WAAREE Energies, India's largest solar module manufacturer has strengthened its presence in West of African continent by opening franchise in Conarky.
[Africa Business Panel] 6 percent of African Business Professionals expect their companies not to survive the Covid-19 Crisis
About 2/3 of the African companies (62%) say they are struggling but will survive. Almost a third of companies (29%) say they are doing well and the near future is looking good
A new report from IFC and the World Bank focused on the health of Nigeria’s economy finds that a broader private sector-led growth strategy could help Nigeria realize its immense potential by attracting more investment.
BUA Cement has appointed Jacques Piekarski, as the new Chief Financial Officer.
Africa Medical Supplies Platform, bioMérieux partner to facilitate supply of high-quality COVID-19 diagnostics
bioMérieux and the Africa Medical Supplies Platform (AMSP), have partnered to facilitate the supply of high-quality diagnostic solutions from the bioMérieux Pandemic Response Portfolio to African Union Member States.
We have a great advantage in Kenya as a nation of young, vibrant and highly creative youth.
Mabati Rolling Mills (MRM), a member of the Safal Group, launched SAFBUILD manufacturing plant at its Athi River facility in Kenya.
Shanta Gold, East Africa-focused gold producer announced the expansion of processing capacity at the New Luika Gold Mine (NLGM).
Unilever Southern Africa has partnered with the Department of Small Business Development to increase investment in Small, Micro and Medium Enterprise (SMMEs) development.
The Principality of Monaco signed its first funding agreement with UNIDO and the two parties have agreed a tripartite declaration together with the Union for the Mediterranean on empowering women in Tunisia.
eoStar announced it has integrated with Microsoft to provide Coca Cola Beverages Africa (CCBA) the opportunity to meet sales and delivery needs across their value chain.
IMPACT’s newest report reveals how the Democratic Republic of Congo’s (DRC) illicit gold trade continues to thrive despite efforts to clean up the sector.
Egyptian luxury bedding supplier Pure Parima, will be adding brand new sheet colors called Spa and Linen to its Yalda and Ariane product lines.
Pearl Dairy Farms is now exporting its range of milk powder products to Ethiopia, Malawi and South Sudan underpinned by the ratification of the Africa Continental Free Trade Area (AfCFTA) agreement.
BUA Group signed an agreement with Axens of France for the supply of process technologies for its upcoming 10million tonnes per annum mega refinery and petrochemicals facility to be sited in Akwa-ibom, Nigeria.
British American Tobacco Kenya (BAT Kenya) appointed Ms. Rita Kavashe, MBS, as the Chair of the Company’s Board, effective 1st September 2020.
The Absa Purchasing Managers’ Index (PMI) posted a robust increase to 57.3 index points in August, up from 51.2 in July.
The euro found strong resistance around the 1.20 level versus the US dollar yesterday, before ending the trading session sharply lower following some contrasting economic news between the US and Euro Area.
IFC announced a financing package to help Engee Manufacturing, a leading Nigeria manufacturer of PET resin to build a Continuous Polymerisation PET Resin plant in Ogun state.
Imperial Logistics acquired a 49% shareholding in Pharmafrique (trading as Kiara Health), an African pharmaceutical manufacturing and healthcare services company based in Johannesburg South Africa.
The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo commissioned the Ekumfi Fruits and Juices Factory, a project initiated under the One-District-One-Factory initiative of the Government.
Sasol has selected seven small, medium and micro enterprises (SMMEs) from in and around Sasolburg in the Free State to take part in its newly launched 24-month Sasol Business Accelerator (SBA) programme.
In a first on the African continent, South African manufactured ventilators are in production and the first life-saving machines will be ready in a few weeks’ time.
As a part of the ongoing strategic review, the Fagerhult Group investigates different exit options for its South African business, Lighting Innovations Africa.
CIMERWA, Rwanda’s only integrated cement manufacturer has received approval from the Capital Markets Authority and the Rwanda Stock Exchange to list its shares on the RSE.
The National Pension Scheme Authority (NAPSA) has invested a total $3.2 into three fruit processing factories through a short-term loan financing facility to the Industrial Development Corporation (IDC) in Zambia.
OCP Group and its German and Belgian partners, Budenheim and Prayon, are launching the building of a new plant for the production of purified phosphoric acid, through their subsidiary Euro Maroc Phosphore (EMAPHOS).
Jubilee Metals announced that in line with its stated strategy to expand operations in Zambia, it has signed a Joint Venture Agreement with a private Zambian company securing the rights to process 2 million tonnes copper Run-Of-Mine material.
For many small businesses who are navigating these difficult times, they will testify to the fact they keep being bombarded with the word, ‘Adaptation’.
With the COVID-19 pandemic continuing to devastate economies around the world, Africa is set to experience its first recession since the 1990s, threatening to undo two decades of growth and development.
The European Investment Bank (EIB) and the Afreximbank are directing €300m of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic.
The Absa Purchasing Managers’ Index (PMI) for July declined slightly compared to the previous month, but continued to signal a further month-on-month improvement for conditions in the manufacturing sector.
Alternet Systems, Inc., ALYI, has confirmed plans for producing and selling electric delivery trucks in Africa made of hemp and powered by hemp batteries.
Jack Ma Foundation’s Africa Netpreneur Prize Initiative selects Top 50 Finalists of 2020 Africa’s Business Heroes Competition
The 2020 Africa’s Business Heroes prize competition has shortlisted the top 50 finalists from stage one of the selection process.
[South Africa] Sibanye-Stillwater, AngloGold, Sasol and Imperial join forces to distribute hand sanitisers
Sibanye-Stillwater, AngloGold Ashanti, Sasol and Imperial Logistics have formed a strategic partnership which will see Sibanye-Stillwater distributing hand sanitisers produced by Sasol to schools, health facilities and taxi ranks.
IFC announced a $50 million loan to Equity Bank Kenya to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients.
The Kenya Association of Manufacturers (KAM) has appointed Mucai Kunyiha as the new National Chairman to lead the organization for a two-year term.
A six-year project to develop industrial skills among Ghana’s workforce has improved the engineering and manufacturing skills of young people, promoted economic competitiveness and contributed to an improvement in the quality of life.
IFC announced a $12 million loan to Rider Iron and Steel Ghana to support the company’s construction of a steel manufacturing plant that will increase Ghana’s domestic steel production, creating thousands of jobs.
Illicit trade has a detrimental impact on the substantial growth of legitimate business in the country.
IFC announced it will provide €23 million in financing to Tunisian company One Tech Holding to spur job creation and economic growth in Tunisia and Morocco.
Australian exploration company Pensana Rare Earths has listed its Longonjo project in Angola on the London Stock Exchange, representing the U.K.’s first resources-focused IPO since COVID-19.
[Nigeria] Mammoet completes heavy lifting and transport scope for the world's largest single train petroleum refinery
With the final 1,240 tonnes propylene mounded bullet installed at Dangote Petroleum Refinery and Petrochemical complex in Nigeria, Mammoet is demobilizing equipment it has deployed there.
BUA Cement to establish ultramodern 3,000,000 metric tonnes cement plant, 50mw power plant in Adamawa, Nigeria
West Africa’s BUA Cement announced it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria.
The Minister forTrade, Industry and Competition issued a trade policy directive to the International Trade Administration Commission of South Africa to urgently look into measures to help support the metals industry.
The Minister for Trade, Industry and Competition (the dtic) , Mr Ebrahim Patel gazetted amendments to the Sugar Industry Agreement and South African Sugar Association Constitution.
The role of procurement is about ensuring that business operations continue like clockwork no matter how disrupted the business environment is.
British American Tobacco Kenya plc (BAT Kenya) has held its 68th Annual General Meeting that has seen the company launch its new corporate purpose.
Absa Capital Markets Nigeria, acting as joint lead issuing house, successfully completed Dangote Cement debut Series 1 bond offering, allocating NGN 100 billion in 5-year fixed-rate senior unsecured bonds.
[South Africa] Sasol announces beneficial operations of fifth and sixth Lake Charles chemical project facilities
Integrated chemicals and energy company Sasol announced that the Guerbet alcohol unit at our Lake Charles Chemicals Project achieved beneficial operations, three days after achieving beneficial operations on the Ziegler alcohol unit.
The President of Dangote Group said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries where the company has its operations.
[Column] Phyllis Wakiaga: Kenya economic recovery is anchored on saving lives and securing livelihoods
The International Labour Organization (ILO) highlights that protection of workers and their families from the risk of infection should be a top priority for all economies at this time.
Dangote Cement has set the pace with the exportation of 27,800 metric tonnes of clinker to a neighbouring African country.
Up to 81 per cent of local manufacturers have stated that they are hopeful that they will hold steady through the pandemic and continue to play their role in creating wealth and productive jobs for all citizens.
With the recent ‘AfricaConnect’ €400 million initiative under DEG’s management, the German Development Ministry is looking to increase private sector investments and cooperation with the African continent.
For the third time in a row, Dangote has emerged as the most admired African brand, of African continent origin, by consumers, paired with the telecommunication giant, MTN.
Gates Corporation, a leading global provider of application-specific fluid power and power transmission solutions, announced that Josef Parzhuber has joined the organization as president, EMEA.
The African Union Development Agency (AUDA-NEPAD) and the Council for Scientific and Industrial Research (CSIR) are strengthening their partnership through formalised technical cooperation to accelerate technology development in Africa.
Manufacturers and distributors are operating in intensely pressured times. Stats SA reported that manufacturing output contracted for the ninth consecutive month in February of 2020.
The Cargill Cocoa & Chocolate 2018-2019 Sustainability Progress Report has highlighted how Cargill is using technology to connect every dot in the cocoa supply.
Procter & Gamble, Cargill partner to bring nature-powered innovation, fuel the future for more sustainable products
An innovation developed in the corporate R&D labs at P&G that converts lactic acid into bio-based acrylic acid could be a helpful step to shift everyday goods to be made from annually renewable crops.
Promasidor Nigeria, a consumer goods manufacturer says it has committed $5 million to jumpstart Ikun Dairy Farm in Ekiti State as it looks to bolster the economic prospect of the state.
Necessity is the mother of all inventions. We are witnessing an increase in innovations as the world races to develop a vaccine to treat COVID-19.
Mukwano Industries has grown into one of the leading FMCG conglomerates in East Africa, with interests that include manufacturing, agriculture and property development.
The business activity index of the Absa PMI survey crashed to an all-time low of a mere 5.1 index points in the month of April.
Acting Communications and Digital Technologies Minister has signed and gazetted directions allowing electronic communication services and network services, advertising agencies, film and television production companies to resume operations.
The Association of Equipment Manufacturers (AEM) submitted its industry’s priorities for the proposed United States-Republic of Kenya Trade Agreement.
Mauritius will set up a technical team to conduct a review of the industrial sector in the country, as well as propose recommendations for the consolidation of the local industry.
Manufacturing, logistical supply chain constraints inhibit vendors' capacity to address high demand for mobile PC devices in EMEA, IDC
The Europe, Middle East, and Africa (EMEA) traditional PC market declined YoY in 20202Q1 and totaled 16.4 million units, according to International Data Corporation (IDC).
Countries across sub-Saharan Africa are actively seeking to reduce their dependence on food imports and grow local manufacturing.
Dutch development bank FMO has invested $25 million in African Development Partners III targeting companies in the food & agriculture, manufacturing and other sectors.
[South Africa] Construction, manufacturing businesses temporarily halt operations amid Covid-19, survey
The results of a rapid response survey conducted by Stats SA during the lockdown was has been released.
With two of the continent's most ambitious industrial projects underway, Nigeria's Dangote Group has achieved the seemingly-impossible with an SAP-led digital transformation that was completed in record time.
Nordgold has signed an Engineering, Procurement and Construction agreement with SUMEC to design and construct a 33 megawatt power plant at its Lefa mine, one of the largest gold mines in Guinea.
Kenya Association of Manufacturers (KAM) has launched an online directory of locally manufactured goods, in the wake of the confirmation of coronavirus (COVID-19) cases in the country.
[South Africa] Sasol, government partner to produce unique blend of alcohol-based chemicals for hand sanitisers
Sasol has partnered with the government to develop a new unique blend of alcohol-based chemicals to be used in manufacturing of hand sanitisers to help address the increase in market demand for the product.
The EBRD is helping to develop the olive oil sector in Morocco with a loan of up to MAD 55 million to Al Dahra Holding subsidiaries, Al Dahra Morocco Factories and Al Dahra Morocco.
Kenya has now joined six other African countries in commercial cultivation of Bt cotton.
As economies take a hit from the impacts of the Coronavirus pandemic, the crisis is birthing opportunities and continues to create crucial lessons on resilience and adaptation especially in Africa.
Unilever contributes more than 100 million euro to continue helping people affected by the corona crisis
Unilever, the consumer goods manufacturer of brands including Dove, Knorr, Omo and Lifebuoy, today announced a wide-ranging set of measures to support global and national efforts to tackle the coronavirus pandemic.
South African-based sugar producer, Tongaat Hulett is set to resume operation at its Mozambican subsidiaries, the Xinavane and Mafambisse sugar mills by April with an investment of about $29.5 million.
As part of the global supply footprint development strategy in its Minerals operations, Metso is initiating consultations to evaluate the potential closure or other alternatives for its operations in Vereeniging, South Africa.
TOMRA has opened new regional headquarters in Johannesburg to strengthen its commitment to customers in South Africa, Kenya and Tanzania.
A group of Black Industrialists from South Africa will get an opportunity to seek investment and trade opportunities in Tanzania when they participate in a trade mission to Dar es Salaam this month.
Automotive industry continues to reflect power of good industrial policy in South Africa,Trade Minister
The automotive industry in South Africa has continued to reflect the power of combining good industrial policy and foreign direct investment and it remains the backbone of the country’s industrialisation drive.
The UK launched the second round of a business innovation challenge fund that will see an additional 5 promising businesses receive grant funding and technical assistance of up to KES 13,000,000 each.
Dangote Fertiliser has begun countdown to the inauguration of its $2 billion Granulated Urea Fertiliser complex located in the Dangote Free Zone.
The Mastercard Foundation Centre for Innovative Teaching and Learning in Information, Communications, and Technology (ICT) has announced the first 12 African EdTech startups for its first cohort.
KwaZulu-Natal based manufacturers, Inverness Beverages and Energy Supplements are marketing their healthy alternative and meal supplements products at the Gulfood Exhibition, currently taking place in Dubai, United Arab Emirates.
South Africa’s energy transition is poised to unlock economic growth and deliver thousands of much needed new jobs, at a time when the country faces staggering unemployment rates that threaten to continue well into the new decade.
East African Community partner states have been directed to enforce relevant laws to effectively ban the manufacture and use of plastic carrier bags with immediate effect.
Norfund has announced the launch of its strategy in East Africa for the next three years, which includes scaling up investments in the manufacturing and agribusiness sectors.
The Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) to 8.25% from 8.50%, citing a backdrop of domestic macroeconomic stability, potential risks to food supply and increased global uncertainties.
The Board of Directors of Unilever Nigeria has appointed Mr Carl Raymond R. Cruz to the Board as the Managing Director, effective 1 February, 2020.
Ezdehar Management has acquired an undisclosed stake in Rich Food Industries, a fast-growing manufacturer of convenience foods focused on the animal protein segment in Egypt.
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is now providing funds from the AfricaConnect programme to help set up a chocolate production facility in Ghana.
Lafarge Africa has appointed Mr Khaled Abdelaziz El Dokani as its group managing director/cheif executive officer.
During the World Youth Forum, the Director General of UNIDO met with President of the Arab Republic of Egypt to discuss the UNIDO flagship project in Egypt, the Programme for Country Partnership (PCP).
The African Export-Import Bank (Afreximbank) is in the process of identifying projects in the key sectors of Cameroon to assist the country to achieve a rapid transformation of the economy through trade.
Ghana’s economic growth has been strong over the past decade, with annual GDP per capita growth at 4.4 percent between 2006 and 2017.