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30-10-2014 23:52:00 | by: Administrator | hits: 26567277 | Tags:

Morocco becomes Africa’s new automotive manufacturing hub
14-10-2021 | 07:42:00
Morocco is currently Africa’s first passenger car manufacturer. Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion exports made in the car industry at the end of 2018.
Nigeria's dried fruit snack company ReelFruit raises $3m Series A funding to expand production
29-09-2021 | 09:41:00
ReelFruit, a premium dried fruit company known for its high quality nutritious snacks, announced a Series A investment of $3 million to expand production with new factory in Nigeria.
[Kenya] AAFA formalizes relationship with KAM to promote economic growth in the apparel and footwear industry
21-09-2021 | 08:23:00
The American Apparel & Footwear Association (AAFA), signed a memorandum of understanding (MoU) with the Kenya Association of Manufacturers (KAM), to collaborate on policy areas that are of mutual to its membership through joint advocacy.
Amethis acquires minority stake in Avacare Global to strengthen African footprint
15-09-2021 | 13:34:00
Africa-focused investment fund manager Amethis announced the acquisition of a minority stake in Avacare, a distributor and manufacturer of pharmaceuticals and healthcare consumable products.
LG sets goal to utilize more than half million tonnes of recycled plastic by 2030
10-09-2021 | 11:25:00
LG Electronics (LG) announced its goal to use almost 600,000 tonnes of recycled plastic by 2030 in a concerted effort to reduce greenhouse gas emissions in the value chain.
Les Ministres de l’énergie des pays du G5 sahel valident la feuille de route régionale de l’initiative Desert to Power
08-09-2021 | 08:46:00
Les ministres de l’énergie des pays du G5 Sahel ont validé la feuille de route régionale de l’initiative Desert to Power, un projet emblématique d’accès à l’énergie durable promu par la Banque africaine de développement.
IFC invests in BCI Holding, creates manufacturing jobs in Egypt, Algeria and Nigeria
08-09-2021 | 08:30:00
A financing package from IFC will help BCI Holding SA, a regional manufacturer and distributor of polyurethane (PU) raw materials, systems and specialities to further expand its production in Algeria, Egypt, and Nigeria.
IFC partners with Rwanda to develop vaccine manufacturing capacity
08-09-2021 | 08:21:00
IFC and the Rwanda Development Board signed a collaboration agreement to develop vaccine manufacturing capacity in Rwanda and contribute to expanding vaccine production in Africa.
[Column] Phyllis Wakiaga: Why Kenya should implement local content policies to steer growth
07-09-2021 | 09:38:41
Businesses continue to be exposed to a constant creation and review of policies, which is tedious and costly. One of the reasons for this is poor structures and reception by institutions that have been put in place to ensure that these policies are of benefit to the people of Kenya.
IFC partners with CEPI to boost vaccine production in low- and middle-income countries
03-09-2021 | 09:07:54
Responding to the stark global gap in vaccine access for COVID-19 and other diseases, IFC has partnered with CEPI, a global alliance, to accelerate development of vaccines against emerging infectious diseases.
[Nigeria] Dangote’s $2 billion petrochemical plant to produce 77 grades of Polypropylene 
03-09-2021 | 08:28:07
Dangote Petrochemical plant, situated alongside the Dangote Refinery, has been strategically positioned to cater to the demands of the growing plastic processing downstream industries; not only in Africa but also in other parts of the world.
[Column] Phyllis Wakiaga: Government policies must support a flourishing local industry
20-08-2021 | 11:58:00
There is a sense of pride, for a country and its citizens, in attaining self-sustenance and economic independence. Central to this is a competitive local industry, producing goods for its domestic and export markets. 
PPG begins automotive OEM sealants production in Morocco
19-08-2021 | 11:00:00
PPG Industries announced the startup of a facility in Tangier, Morocco, that will produce automotive sealants for local vehicle production.
Nutreco enters into two joint ventures with Unga Group to expand East African footprint
05-08-2021 | 10:54:17
The yet to be named joint ventures will focus on fish feed development in East Africa and complete animal feed development in Uganda. The entities will make significant investments in production capacity in both Kenya and Uganda to meet the anticipated future market demand.
Global adhesive manufacturer H.B. Fuller to build new facility in Egypt
04-08-2021 | 11:49:39
H.B. Fuller, a global adhesive manufacturer, has announced a strategic investment to build a new facility in Cairo to support customers’ increased demand in the fast-growing markets of Egypt, Turkey, Middle East and Africa.
New consortium working to boost vaccine production in South Africa
02-08-2021 | 08:31:25
MPP and WHO, Afrigen Biologics (PTY) Limited, Biovac, SAMRC and Africa CDC have signed a letter of intent to address the global imbalance of manufacturing capacity for COVID-19 vaccines.
[Column] Phyllis Wakiaga: Ease regulatory burden for SMEs
02-08-2021 | 07:42:40
They contribute to communities’ unique identities and are the lifeline of any country’s economy, through job creation and as a stepping stone to achieving shared prosperity.
BioNTech to develop the first mRNA-Based Prophylactic Malaria vaccine in Africa
30-07-2021 | 11:17:41
BioNTech SE announced the start of its Malaria project which aims at the development of a safe and highly effective malaria vaccine and the implementation of sustainable vaccine supply solutions on the African continent.
[Column] Phyllis Wakiaga: Why goodwill is essential for lucrative trade relations
22-07-2021 | 09:27:00
Whilst Kenya and Tanzania have for years shared strong trade relations, non-tariff barriers, high cost of production and cheap imports from outside the East Africa Community (EAC) region have impacted trade between the two countries.
Grifols to set up intravenous (IV) solutions manufacturing plant in Nigeria
21-07-2021 | 10:59:00
Grifols, a global producer of plasma-derived medicines and provider of technologies and services for hospitals, clinics and compounding centers, announced it will establish an intravenous (IV) solutions production plant in Nigeria.
Afreximbank, Portugal enter partnership to promote Africa’s textile and manufacturing industry
20-07-2021 | 09:34:00
African Export-Import Bank and Portugal’s National Association of Young Entrepreneurs have announced a 3-year partnership to support and promote Africa’s Fashion Apparel and Textile Manufacturing Industry in Portugal and across Europe.
[Nigeria] Dangote Cement acquires 2,000 trucks for distribution of products
14-07-2021 | 12:42:41
These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4,000 people in Nigeria.
[Column] Bobby Johnson: High cost of inputs hurting steel sector
14-07-2021 | 10:00:31
The demand for steel is increasing in the country, as government-driven infrastructural development, and commercial and residential buildings surge.
IFC, partners support COVID-19 vaccine manufacturing facility of Institut Pasteur de Dakar in Senegal
13-07-2021 | 08:38:00
To scale up the manufacturing of COVID-19 vaccines in Africa, IFC announced a collaboration with the Institut Pasteur de Dakar (IPD), a vaccine maker and non-profit healthcare foundation mandated to support public health improvements in Africa.
AfDB approves $50m loan to FCMB to bolster women-empowered businesses in Nigeria
08-07-2021 | 09:05:00
The African Development Bank (AfDB), approved a loan of $50 million to Nigeria’s First City Monument Bank (FCMB) to channel to local enterprises and women-empowered businesses.
IronRidge partners with Piedmont for lithium production in Ghana
07-07-2021 | 15:41:00
IronRidge Resources entered a conditional binding agreement with Piedmont Lithium to fully fund and fast track the Ewoyaa Lithium Project, part of the Company's Ghanaian Cape Coast Lithium Portfolio (CCLP), to production.
[South Africa] Coca-Cola to open new digital delivery center in Johannesburg
07-07-2021 | 10:27:28
Dublin’s digital hub will play a supporting role in Africa’s maturation process until Johannesburg is equipped to take on the local challenges and unique offerings that ultimately yield innovative, scalable solutions.
IITA signs Aflasafe manufacturing and distribution agreement in Mozambique
07-07-2021 | 10:25:31
Food safety has taken a step forward in Mozambique as IITA signed a Technology Transfer and Licensing Agreement (TTLA) with AflaLivre Moçambique S.A. (AflaLivre) to manufacture and distribute Aflasafe in the country.
[Tanzania] Serengeti Breweries unveils $100 million fund to cushion eateries and bars from COVID-19
02-07-2021 | 12:05:28
SBL’s support comes to light as the world struggles to return to the business from the torment inflicted by the global pandemic.
[Column] Phyllis Wakiaga: Safeguarding consumers from illicit trade
28-06-2021 | 09:05:35
Illicit trade is a longstanding issue, growing in scope and magnitude and derailing economic development. It not only threatens the welfare of consumers but also erodes the market share of genuine manufactured products, threatens the expansion of industries, and hampers the creation of job opportunities.
[South Africa] Government and stakeholders sign Master Plan for steel and metal fabrication sector
25-06-2021 | 13:57:25
South African Minister for Trade, Industry and Competition, Ebrahim Patel, along with industry stakeholders from the steel and metal fabrication sector signed a Master Plan for the sector.
Rockwell Automation opens first training centre in Egypt
25-06-2021 | 13:08:00
Dedicated to supporting the country’s high industrial demand, the new learning centre for system integrators and OEM will enable the full capabilities of Rockwell Automation for its customers and partners in Egypt.
[Nigeria] Dangote Cement announces issuance of N50 billion bonds
23-06-2021 | 09:56:46
Under its new NGN300 billion Multi-Instrument Issuance Programme, Africa’s largest cement producer, Dangote Cement Plc has announced the successful issuance of 50 billion Series 1 Fixed Rate Senior Unsecured Bonds.
Ghana Cocoa Board, Bühler sign agreement to build local processing capacity
22-06-2021 | 12:16:00
The Ghana Cocoa Board (COCOBOD), signed an agreement with Bühler to build Ghana’s local cocoa processing and value addition capacity through training, product development and technology guidance.
[Column] Phyllis Wakiaga: Sustainable manufacturing key for environmental restoration
14-06-2021 | 12:19:12
Sustainable Development Goals (SDGs). Indeed, if the past year is anything to go by, the need to restore the planet has been underscored by the ensuing consequences of the COVID 19 pandemic.
Kenya Association of Manufacturers launches organization to address post-consumer waste
10-06-2021 | 15:40:58
KEPRO brings together players in the value chain and aims to promote collaboration, seek commitment by waste value chain players and support the achievement of a circular economy in Kenya. 
[Column] Phyllis Wakiaga: Invest in women entrepreneurs to improve livelihoods
07-06-2021 | 09:54:40
The resilience of women in entrepreneurship and business does not go unnoticed. It is their agility to overcome archaic beliefs and tough situations that have proven their worth.
[South Africa] SAB Zenzele Kabili lists on JSE's Empowerment Segment
02-06-2021 | 13:07:05
Black South African retail investors will now get the opportunity to invest in the world’s largest beer producer, AB InBev, following the listing of SAB Zenzele Kabili on the Johannesburg Stock Exchange’s (JSE) Empowerment Segment.
IFC, Proparco, DEG and DFC partner to support vaccine and pharma manufacturing in Africa
01-06-2021 | 14:45:00
The International Finance Corporation (IFC), Proparco, the German Development Finance Institution (DEG) and the U.S. International Development Finance Corporation (DFC) announced a partnership to support COVID-19 vaccine manufacturing in Africa.
Inside Africa’s drive to boost medicines and vaccine manufacturing
28-05-2021 | 12:12:18
With COVID-19 vaccine supplies to Africa slowing down, the continent is working to boost its own manufacturing capacities for vaccines, medicines and vital health technologies.
[Kenya] KAM unveils plan to revive sugar industry
26-05-2021 | 13:07:17
This was during the launch of the KAM Sugar Sub-Sector Strategic Plan, which seeks to guide the industry’s growth, resilience and sustainability.
[Column] Phyllis Wakiaga: Kenya tax policies need an overhaul
24-05-2021 | 13:39:00
The only way a nation can succeed in bridging the relationship gap between its citizens and the government – enriching the quality of our democracy and reducing apathy – is through the institution of efficient and fair tax systems.
Kenya organic feed manufacturer Ecodudu begins construction of rearing facility to boost production
24-05-2021 | 13:35:16
The new facility will allow us to significantly increase production of our fertilizer and feed products.
EIB agrees to €170m backing for new National Development Bank of Ghana
21-05-2021 | 10:41:00
President Akufo Addo of Ghana, Werner Hoyer, President of the European Investment Bank and Thomas Östros, Vice President, formally agreed to €170 million EIB backing for the new National Development Bank of Ghana.
The dtic releases auto Green Paper on advancement of new energy vehicles in South Africa
21-05-2021 | 10:08:00
The Department of Trade, Industry and Competition (the dtic) has released a Green Paper on the advancement of new energy vehicles in South Africa as part of a series of policy papers accompanying the 2021 Budget Vote for the Department.
South Africa liquor company DGB taps clouds solution to bolster sales
14-05-2021 | 12:31:31
DGB chose the SAP Sales Cloud Retail Execution (ReX) solution and worked with implementation partner Consnet to design and introduce the solution into the business.
CMA approves Crown Paints Kenya rights issue
12-05-2021 | 15:06:54
The Capital Markets Authority (CMA) has granted approval to Crown Paints Kenya to undertake a rights issue to raise Ksh711,810,000 by issuing and listing 71,181,000 new ordinary shares on the Nairobi Securities Exchange.
KBR awarded engineering contract for BUA's project in Nigeria
12-05-2021 | 09:17:00
Science, technology and engineering solutions provider KBR, announced it has been awarded a contract to complete the Front-End Engineering Design (FEED) for BUA Group's new, modern refinery facility in Nigeria.
Swedish engineering company Sandvik to acquire South African screens and feeders manufacturer Kwatani
11-05-2021 | 13:52:18
Sandvik signed a deal to acquire the South African based company Kwatani, the supplier of screens and feeders for the mining industry.
[South Africa] Kgatelopele Lime acquires PPC Lime for $39.1m
11-05-2021 | 09:05:00
PPC and Kgatelopele Lime announced they have reached an agreement for the sale of PPC Lime to Kgatelopele Lime for $39.1million.
[Column] Phyllis Wakiaga: Regulatory overreach is impeding economic growth
10-05-2021 | 09:47:54
Naturally, regulations are a prerequisite for any nation or institution. When effectively implemented, they create an enabling environment for competitiveness by enforcing fair business practices
[Column] Phyllis Wakiaga: Building momentum to mitigate climate change
03-05-2021 | 14:14:09
Global leaders, young people and even students are now talking about it. Companies on the other hand are thinking about how they can reduce their carbon footprint and their operations’ impact on the environment.
Lummus Novolen technology awarded first polypropylene contract in Nigeria for BUA's Refinery project
30-04-2021 | 14:33:19
Lummus Technology announced its Novolen business has been awarded a PP contract by BUA Refinery, a subsidiary of Nigeria's BUA Group, at their grassroots refinery in Nigeria.
Guinness Nigeria announces Board changes
30-04-2021 | 09:14:00
Guinness Nigeria has announced the notice of retirement of its long-serving and indefatigable Board Chair, Mr. Babatunde Savage by June 30, 2021.
Jumia Egypt launches new initiative to support SMEs & handicrafts
28-04-2021 | 13:18:00
Jumia, the leading e-commerce platform in Egypt, launched a new initiative at the beginning of the Holy month of Ramadan under the theme of “Support Them … Buy Their Products.”
[Column] Phyllis Wakiaga: Why digitization is essential to bolster recovery
26-04-2021 | 09:49:49
One of the greatest opportunities presented by the pandemic has been the rapid adoption of digital technologies by manufacturers in Kenya among other businesses.
[Kenya] NCBA and KAM partner to support local manufacturing SMEs
26-04-2021 | 08:02:45
NCBA Bank Kenya PLC has announced a new partnership with the Kenya Association of Manufacturers (KAM), to enhance the development of Manufacturing SMEs in the country.
RDIF, Minapharm to produce over 40 million doses of Sputnik V in Egypt
22-04-2021 | 12:22:00
The Russian Direct Investment Fund (RDIF), Egypt's Minapharm, and its Berlin-based subsidiary, ProBioGen AG, have agreed to produce over 40 million doses per year of the world's first registered vaccine against COVID-19, Sputnik V.
TGI Distri launches Kleansol Toilet Cleaner in Nigeria
22-04-2021 | 11:01:42
TGI Distri, a manufacturer of quality home care products in Nigeria, has launched into the market Kleansol Toilet Cleaner which contains power active ingredients with 99.9% efficacy in killing all forms of bacteria in and around the toilet area.
KAS Africa secures $10 million investment to expand operations
21-04-2021 | 15:45:42
KAS Africa, a contract manufacturer of personal, home, baby and oral care FMCG products, has received an investment with an aggregate value of $10 million from TRT Investments Limited.
Crown Paints Kenya partners with Muslim radio station IQRA FM on Covid-19 relief drive
21-04-2021 | 12:15:00
To run the initiative, Crown Paints has partnered with IQRA – a Muslim-based radio station based in Nairobi – to emphasize the Covid-19 protocols.
Siemens and Google Cloud partner on AI-based solutions in manufacturing
20-04-2021 | 16:01:04
Google Cloud and Siemens, an innovation and technology company in industrial automation and software, have announced a new cooperation to optimize factory processes and improve productivity
Coca-Cola to sell part of its shareholding in Coca-Cola Beverages Africa via an IPO
20-04-2021 | 09:18:39
The Coca-Cola Company and Coca-Cola Beverages Africa (CCBA) have announced plans to list CCBA as a publicly traded company.
[South Africa] SYSPRO rebrands to enhance secured digital future for global manufacturers and distributors
14-04-2021 | 15:56:00
SYSPRO, an industry-built ERP software solution designed to make things possible in key manufacturing and distribution industries, has unveiled its re-energized brand, visual identity and positioning to the market.
[Column] Phyllis Wakiaga: Promoting local production will lead to regional industrialization
07-04-2021 | 11:03:00
The establishment of an effective Common External Tariff in the East Africa region will lead to the exponential growth of the manufacturing sector.
EBRD, EU support Moroccan medical garments producer with €6m loan financing
01-04-2021 | 09:05:00
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support for businesses in Morocco, with a €6 million loan to Lamatem, a Moroccan producer of high-‎end ‎medical garments.
[Egypt] Kemin becomes a majority shareholder in animal vaccine company MEVAC
30-03-2021 | 08:54:00
Kemin Industries is growing its presence in the global vaccine market by becoming majority shareholder of MEVAC, an animal vaccine manufacturer based in Cairo, Egypt.
[Column] Quinton Swart: Why boxed water is better? Thinking inside of the box when it comes to packaging water
26-03-2021 | 07:43:09
Packaged water in South Africa is a growing market, commonly bottled in polyethylene terephthalate (PET) plastic. While this material is recyclable, more than half of plastic waste is not recovered, most of it ending up in landfill or in waterways.
[Nigeria] Dangote Sugar increases production by 13.7% despite pandemic
10-03-2021 | 08:07:28
The sugar group also posted an increase in sales volume which rose by 6.9 per cent, from 684,487 tonnes to 731,701 tonnes.
[Column] Phyllis Wakiaga: Nurture technical skills to revolutionize manufacturing
08-03-2021 | 11:04:00
Countries all over the world have prioritized manufacturing in their economic rebound strategies, following the adverse effects of the COVID-19 pandemic.
[Column] Shanon Ramdaw: How the Cloud Transforms Manufacturers into Agile, Efficient Innovators
04-03-2021 | 06:41:00
Ramdaw confirms that Cloud based technological applications, services, and solutions, afford businesses the opportunity to optimise business processes, functionality, efficiency, and growth.
DHL Industrial Projects transports 676 passenger coaches from Hungary to Egypt
03-03-2021 | 14:31:00
DHL Industrial Projects, is supporting Dunakeszi Járműjavító Kft with the transport of the largest order of rolling stock in the history of Hungary. In total, 676 coaches are being transferred from the production site in Dunakeszi, Hungary, to Egypt.
Volvo Cars to fully go electric by 2030
03-03-2021 | 12:40:00
Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030.
Kenya Breweries Limited unveils academy to train 10,000 bartenders
25-02-2021 | 12:05:42
Kenya Breweries Limited, KBL, has launched a Diageo Bartenders Academy whose aim is to upscale, build capacity and trade engagement to Kenyan bartenders.
[Column] Rajan Shah: Is Kenya AfCFTA-ready?
19-02-2021 | 14:45:00
For many, the Africa Continental Free Trade Area was a manifestation of the long sought-after Pan African dream – a united continent, bringing together its natural resources in a common market, to the benefit of its people.
Dangote Group invests $24 million in Nigeria’s education sector
19-02-2021 | 06:41:21
As the Dangote Academy prepares to admit yet another set of student engineers, it can be revealed that the company has in the recent past injected over N10billion into Nigeria’s educational sector.
Afreximbank, AAAM partner to drive automotive investment in Africa
18-02-2021 | 12:27:00
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) entered into a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa.
IFC finances Pasabahce Egypt to support exports, sustainable glass production and jobs
17-02-2021 | 15:09:00
IFC announced a financing package for leading glassware manufacturer Pasabahce Egypt for Glass Manufacturing S.A.E. to help the company boost exports, introduce cleaner production practices, and create jobs.
Bechtel signs coker supply contract with Petrojet for SOPC upgrade in Egypt
17-02-2021 | 10:15:06
Bechtel has been selected to supply the coker furnace equipment for the Suez Oil Processing Company’s (SOPC) energy efficiency and upgrade program in Egypt.
Bure Integrated Agro-Industrial Park inaugurated in Ethiopia
11-02-2021 | 08:18:33
The Prime Minister of Ethiopia, Abiy Ahmed, inaugurated the Bure Integrated Agro-Industrial Park (IAIP) in Amhara State.
[Column] Phyllis Wakiaga: Promoting sustainability through energy efficiency and conservation
08-02-2021 | 10:50:12
Energy Efficiency might sound like ‘ Board Room speak’ to many, but what is it really?
[Column] Phyllis Wakaiga: Increasing participation of women in the manufacturing sector
08-02-2021 | 10:50:08
The increased participation of women in manufacturing is the inevitable change we need to achieve our industrialization goals.
[Africa Business Panel] 6 percent of African Business Professionals expect their companies not to survive the Covid-19 Crisis
08-02-2021 | 10:50:00
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
Ford invests $1 billion to modernize, expand South African manufacturing for all-new Ranger
04-02-2021 | 08:40:00
Ford Motor Company announced an investment of $1.05 billion in its South African manufacturing operations to modernize, expand South African manufacturing for all-new Ranger.
Toyota South Africa to manufacture brand-new Corolla Cross SUV at its Durban plant
01-02-2021 | 10:53:23
Toyota South Africa Motors (TSAM) announced it will be manufacturing and selling the brand-new Corolla Cross in South Africa in the fourth quarter of the year.
Hikma Pharmaceuticals enters agreement to acquire assets of GSK’s Egyptian subsidiary
27-01-2021 | 14:50:32
Hikma Pharmaceuticals has entered into a non-binding term sheet with GlaxoSmithKline (GSK) for the purposes of potentially acquiring GSK’s interests in Egypt and Tunisia
IFC provides loan to support Tanzanian glassmaker Kioo
27-01-2021 | 08:08:07
IFC announced a loan to Kioo, East Africa's largest producer of glass bottles, to help the Tanzanian company weather COVID-19-related challenges, protect jobs, and invest in energy-efficient machinery to reduce its carbon footprint.
CDC targets over $1bn annual investment in African businesses
22-01-2021 | 08:15:00
CDC Group, the UK’s impact investor and development finance institution (DFI), announced a commitment to invest over $1 billion again in African businesses in 2021.
[Nigeria] Dangote Industries bets on AfCFTA to leverage expansion, new trade routes
15-01-2021 | 14:30:00
Dangote Industries Ltd has stated that its cement expansion plan and fertilizer investments will open new trade routes for the company and Nigeria under the trade deal.
UNICEF, WHO, IFRC and MSF announce establishment of global Ebola vaccine stockpile
12-01-2021 | 12:07:00
International health and humanitarian organizations UNICEF, WHO, IFRC and MSF announced announced the establishment of a global Ebola vaccine stockpile to ensure outbreak response.
South Africa’s Mondi acquires Olmuksan,Turkish corrugated packaging player
08-01-2021 | 11:39:00
Mondi has agreed to acquire 90.38% of the outstanding shares in Olmuksan International Paper (Olmuksan) for a total consideration of €66 million.
[Kenya] Bamburi Cement scales up green construction with launch of Houses of Tomorrow project
07-01-2021 | 07:14:17
Kenya’s industrial company Bamburi Cement has launched an innovative and green construction project in Kenya dubbed “Houses of Tomorrow’ (HoT) in a bid to fulfil its sustainable construction agenda.
BUA Cement, Sinoma CBMI partner to construct cement plants in Nigeria
05-01-2021 | 13:20:00
BUA Cement signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3million tonnes each per annum in Edo, Sokoto and Adamawa states of Nigeria to be completed by the end of 2022.
World Bank, IFC report provides roadmap for stronger private sector-led growth in Egypt
23-12-2020 | 07:46:00
Egypt could unleash economic growth and create more and better jobs by addressing constraints to private sector activity, according to a report published by the World Bank Group.
EIB launches €50 million Africa pharmaceutical manufacturing initiative
22-12-2020 | 07:44:37
The European Investment Bank has launched the first ever scheme to strengthen local production of Active Pharmaceutical Ingredients in Africa and scale up drug manufacturing essential to improve public health.
Sumitomo Rubber South Africa appoints Lubin Ozoux as new CEO
03-12-2020 | 07:21:43
Sumitomo Rubber South Africa, manufacturer of the Dunlop, Sumitomo and Falken tyre brands for the African continent, has announced the appointment of Lubin Ozoux as the new Chief Executive Officer and Executive Director effective 1 January 2021.
[South Africa] LyondellBasell, Sasol complete Louisiana Joint Venture transaction
02-12-2020 | 08:48:00
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and Sasol, a global integrated chemicals and energy company, announced the closing of their Louisiana-based Integrated Polyethylene JV transaction.
Kenya Association of Manufacturers develop standards to ease goods clearance at points of entry
27-11-2020 | 07:27:08
The Kenya Association of Manufacturers (KAM) developed Standard Operating Procedures (SOPs) to ensure better and more efficient entry operations to facilitate trade and enhance the fight against illicit trade.
KAM, Veri-Credit, AKS partner to promote proactive mitigation of credit risk management
17-11-2020 | 11:22:00
The Kenya Association of Manufacturers (KAM), Veri-Credit and Association of Kenya Suppliers (AKS) have partnered to promote the proactive mitigation of credit risk management by businesses.
DPI, CDC partner to create $750m biopharmaceutical platform to broaden access of vital specialty generic drugs across Africa
16-11-2020 | 14:01:00
Development Partners International (DPI) through its ADP III fund, CDC Group, and the European Bank for Reconstruction and Development have joined forces in a ground-breaking deal to create a major new player in the pan-African pharmaceuticals industry.