended to bridge the domestic market’s deficit and subsidize sugar export to promote its competitiveness.

SUCAF, created in 1997 following sugar sector’s privatization, manages two sugar factories in Ferkessedougou, in the Northern part of Côte d'Ivoire. These facilities have a total production capacity of 105,000 tons of brown and white granulated sugar, produced on 14,600 ha of sugarcane plantations.

Espoir Olodo