[Nigeria Business Week] Andrea Ayemoba: Nigeria sets course to unify industry benefits, lead Africa's 5G
Following a turbulent year of stock market fluctuations, restrictions related to an ongoing pandemic and varying economic instabilities, predictions on Nigeria’s performance last year ranged from inferior to mediocre to excellent.
Processes originally aimed at speedy application development are giving manufacturers the tools to build the next generation of urban-flight and space vehicles in Africa.
The financing will support Dolidol's entry into Nigeria, where it plans to purchase Mouka, the country's leading mattress and bedding supplier. Dolidol will also strengthen its distribution network in Nigeria and improve the quantity and quality of bedding products available there. IFC's financing package will be accompanied by advisory services to improve productivity.
Fan Milk, makers of ice cream brands Fan Ice and Go Slo, has unveiled its newly completed state-of-the-art frozen dairy product line in Ibadan, Oyo State.
To support Africa's goal of strengthening its production of medicines and reducing its rneliance on imports, IFC and Nigeria's Fidson Healthcare have partnered to develop Nigeria's capacity to produce active pharmaceutical ingredients (APIs).
[East Africa Business Week] Bob Koigi: East Africa positions itself as investment destination of choice
The East African community continues to live up to its billing as a prime investment destination for investors.
HeidelbergCement holds 50% of the shares in the company and has full management responsibility. The sale includes a cement grinding plant with two grinding mills.
The aim is to expand its regional shared services operations in PepsiCo’s Cairo Business Services (CBS) Hub.
LI Yong, Director General of the United Nations Industrial Development Organization (UNIDO), and Chipoka Mulenga, Zambia's Minister of Commerce, Trade and Industry, signed a five-year Programme for Country Partnership (PCP).
44% of manufacturers in Kenya have expressed a desire to invest and migrate to Enterprise resource planning (ERP) over the next five years according to the inaugural Manufacturing CFO 4.0 2021 Survey released by SYSPRO
Manufacturers in Kenya are yet to record their returns on digital investments according to a survey released by SYSPRO, a global enterprise resource planning software provider and the Institute of Certified Public Accountants of Kenya (ICPAK)
Saudi Arabian Mining Company Ma'aden strengthens African presence with a new fertilizer terminal in Malawi
The Liwonde Terminal is strategically located on the rail line connecting the Republic of Malawi to the deep-sea port of Nacala in the Republic of Zambia, allowing for high access to Ma’aden’s fertilizer products across central and southern Africa.
The Transaction will be implemented through a number of simultaneous and inter-conditional steps.
IFC, Proparco, the French Development Institution and Emerging Africa Infrastructure Fund (EAIF) are partnering with Ciments de l'Afrique (CIMAF), to help the company boost its production of cement in West Africa.
To accelerate the growth of the continent’s economy through improved manufacturing capabilities, we need to follow international trends and take advantage of all the opportunities that cloud has to offer.
[Nigeria Business Week] Andrea Ayemoba: Q3 stats show industries thriving, strong investor confidence
Nigeria earns every week its place as Africa’s largest economy. While subject to the typical ups and downs any market is expected to have, its mere size guarantees a general continuity of business operations even in the face of a spiraling inflation trend.
Social investor Oikocredit provided a three-year $3.5 million loan to agricultural processors, wholesalers and retailers of Valency Agro Nigeria, to support the development of Nigeria’s cashew nut production and processing.
CP Kelco, a global leader of nature-based ingredient solutions, announced it will expand its distribution relationship with Azelis in Europe, the Middle East, and Africa.
Post-harvest food loss that occurs in-between production and distribution stages is one crucial environmental issue that necessitates immediate eco-friendly remedies from companies that seek solutions to improve storage, transport, and sales methods.
When it comes to a country’s socio-economic development, an efficient transport system is indispensable. For instance, roads enable citizens to access critical services such as health and education, as well as ensure that they are able to access their businesses.
Nestlé Pure Life has launched Egypt’s first water bottles made of 100% recycled plastics (rPET) in its 1.5 liters format as it continues its move towards more sustainable packaging.
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.
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
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.
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 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
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.
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 and the Rwanda Development Board signed a collaboration agreement to develop vaccine manufacturing capacity in Rwanda and contribute to expanding vaccine production in Africa.
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.
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.
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.
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 Industries announced the startup of a facility in Tangier, Morocco, that will produce automotive sealants for local vehicle production.
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.
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.
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.
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 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.
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, 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.
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.
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.
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
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.
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 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.
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.
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.
SBL’s support comes to light as the world struggles to return to the business from the torment inflicted by the global pandemic.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
This was during the launch of the KAM Sugar Sub-Sector Strategic Plan, which seeks to guide the industry’s growth, resilience and sustainability.
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.
The new facility will allow us to significantly increase production of our fertilizer and feed products.
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 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.
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.
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.
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
Sandvik signed a deal to acquire the South African based company Kwatani, the supplier of screens and feeders for the mining industry.
PPC and Kgatelopele Lime announced they have reached an agreement for the sale of PPC Lime to Kgatelopele Lime for $39.1million.
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
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
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 has announced the notice of retirement of its long-serving and indefatigable Board Chair, Mr. Babatunde Savage by June 30, 2021.
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.”
One of the greatest opportunities presented by the pandemic has been the rapid adoption of digital technologies by manufacturers in Kenya among other businesses.
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.
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, 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, 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.
To run the initiative, Crown Paints has partnered with IQRA – a Muslim-based radio station based in Nairobi – to emphasize the Covid-19 protocols.
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
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
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.
The establishment of an effective Common External Tariff in the East Africa region will lead to the exponential growth of the manufacturing sector.
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.
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
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.
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.
Countries all over the world have prioritized manufacturing in their economic rebound strategies, following the adverse effects of the COVID-19 pandemic.
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, 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 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, KBL, has launched a Diageo Bartenders Academy whose aim is to upscale, build capacity and trade engagement to Kenyan bartenders.
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.
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.
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 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 has been selected to supply the coker furnace equipment for the Suez Oil Processing Company’s (SOPC) energy efficiency and upgrade program in Egypt.