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.
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.
The Prime Minister of Ethiopia, Abiy Ahmed, inaugurated the Bure Integrated Agro-Industrial Park (IAIP) in Amhara State.
Energy Efficiency might sound like ‘ Board Room speak’ to many, but what is it really?
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
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 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 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 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 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.
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.
International health and humanitarian organizations UNICEF, WHO, IFRC and MSF announced announced the establishment of a global Ebola vaccine stockpile to ensure outbreak response.
Mondi has agreed to acquire 90.38% of the outstanding shares in Olmuksan International Paper (Olmuksan) for a total consideration of €66 million.
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 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.
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.
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, 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.
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 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.
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
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.
CDC Group, UK’s development finance institution and impact investor, announced a $100 million additional commitment to its existing trade risk sharing facility with SMBC Bank International.
[South Africa] Aspen, Johnson & Johnson partner to manufacture investigational COVID-19 vaccine candidate
Aspen announced that Aspen Pharmacare has entered into a preliminary agreement with two of Janssen Pharmaceutical Companies of Johnson & Johnson, for the technical transfer and proposed commercial manufacture of their COVID-19 vaccine candidate.
Toyota Tsusho announced the establishment of Toyota Tsusho Manufacturing Ghana, a vehicle production company, and acquired license for a vehicle assembly business, a first for a Japanese company in Ghana.
WAAREE Energies, India's largest solar module manufacturer has strengthened its presence in West of African continent by opening franchise in Conarky.
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.