Cape Town — Electric vehicles (EVs) appear to be the future of transportation but what role do they play in meeting global goals on climate change? Across the world, more and more people are opting for electric vehicles and the industry is undeniably on the rise. However, as electric cars grow in popularity, concerns over their environmental impact arise. […]
The facility is a collaborative venture between the federal and Imo State Governments, and some private sector partners. The federal government on Tuesday unveiled a modern multi-million naira facility in Owerri to assist tailors and fashion designers in the production of garment and clothing items. Unveiling the facility at the 29th edition of the Micro, […]
The Minister of State for Health, Dr. Olorunimbe Mamora has hinted that the federal government was in talks with relevant stakeholders to ensure that Nigeria was considered as a vaccine manufacturing hub. He also called international partners who donate vaccines to Nigeria to give ample notice before delivery to enable the government plan its deployment […]
In moving to a low-carbon economy, South African workers may lose out as unions weaken and renewable energy components continue to be imported at the expense of local jobs. After years of promises but still no guarantee of jobs in renewable energy, unions hoping that their members will retain their employment if they cling to […]
Kayode Tokede On the heels of reporting N464.35billion trade and receivable in nine months ended September 30, 2021, the likes of MTN Nigeria Plc, Nigerian Breweries Plc, among other companies might exceed 2020 receivables in this year’s financial results. Trade and receivables are the amount owed to a business by its customers following the sale […]
Manufacturers Association of Nigeria (MAN) has warned that the plan by the federal government to commence collection of excise duty on non-alcoholic drinks would see producers of the items lose up to N1.9trillion in revenue sales between 2022 and 2025. The Chairman of Fruit Juice Producers branch of MAN, Mr. Fred Chiazor stated while speaking […]
The ailing Nigerian textile industry needs urgent surgical operation and resolute determination of the federal government to bounce back to reckoning again. The textile industry in Nigeria is dying by installments. It bears the features of an industrial sector in its last gasp of steep decline. Its operators are concerned that the industry might go […]
Local coal supply sharply dropped since May 2020 following waves of conflict that continue to break out in Kamashi, a major coal mining belt in Benishangul Gumuz regional state. Though coal deposits are also found in Chilga in Gondar, central part of Shewa, western Oromia and Dawro in southern Ethiopia, Kamashi is the most excavated […]
George Maponga — Masvingo Bureau President Mnangagwa is expected to commission an Amarula Fruit Processing and Value Addition Plant at Rutenga Growth Point in Mwenezi today. The project is set to economically transform the largely rural district. The commissioning of the plant dovetails with the Second Republic’s rural industrialisation strategy which is crucial towards the […]
After the European car industry moved much of its production into Eastern Europe, some believe the next step is Africa, both for production and a growing consumer market. Should Germany’s eastern neighbors be worried? Morocco is an emerging automotive manufacturing hub, while South Africa has a history of carmaking. But multinational vehicle manufacturers are also […]
Dike Onwuamaeze The manufacturing sector led the growth recorded by Nigeria’s private sector in the month of September as the economy retained its steadied growth in the third quarter of 2021. This was disclosed in the Purchasing Manager Index (PMI) of the StanbicIBTC for the month of September, which stated that the private sector recorded […]
The operators in the Nigerian manufacturing sector and leaders of the organized private sector believed that the 2022 proposed budget came with doses of highs and lows, writes Dike Onwuamaeze Win some, lose some. This is an apt description of what the proposed 2022 budget offered to manufacturers and other players in the real sector […]
With more than 3 500 deaths reported in Namibia by the health ministry as a result of Covid-19 since the outbreak of the pandemic, funeral undertakers have been under tremendous strain due to a high demand for their services as well as to ensure the supply of coffins. According to Alex Shimuafeni, Statistician General at […]
President Mnangagwa yesterday called on Zimbabwean scientists and innovators to leverage on traditional natural herbs like Zumbani in developing new products in the biotechnology industry. The President said this as he launched a new cough syrup developed by the National Biotechnology Authority (NBA). The cough syrup, Cofsol, is a local product composed of Zumbani (Lippia-Javanica), […]
A third major steelworks is now scheduled for Zimbabwe as the country moves rapidly forward as a major steel producer in Africa with local firm Steelmakers set to start building a steel mill in Masvingo capable of smelting 200 000 tonnes a year. The investment, to be spread over more than two years will see […]
The Uganda Industrial Research Institute (UIRI) says it is stuck with several local start-up industrial projects that have failed to mature and stand on their own without extra government support. The UIRI executive director, Prof Charles Kwesiga, said in a recent interview that they are stuck with some start-ups they started incubating as far back […]
Akure — The Governor of Ondo State, Oluwarotimi Akeredolu, has decried importation of glass into the country despite the huge availability of the needed raw materials for its production in the state. Governor Akeredolu spoke on Thursday while receiving investors from the Horn Glass Industries from Germany led by the Chief Executive Officer, Mr Stephan […]
The President of the Dangote Group, Mr. Aliko Dangote, explains why he jettisoned the easy way of making money from buying and selling of commodities to venture into the much challenging business environment of manufacturing Nigeria. He also speaks on what the African Continental Free Trade Area (AfCFTA) agreement means to the group in a […]