Victoria Sugar Ltd Receives 2026 African Development Entrepreneur Award for Industrial Contributions
Victoria Sugar Ltd was awarded the 2026 African Development Entrepreneur Award by the Pan-African Pyramid for significant contributions to Uganda's industrial growth and economic development. The company has invested over $200 million since its establishment in 2018 and has generated substantial tax revenue while promoting local production and energy sustainability.
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Victoria Sugar Ltd was recognized with the 2026 African Development Entrepreneur Award by the Pan-African Pyramid for its role in Uganda's industrialization and job creation. The company has invested over $200 million in Uganda since 2018, contributing more than Shs225 billion in taxes.
Its factory processes around 3,000 tonnes of sugarcane daily, producing 36,000 tonnes of sugar annually, and generates approximately 15 megawatts of electricity, of which 10 MW is supplied to the national grid. The company's diversification into energy generation and plans for biogas highlight its commitment to sustainable practices.
Additionally, Spiro appointed Auroasish Choudhuri as Managing Director for West and Central Africa to drive growth in its electric motorcycle business. UNECA urged Zambia to enhance its manufacturing capabilities by investing in processing and recycling to avoid relying on raw material exports. The integration of MSMEs in the electric vehicle battery value chain is crucial for regional economic participation.
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