28 January 2013

Burundi: Sugar Production At New High

Bujumbura — Burundi's only sugar manufacturing plant, La Société Sucrière du Moso (SOSUMO) has registered the highest production ever, with 23,149 tons of sugar produced in its 25th year of production.

The largest production of sugar ever recorded was in 1998 when the production reached 21,691 tons. According to the Sales Manager, Jean Claude Cibogoye, the factory, situated in Rutana Province, South-east of Burundi, had a successful production rate at 217,624 tons.

Being the sole sugar producing factory, SOSUMO plays an important role in the increase of the economy of Burundi.

According to official records in the ministry of finance, it has already deposited an amount of 87.1 billion BIF into the public treasury account with 33.6 billion BIF deposited during the last two years alone.

The efforts to increase the quantity of produced sugar led to the raising of its operating profit from 467.4 million BIF in 2008 up to 2.4 billion BIF during the year 2012.

These efforts also stabilized the sugar market since September 2012, as opposed to previous periods that were marked by an unstable sugar market shaken by strong speculation and the illicit increase of sugar prices.

The Moso Sugar Company is endowed with a huge potential and is moving forward with several developments.

These include among others: the project of extension of the fields of plantations of sugar cane and the rehabilitation of the factory. With combined efforts of all the partners (BRARUDI, ECOBANK and the Government of Burundi)

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