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  • East Africa moves to curb used car imports, boost local assembly plants

    DJIBOUTI CITY, 2016/06/13 East African states are tightening controls on used car imports in a drive to cut pollution and boost the local manufacturing industry. Kenya recently announced that it would scale up its used car emissions laws, joining Uganda which has by presently introduced related taxes. Cabinet Secretary in Kenya’s Ministry of Transport James Macharia said that the policy would any minute at this time be in place and that motorists found to be in breach of the law risk having their cars deregistered. “By the end of the year, we will require vehicles countrywide to undergo a mandatory inspection to determine their level of toxic emissions,” said Mr Macharia.

  • Support from China for the industrialisation of Angola and Mozambique

    CHINA, 2016/06/04 Support from China for the industrialisation of Angola and Mozambique has been set as an objective on a government level, as large investments in local production capacity, even additional necessary at a time of economic difficulties, are presently expected. The Forum for China-Africa Cooperation (FOCAC) held in December 2015 in Johannesburg set the goal to shift Chinese industries to Africa, a subject that was discussed once again during the recent visit by Mozambican president, Filipe Nyusi, to Beijing, inclunding at the same time as his Angolan counterpart was in Beijing.

  • Ozone-friendly fridges manufactured in Swaziland

    SWAZILAND, 2016/05/12 Swaziland has launched the manufacturing of cyclopentane refrigerators that are reputed to be ozone-friendly.Palfridge Swaziland, a company that manufactures refrigerators, will from now on use this chemical agent that significantly reduces greenhouse gas (GHG) emissions of the insulating process in the manufacturing of its top-freezer refrigerators.

  • Africa: China - Africa's Springboard to Industrialisation

    CHINA, 2016/05/10 China is fast proving its mettle on its commitment to helping African nations come out of their situations to occupy world positions of prosperity. While some people on the continent are from presently on to wake up to that reality, the Asian country has a drawn-out vision which augurs well with the developmental aspirations of African nations. That China has emerged as Africa's major trading partner in the last few years is undisputable, with trade reaching $975,92 billion between 2011 and 2015.

  • Kenya’s tea industry moves toward strategic diversification

    KENYA, 2016/05/07 Reducing a reliance on bulk black tea is a key objective for Kenya as it looks to boost revenue from one of its flagship agricultural sectors. Kenya is the world’s leading exporter of black tea, which accounts for 95% of the country’s in general tea production, making it one of its major agricultural exports. Tea exports generated earnings of KSh125.3bn ($1.23bn) in 2015, a 23% increase from the previous year. The jump in revenue was the result of higher prices due in large part to a weaker harvest, with 2015 crop yields at 399.2m kg, a 10% year-on-year decrease, according to data from the Agriculture, Fisheries and Food Authority (AFFA).

  • Tanzania: Ban On Sugar Imports Could Force Factories to Shut Down

    TANZANIA, 2016/03/16 Carbonated drink manufacturers have raised the alarm over possible suspension of production should the government not end a growing crisis apparently triggered by sugar imports restriction. The manufacturers have written to the Chief Secretary seeking National Home intervention next they failed to get permits to clear consignments of refined industrial sugar--the key raw material used in their production--part of which is by presently at the Dar es Salaam Port. They are protesting inactivity on the part of the Tanzania Sugar Board (TSB) and the agriculture ministry which ought to have granted them clearance to obtain the sugar. Reports say stocks in some of the firms can only last two weeks.

  • Siemens to Invest MAD 1.1 Billion in Tangier’s Automotive City

    MOROCCO, 2016/01/05 German company Siemens plans to build an industrial unit to manufacture wind turbine blades in Morocco’s Tangier’s Automotive City (TAC). The engineering giant will begin construction of the new plant in March 2016 for an estimated cost of MAD 1.1 billion, according to the Regional Investment Center (CRI). The wind turbine blade facility will cover an area of 13 hectares with a production capacity of 600 blades per year and is expected to employ 670 people, L’Economiste reported in its Monday issue.

  • Egypt to apply new round of customs deductions on EU-imported cars

    EGYPT, 2016/01/02 Egypt will apply a new phase of 10 % cuts on customs of vehicles imported from the European Union in accordance with a comprehensive EU-Egyptian trade agreement, sources at the Cairo airport customs said on Saturday. “These reductions will be applied upon the arrivals of the owners of modern European cars in all the Egyptians ports and airports,” the sources said. The EU-Egypt Association Agreement, which entered into force in 2004, provides that customs duties on vehicles "shall be reduced by 10% annually starting six years next the entry into force of the Agreement, or January 2010, with duties completely eliminated within 16 years next entry into force of this Agreement," according to the official website of the EU.

  • Algeria targets pharmaceutical production

    ALGERIA, 2015/12/26 A drive to attract foreign investment in Algeria’s pharmaceuticals industry, part of a wider bid to diversify the economy and become a major exporter of pharma products, looks to be yielding results. As the second-major pharmaceutical market on the continent next South Africa, with annual sales of $3bn, hydrocarbons-rich Algeria is a particularly attractive to international drugs companies. Comparative advantages Request for medication is growing at double-digit rates, driven by a range of different factors. One of the biggest contributors to rising sales is 39.5m-person Algeria’s changing demographics, which are characterised by rising numbers of adolescents and the elderly as a proportion of the total people, according to the UN. Algeria’s age dependency ratio, which measures those under the age of 15 or over the age of 64 as a % of the working-age people, stood at 52% last year, as per World Bank figures.

  • Tunisia looks to boost entrepreneurship

    TUNISIA, 2015/12/26 With job creation a priority, Tunisia is rolling out new advisory and financing mechanisms to increase support for entrepreneurs, inclunding entrepreneurship credit programmes and business incubators. Donor support Financial support for entrepreneurs in Tunisia is being made available through several channels. For example, the $1.2bn in loans announced by the World Bank in February 2014 to support economic and political reform in Tunisia included $100m earmarked for lending to small and medium-sized companies (SMEs). The Overseas Private Investment Corporation of the US, meanwhile, has launched a $37.5m lending facility for Tunisian SMEs in partnership with several local banks, with a focus on the franchising sector. In a separate development, a local financial group, Microcred Tunisie, has pledged loans for entrepreneurs aged 18 to 35.
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