Kenya and Japan have entered an agreement that promises to be huge for Kenya’s automobile industry. Both countries have inked deals that could generate approximately Sh99 billion in green energy and vehicle manufacturing investments. The deal involves Kenya and the Japanese automobile giant Toyota Tsusho Corporation. A report by BusinessDaily, a Kenyan business news publication, […]
Tag: Manufacturing
Nairobi — The government has affirmed its commitment to revising the taxation system, aiming to encourage more Kenyans to enter the manufacturing industry. This was announced by Juma Mukhwana, Principal Secretary for the State Department of Industry, during his visit to the East African Cables (EAC) headquarters in Nairobi. Mukhwana emphasized the state’s determination to […]
The Minister of Aviation and Aerospace Development has visited Magnus Aircraft Group in Hungary to seek collaboration on building an aircraft manufacturing and assemblage capacity in Nigeria. Keyamo’s visit is in honour of an invitation sent to him by Magnus Aircraft Group to attend its product introduction event, a useful way to explore areas of […]
The Minister of Industry, Trade and Investment, (FMITI), Dr Doris Anite, has said the federal government plans to establish more industrial clusters as well as revive existing ones to drive Small and Medium-sized Enterprises (SMEs) and industries across the country. Anite stated this during an interaction with government officials and members of the business community […]
Maputo — The Indian company Banaras Locomotive Works (BLW) has confirmed the reception of an order from Mozambique for the manufacture and delivery of ten new Cape Gauge diesel locomotives. This follows the recent export to Mozambique of seven Cape Gauge locomotives from the same company. BLW spokesperson Rajesh Kumar, cited in the newspaper the […]
Anyone who lives in Nigeria does not need to be aware of the harsh economic realities that the country’s residents must deal with, the managing director/CEO, May & Baker Nigeria Plc, Mr. Patrick Ajah has affirmed. This is even as Ajah has called on the government to rollout interventions to cushion the harsh operating environment. […]
BioNTech, a German biotechnology company, on Monday, December 18, launched a new modular vaccine plant in Rwanda for the manufacturing of mRNA vaccines. The development is a major boost for Rwanda and Africa in the fight against Covid-19 and future pandemics, and reflects a growing recognition of the need for vaccine equity. The modular factory […]
Addis Ababa — The Ethio-Russia partnership in manufacturing is a beacon of collaborative success, Minister of Industry, Melaku Alebel said. Russian business delegation led by Russia’s Head of Federal Agency on Mineral Resources, Eugeny Petrov is here in Ethiopia to explore investment opportunities. The delegation held bilateral meeting with Minister of Industry, Melaku Alebel today. […]
P&G could incur charges anywhere between $1 billion and $1.5 billion after-tax from restructuring its operations in Nigeria and Argentina. US consumer goods powerhouse Procter & Gamble (P&G) will discontinue manufacturing in Nigeria and pivot to import-only activity, the company said Tuesday. The multinational expects $2.5 billion in charges over the next two years from […]
In a move that signals confidence in Nigeria’s economic recovery, Jonathan Oppenheimer, son of South African billionaire, Nicky Oppenheimer, has acquired full ownership of GZ Industries Ltd., the country’s largest beverage can manufacturer. Oppenheimer Partners Ltd., through a transaction with Affirma Capital (formerly Standard Chartered Private Equity), has acquired the remaining shares in GZ Industries, […]
ADDIS ABABA- Addis Ababa Cooperative Commission disclosed that it is collaborating with manufacturers, development enterprises and consumers cooperative union to establish market connections so as to curb inflation. Speaking at the discussion forum conducted yesterday by the commission focusing on product supply and market linkages, with industrial owners, importers, consumer cooperatives and unions, Habteyes Diro, […]
The Ghana Standard Authority (GSA) says it will continue to clamp down on some cement-manufacturing companies in the country to enforce standards and not to destroy businesses. According to the Authority, it would not renege on its key mandate of ensuring standards in the country since that was the only way it could protect lives […]
Prime Minister Abiy Ahmed (PhD) said Ethiopia’s pathway to prosperity follows a multi-sector growth approach to enable equitable development while manufacturing remains a priority for its close linkage with other sectors. Addressing the 20th General Conference of the United Nations Industrial Development Organization (UNIDO), Prime Minister Abiy pointed out that the manufacturing sector emerged as […]
Ministry of Industry announced that over 370 industries have returned to their operation since government launched ‘ Let Ethiopia Produce’ campaign. Discussing a number of issues with staff members, Industry State Minister, Hassan Mohammed said that the campaign ‘ Let Ethiopia Produce’ is being carried out via exerting coordinated efforts. A national steering committee clustered […]
Maputo — The Mozambican government, through the National Standardization and Quality Institute (INNOQ), is introducing a Conformity Assessment Programme (PAC) to put an end to the entry and circulation of substandard and counterfeit products in the country. According to the Minister of Industry and Trade, Silvino Moreno, speaking at the opening of a seminar regarding […]
Government will take over provision of extension services to cotton farmers from contractors in the 2023/24 cropping season in a move meant to reduce the cost of production and allow farmers to get better seed cotton prices when the white gold is marketed later. Announcing the proposed cotton production enhancement and marketing arrangement recently, Lands, […]
Some 7.6 million USD was obtained from export trade in the first quarter of the current Ethiopian year, the Leather and Leather Products Industry Research and Development Center said. Speaking to the Ethiopian Press Agency (EPA), Center Manager Mohammed Hussein said that the sum was secured from finished and semi-finished leather shoes, baggage, leather gloves […]
-Creates over 46, 000 jobs Ministry of Industry stated that the manufacturing industry sector has attracted over 4.68 billion Birr Foreign Direct Investment (FDI) in the first quarter of the current Ethiopian fiscal year. Speaking at the event organized to discuss the ongoing import substitution efforts and to review three months performance of the ministry […]