President Uhuru Kenyatta has urged local motor vehicle assemblers to innovate ways of producing quality vehicles that are affordable for Kenyans.
The progress of Africa’s economy over the last decade has been remarkable. In 2018, six African nations – Ethiopia, Ghana, Tanzania, Senegal, Ivory Coast and Djibouti – feature in the fastest-growing economies in the world.
[South Africa] Special Economic Zone to significantly contribute to the economic and industrial development
The Minister for Trade and Industry South Africa, said the recently designation of the Nkomazi Special Economic Zone (SEZ) will contribute significantly to the economic and industrial development.
Catalyst Principal Partners, a Nairobi-based private equity firm has acquired three top tier mattress manufacturers in Uganda, Malawi and Kenya.
By deliberately centering Manufacturing in the Big 4 Agenda, Kenya made an expedient decision to steer itself back on the fast track towards realizing Vision 2030.
IFC CEO has signed accords with the National Bank of Ethiopia (NBE) to expand trade and local currency financing as part of broad effort to support private sector in Ethiopia.
GreenTec has announced its investment in Afrilife, a Tanzania-based producer of organic honey and bee products.
50 per cent of all new Kenyan jobs are estimated to come from medium and large companies, despite them constituting only 20 per cent of all firms in the manufacturing and services sectors.
Special Ice, a manufacturing company in the beverage industry in Ghana, has chosen REDAVIA, to establish its first solar farm in Ghana.
Kenyan manufacturing risks further de-industrialization if the government and firms do not adapt to new digital technologies.
The government of Senegal in collaboration with UNIDO have opened a new industrial park forty kilometers (24 miles) from Senegal's capital, Dakar.
Kenya Power has announced a gross profit of KShs.3.1 billion for the year ended 30th June 2018. During the trading period, electricity sales increased by 2.3 % from 8,272 million units the previous year to 8,459 million units.
The core of any economy is the ability of economic agents to convert inputs – capital, labour, energy, raw materials and purchased services – into useful products.
The South African companies that were exhibiting at the 1st China International Import Expo (CIIE) in Shanghai China last week said that there are business opportunities for South African companies in China.
The Ministry of Environment and Forestry and members of the Kenya Association of Manufacturers (KAM) will host a public forum on Polyethylene terephthalate (PET).
It is quite telling that presently, the port of Mombasa is losing a chunk of Rwanda’s business to Dar es Salaam Port.
A senior official of the UN Economic Commission (ECA), has told Cameroon’s development planning and statistics authorities that the law of the market, called ‘the invisible hand’ in economics, cannot by itself promote diversification, industrialization and the structural transformation of the economies.
The Cuban Chamber of Commerce has expressed its willingness to assist South African companies and investors who are willing to trade and invest in different sectors of the economy.
With Kenya’s ambitious target to grow the manufacturing sector by 36% every year until 2022, isn’t it time we focus on radical customized solutions for tangible results?
Limpopo spices manufacturer and founder of Phuti Food Manufacturing company says the main motivation behind the showcasing of his range of spices at the 27th edition of the Salon International de l’alimentation in Paris, is to establish new clients.
Kenya Association of Manufacturers (KAM) has launched a report that seeks to identify cross-cutting constraints to growth, possible solutions, and sector-specific interventions to unlock the manufacturing sector’s growth potential.
The African Development Bank has approved a $50 million line of credit to Nigeria's Fidelity Bank Plc to support small and medium sized, and women-owned enterprises in selected transformative sectors.
Access to clean water is still a challenge in most of the sub-Saharan Africa countries. Due to the scarcity, the ones who are lucky enough to access it have to dig deeper into their pockets in order to enjoy this basic commodity.
Even as Kenya continues to seal loopholes of money laundering and illicit flows, details are emerging that the country is experiencing sophisticated forms of tax evasion.
The fate of hundreds of small and mid-sized businesses that have been supplying Athi River Mining Company, ARM, since 1974 when the manufacturer first set up shop now rests with the recently appointed administrators from PWC who have taken charge of the business.
Philip Morris International Inc. has been recognized for the third consecutive year as a Top Employer in Africa, awarding the company’s commitment to creating an excellent work environment for its employees.
From mid this year the apparels sector in Kenya has been had hit by the cost of doing business, with major investors such as Long Yun Garments in Mombasa, shutting down and several others in different counties downsizing and reducing their operations.
Lafarge Africa, with its ambition to grow in Nigeria has decided to further strengthen the company by issuing a new rights issue.
Kenya Association of Manufacturers (KAM) has recommended the formation of an industry-led multi stakeholder Taskforce that will advise on people-driven public expenditure, debt and taxation policies.
In today's advanced economies, manufacturing remains critically important to both developing and developed world.
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
Sumitomo Rubber South Africa, manufacturer of the popular dunlop, sumitomo and falken tyre brands, has launched its new, state-of-the-art truck and bus radial factory in ladysmith, kwazulu-natal.
Unionaire Group has entered into a partnership with MIDCO, a subsidiary of the Tunisia-based Loukil Group, under an arrangement facilitated by the African Export-Import Bank (Afreximbank).
Chinese multinational heavy equipment manufacturing company SANY has signed concrete machinery and dump trucks dealership agreement with Rhombus, the powerful ready-mix and bulk cement supplier in Kenya.
Kenya Association of Manufactures (KAM) in partnership with Dandora Hip Hop City have held a capacity building workshop as one of the activities in a capacity building, clean up and community engagement program.
Mergers, expansions, partnerships, taxation controversy and delays at major installations have dominated Kenya’s headlines this week.
The Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong, congratulated the Government of Hunan province for its continuous efforts to promote investment in Africa under the Chinese Government’s Belt and Road Initiative.
Artisanal timber millers are the key suppliers to Ghana’s domestic timber market. However, they have only limited access to commercial timber from production forests.
Money is the bloodline of any economy, and for businesses to thrive, its steady flow and circulation are critical. Cash is king.
Almost a fifth of Kenyan manufacturers have made losses in the last five years due to warehousing shortage in the country.
Kenya’s public institutions have this week increased their investments in technology to improve service delivery and address some of the most pressing problems in a development that is receiving thumbs up from both local and international players.
The Kenya Association of Manufacturers (KAM) has inked a partnership deal with Brand Kenya Board to hasten the uptake and implementation of the Made in Kenya Brand Mark
Kenya Power has reiterated its commitment to provide affordable and reliable energy to manufacturers and its other customers to support the government’s Big 4 Agenda.
Each year counterfeit goods cost the Kenyan economy $300 million in a well-oiled illicit trade that has not only taken away the citizen’s right to quality and genuine products, but put their lives at risk by infiltrating their markets with substandard goods.
The Kenya Association of Manufacturers (KAM) has urged COMESA to consider establishing an institution to deal with counterfeits and dumping in the regional market.
The announcement of the new power tariffs by Energy Regulatory Commission (ERC) has indicated an unexpected increase in energy costs for all in the country.
Kenya Association of Manufacturers (KAM) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have launched a project seeking to promote manufacturing SMEs in East Africa by scaling up their business operations.
With competition across public and private sector now being driven by innovation, Kenyan institutions have invested heavily in modernizing operations and selling the convenience message to customers.
Bolloré Logistics Kenya has signed a contract to provide logistics services to Mobius Motors, an automotive start-up created in 2011 that manufactures Kenya’s only local vehicle brand.
Kenya Association of Manufacturers (KAM) has partnered with the University of Nairobi (UoN) to develop strategies that promote ethical and legal business practices within the private sector.
Lafarge Africa Plc has recorded net sales of N162 billion, about $448 million, for the first half 2018 and N82 billion, approximately $226 million, for the second quarter of 2018.
Despite more than 80 per cent of the beef consumed in Kenya being produced by pastoralists according to a 2011 study, they still struggle with poor market prices and scarcity of fodder.
The Namibian economy does not operate in a vacuum and we are very dependent on our larger neighbor South Africa when it comes to the health of our economy. H
The Government has prioritized the Manufacturing Sector in the Big 4 Agenda primarily because, through local content provision, it functions as a support provider and catalyst for achievement of the other pillars.
Kenya Association of Manufacturers (KAM) has appointed Sachen Gudka as the new Chairman and Mucai Kunyiha as the Vice Chair to lead the organization for a two-year term.
More than 80 Kenyan companies have adopted Kaizen practices to improve operations in the last 19 years and have reaped considerable benefits in their productivity, cash flows and operations.
Africa Plantation Capital has signed an agreement to supply bamboo biomass to Bidco Africa group for a green and sustainable energy source.
Today, Kenya finds itself in an awkward yet promising position in its history. For one thing, our unemployment rate is arguably one of the highest in the East African region.
Ethiopian Airlines Group has finalized its feasibility study and signed a partnership business agreement with ACM Aerospace of Germany pursuant to the aerospace manufacturing development program it has embarked on.
Dangote Cement PLC, Africa’s largest cement producer, has announced the issuance of 50 billion Series 1 and 2 Notes under its 150 billion Commercial Paper Programme.
Kenya Government officials led by President Uhuru Kenyatta have negotiated deals worth 1$00 million at the US-Kenya conference in Nairobi.
RS Components has launched the Africa e commerce site to meet the requirements of a growing continent with demand from various industries.
Kenya Association of Manufacturers and Kenya National Commission on Human Rights have launched the Malindi Public Inquiry Audit Report to establish compliance with the Human Rights Principles and Standards by salt manufacturers.
Illicit trade and counterfeit goods will be the biggest impediments to Kenya achieving its economic goals.
To reduce unemployment in Kenya, the Kenya Association of Manufacturers and GIZ have launched a job portal, a first of its kind in the region.
Despite its laudable development plans as well as the rising level of transformation of its local products, Cameroon still has big gaps to plug in terms of the structural transformation of its economy.
IFC, a member of the World Bank Group, is providing up to $100 million in debt financing to Egyptian Fertilizers Company (EFC), part of efforts to support Egypt's crucial manufacturing sector.
In order to strengthen the group’s Executive management team and sustain its strategic business growth trajectory, Dangote Industries Limited (DIL has announced new appointments.
Manufacturing has the potential to spark productivity more than any other sector in the economy.
Kenya needs to be deliberate about creating an environment that genuinely encourages investments in competitive manufacturing.
Kenya Power mulls partnership with Kenya Association of Manufacturers to lower industrial energy costs
Kenya Power has renewed its commitment to partner with the Kenya Association of Manufacturers, KAM, to carry out regular energy audits among manufacturers to maximize production efficiency.
Women industrialists have come together to map out ways in which they can drive industrial growth in the manufacturing sector.
GE Power and FieldCore, the company’s independent field services execution arm, have successfully restarted Metahara Sugar Factory in Ethiopia, seven months after the plant was severely damaged by a major thunderstorm.
Utility company Kenya Power has expressed its desire to enhance service delivery to large power consumers in a bid to promote the manufacturing sector and encourage a 24-hour economy.
Tecnicil Indústria, a beverage company in Cape Verde has announced that AFIG Funds, a leading African private equity fund manager, through AFIG Fund II, completed an investment in the Company in April 2017.