Hotpack Global announced a regional expansion in Morocco, joining hands with the retail leader of the African nation, Retail Holding through its investment arm, Best Financiers.
Kenya Association of Manufacturers (KAM) has partnered with Association for Overseas Technical Cooperation and Sustainable Partnerships (AOTS) to drive automation and digital transformation of Kenya’s manufacturing sector.
The European Bank for Reconstruction and Development (EBRD) is facilitating access to finance for Tunisian Laboratoires Teriak, through a risk-sharing facility with Attijari bank Tunisia.
In a bid to promote local manufacturing of pharmaceutical products in nascent markets, IFC and Nippon Chemiphar Co. Ltd., are joining forces to conduct a feasibility study on expanding production and distribution of the company's generic pharmaceutical products.
La RDC a réitéré cette semaine à la conférence Mining Indaba 2022 de son engagement pour la création d’une chaine de transformation locale de ses minéraux et appeler à davantage d’investissements étrangers.
Les marques de distributeurs et les emballages personnalisés essentiels pour redéfinir la perception des marques "Made in Africa".
Les biens et produits fabriqués en Afrique sont souvent perçus comme étant de qualité inférieure à ceux d'autres pays. Redéfinir cette image est essentiel pour accroître la compétitivité des fournisseurs africains, tant au niveau local qu'international.
Goods and products manufactured in Africa are often perceived to be of inferior quality compared to those from other countries. Redefining that image is key to increasing the competitiveness of African suppliers both locally and internationally.
Zambia and the Democratic Republic of Congo (DRC) has signed a historical cooperation agreement to facilitate the development of value chain in electric battery and clean energy sector.
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.
The Absa Purchasing Managers’ Index (PMI) posted a robust increase to 57.3 index points in August, up from 51.2 in July.
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.
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 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.
The growth of productive jobs by manufacturing means that many people will be able to support their dependants and live quality lives with access to basic amenities such as healthcare, education, clean water and food.
As we have seen over time, when one sectors hits a low point, another is seen hitting high notes. Such is the situation as we’ve seen it lately.
To strengthen Africa's vaccine and pharmaceutical development and to accelerate the continent's recovery from the COVID-19 pandemic, IFC, Proparco, DEG and DFC announced a partnership to support vaccine manufacturing in Africa.
Instant loans, sometimes called digital loans, are gaining speed in the country and the telecom sector took some giant steps forward this week.
Skills are integral to the continuity of any business, more so in the global economy. Specifically, competitive skills are key to industrializing our nation. T
Born and raised in Nigeria, Ms. Adebiyi-Abiola brings to her position as Chair a distinguished track record in waste management and recycling in the developing world, with 14 years of experience in social entrepreneurship, public sector leadership and software development.
Norfund, a development finance institution has invested $7.5 million in Continental Blue Investments Ghana (CBI) to create jobs and reduce emissions in the country.
Pivotal moments in history have brought manufacturing to where it is today, and women have played an important part in the sector’s evolution over the years.
The new plant, which he commissioned in the presence of some 18 governors, ministers, captains of industries as well as prominent traditional rulers, is located at Ibeju Lekki, Lagos Free Trade Zone within the periphery of the Dangote refinery.
Whereas the government relies on the various forms of taxes as a major source of revenue, unfriendly fiscal and taxation policies harm businesses.
Africa has in the past decade positioned itself as a knowledge economy, with one of the most robust startup ecosystems in the world.
Kishan Singh is the CEO The Metal Packaging Association of South Africa (MetPacSA) a not- for profit organization that seeks to position the South African metal packaging industry as a key contributor to sustainable development principles.
Head of the Apparel Export Council of Egypt, Marie Louise, revealed that garment exports recorded a remarkable growth in January 2022, with a 54% increase to reach $204m, compared to $132m in January 2021.
[Nigeria Business Week] Andrea Ayemoba: Experts point toward startup management for local productivity
Nigeria’s crown jewel, oil and gas, has been in a state of mild disrepair for several months now. There’s an ongoing fuel scarcity situation that is intensifying by the day and causing a ripple effect in every aspect of daily life.
Countries across East Africa are breathing a sigh of relief as pandemic-related challenges finally ease and the prospect of some form of normalcy emerges.
Kimberly-Clark Nigeria, makers of trusted diaper Huggies® and female sanitary products, Kotex®, is preparing to inaugurate a new manufacturing facility in Ikorodu, Lagos.
Dangote Fertiliser Company boasts Africa’s largest granulated urea fertiliser complex and produces around 65 percent of of Nigeria’s domestic fertiliser requirements.
West Africa has an opportunity to build an integrated textiles value chain, creating thousands of better jobs and introducing innovative sustainable fabric production technologies, thanks to a new partnership announced between IFC and DTRT Apparel Group, the region's largest clothing manufacturer.
The CDP is an international non-profit organization based in the United Kingdom which runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.
Agriculturists and entrepreneurs are working harder than ever to address food sufficiency, but energy rests firmly on the government’s shoulders.
For any investor, the most important factor to consider when choosing an investment destination is policy stability and predictability. These two aspects earn investors’ trust and build confidence. What happens when the business environment is highly unpredictable and unstable?
Manufacturers have called on Government to prioritize export-led industrialization for sustained economic growth.
Over the last few years, Kenya has embarked on a rigorous campaign designed to restore and conserve the environment. The country has recorded remarkable progress on this front.
The election fever in Kenya is already palpable as more government officials resign to join politics.
The discourse on energy sector reforms is not unique to manufacturers but Kenyans at large, as many grapple with the high cost of electricity and frequent power outages.
Affirma Capital and StonePine StonePine have jointly agreed to invest $20 million for a minority stake in Nerhadou, one of nutraceutical and pharmaceutical players and a pioneer oral dispersible film (ODF) manufacturer in Egypt.
The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of the private manufacturing and service sector in Morocco, with a €12 million loan to Morocco Mobility and Automotive Centre (ATC).
BioNTech introduces first modular mRNA manufacturing facility to promote scalable vaccine production in Africa
BioNTech has taken a next step to improve vaccine supply in Africa by introducing its approach to establishing scalable vaccine production by developing and delivering turnkey mRNA manufacturing facilities based on a container solution.
Morocco has been featured in fifth place on Business Insider’s list of the top best investment destinations in 2022. Morocco’s resilient economy and positive growth prospects all contribute to the country’s strong position as a regional investment hub.
The fund would support oil and gas companies that would operate in the oil and gas parks developed by the Board in Bayelsa and Cross River State.
In a joint project, Siemens South Africa and Aspen have entered into an agreement to enable the use of digital technologies to enhance the efficiency of COVID vaccine production on the African continent, through Aspen’s manufacturing facility.
To help Kenyan businesses access more financing, including those with cash flows disrupted by the COVID-19 pandemic, IFC has extended a loan to Guaranty Trust Bank (Kenya) Ltd for on-lending to local businesses in the country.
Infinet Wireless, the global vendor of industry-leading fixed wireless broadband connectivity solutions, helped Coca-Cola Bottling Company of Egypt to proficiently interconnect its offices, having provided the reliability and steadiness of the links.
[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.