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Industry in Africa

  • Innoson Motors To Export 400 Nigerian Made Vehicles To Mali

    MALI, 2017/10/19 According to Yara Abdulsalam, the Charge‘d Affair of Nigeria in Mali, a Nigerian motor manufacturing company, Innoson Motors, has signed MoU with a Malian firm to export 400 locally made vehicles to Mali. Speaking on Friday in Abuja, Abdulsalam made the announcement at the same time as he led a delegation of businessmen from Mali to visit the Foreign Affairs Minister, Geoffrey Onyeama. Abdulsalam pointed that during the week, Innoson Motors signed Memorandum of Considerate with Taxi Plus VIP, a Mali based transport company for the expansion of transport business in that country.
  • Deadly Riots Again Grip Guinea’s Bauxite Hub

    GUINEA, 2017/09/16 Deadly rioting has again broken out in the Republic of Guinea’s bauxite capitol according to witnesses who spoke to the media. According to locals, over the course of two days rioters destroyed a police post and vehicle, leading to a lethal response by government forces. They say that rioters as well attempted to block bauxite miners from arriving to work at the mines, but their efforts were not entirely successful according to officials at Societe Miniere de Boke (SMB).
  • Dangote signs $450million jumbo sugar production agreement with Niger state

    NIGERIA, 2017/09/09 Yesterday, the Pan African Conglomerate, Dangote Group took an extra bold move for self-sufficiency in sugar production through the Nigerian government’s backward integration policy. The group signed a Memorandum of Considerate (MoU) with the Niger National Government for the establishment of a jumbo $450million national-of–art and fully integrated sugar complex. According to the President of the Group, Aliko Dangote, this investment was informed by his company’s firm belief in the potential of the Nigerian economy, adding that the new outlay will add price and create jobs for Nigerians. The project will generate over 15,000 jobs in the national and bring about a complete economic turn-around for the national.
  • Nigeria: Afrexim Signs $1.1bn Loans With Dangote, Elumelu's Heirs Holdings

    NIGERIA, 2017/07/14 The African Export Import (AFREXIM) Bank, has signed a memorandum ( MOU)of considerate with both the Dangote Group of Companies and Tony Elumelu's Heirs Holdings for a loan of $1billion and $100 million respectively. The two deals, were signed at one of the sessions at the 24th Annual General Conference of the bank holding in Kigali, Rwanda. At the signing ceremony, AFREXIM Bank's president, Dr. Paul Oramah, said the transaction was part of the bank's bid to expand businesses in Africa through disbursement of N9 trillion ( $25 ) billion in the next five years.
  • Govt accelerates SEZs rollout

    ZIMBABWE, 2017/03/07 THE Industry and Commerce ministry will any minute at this time announce the new board for the Appropriate Economic Zones (SEZs), as government speeds up the process expected to attract foreign direct investment into the country. SEZs are located within a country’s national borders and their aims include: increased trade, increased investment , job creation and effective government.
  • Mozambican company starts exporting macadamia nuts

    NETHERLAND, 2017/01/23 The Murrimo Macadâmias company, established in Mozambique under a joint venture between a company in South Africa and an extra in the Netherlands, is due in March to start its initial harvest of nuts five years next starting planting on a plot in Gurué, in the central province of Zambezia. The consortium made up of South African companies Crookes Brothers Limited and White Bird International BV, of the Netherlands, with experience in the production of fruits and other crops in Swaziland and Zimbabwe, has by presently invested additional than US$24 million in planting macadamia on a 3,000-hectare plot, of which 240 hectares have by presently been planted.
  • Angola: Cinfotec to Train Over 3000 Citizens in 2017

    ANGOLA, 2017/01/23 The Integrated Centre for Technological Training (Cinfotec) in the year 2017 intends to train and certify about 3,578 citizens, with a view to surpassing the figure completed in 2016, which is 2,578, said last Thursday, in Luanda, the institution's general director, Gilberto Figueira. Deliverying a speech at the ceremony that served to open the 2017 term, Gilberto Figueira said it is fundamental to endow professional with the right competences and tools in areas like electricity, mechatronics, data and communication technologies, and meteorology.
  • Nigeria: Dangote Sets Up Truck Assembly Plant in Lagos, Creates 3,000 Jobs

    NIGERIA, 2017/01/17 Africa's richest man and foremost entrepreneur, Aliko Dangote, is setting up a $100 million vehicle assembly plant in Lagos, to tap the opportunity provided by the scarcity of forex and help tackle employment crisis in the country. The plant will be churning out heavy business trucks on which his conglomerate, the Dangote Group spends huge all to import for distribution of its products both locally and across the continent. Chief Corporate Communication Officer of Dangote Group, Mr. Anthony Chiejina confirmed the project, saying Dangote would be partnering a leading Chinese Company, National Heavy business Truck Group Company Limited, SINOTRUK to produce several thousands of trucks used mainly for haulage from its newly promoted assembly plant at Ikeja, Lagos.
  • Dangote Refinery to Drive Capacity in Africa by 2020 – OPEC

    NIGERIA, 2016/11/28 Africa’s richest man Aliko Dangote’s refinery in Nigeria will drive refinery capacity expansion in Africa, by 2020, the organization of petroleum Exporting Nations (OPEC) said in its 10th edition of World Oil Outlook (WOO). The refinery which OPEC considers as the initial privately owned and operated in Nigeria, is expected to refine as much as 650,000 barrels of crude oil per day.
  • South Africa's manufacturing output flat, points to slowing economy

    SOUTH AFRICA, 2016/11/16 South Africa's factory output was flat in September from a year ago, data showed on Thursday, contrasting strong second quarter economic increase and increasing the risk of a credit rating downgrade. Separately, mining output increased by 3.4 % year-on-year in September . But analysts said this was not sustainable as commodity prices struggle to recover.