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.
The increased participation of women in manufacturing is the inevitable change we need to achieve our industrialization goals.
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.
Energy Efficiency might sound like ‘ Board Room speak’ to many, but what is it really?
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.
[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.