Africa > Industry

Industry in Africa

  • Ethiopia: Praising Record Feat, Lagarde Emphatic Calling for Reforms

    BOTSWANA, 2018/01/06 The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, is to arrive in Addis Abeba today, to start what is a historic visit by the Fund’s most senior official since its founding next the Second World War. She will be talking to Ethiopian authorities, inclunding Prime Minister Hailemariam Desalegn, on issues of macroeconomic stability and monetary policy matters. In her exclusive interview with (Addis) Fortune, Lagarde praised Ethiopia’s economic performance of the completed few years as “strong” with “positive Prospects”. However, she would like to see Ethiopian authorities exercise restraints in “public spending” while urged them – rather emphatically – to control borrowing from overseas to finance public projects and strengthen export competitiveness.
  • Dangote opens $300m cement plant in Congo-Brazzaville, country's biggest

    CONGO BRAZZAVILLE, 2017/11/27 The Dangote group has opened a $300 million cement production plant in the Republic of Congo. The facility which has a capacity of 1.5 million metric tonnes per annum is expected to be the biggest such facility in the Central African country. The plant is located at the Mfila area of the capital Brazzaville. The event which was graced by Congolese president Denis Sassou Nguesso brings to five the Dangote Group’s African footprints in the cement production business. The Nigerian president Muhammadu Buhari was represented by a government delegation led by the Mines and Steel Development Minister, Kayode Fayemi. He emphasized the Buhari government’s desire to help indigenous companies to thrive.
  • Ethiopia bags a continental first with $2.2m smart parking facility

    ETHIOPIA, 2017/11/27 A steel facility that can at once hold 90 cars in a space which could originally hold nine cars. Electronic lifts pick cars and embed them within a structure that is believed to have cost $2.2m – or 52 million birr. It is a continental initial, a facility meant to relieve vehicular parking and to keep with world trends in the area of vehicle safety. This is Africa’s initial smart parking facility located in one of the continent’s fastest growing cities. Addis Ababa in Ethiopia. A recent CGTN Africa statement showed the Smart Megenagna Parking where a modern lifting systems safely parks cars in a huge steel storey building.
  • 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.