The marking of the 50th Anniversary of the Manufacturers Association of Nigeria (MAN) provided the opportunity to bring together the movers and shakers of African economy, which included policy makers, industrialists, academicians, regulators and bankers to discuss the challenges and prospects of making African manufacturing a globally competitive industry. The President of the Manufacturers Association […]
Tag: Manufacturing
THE huge import bill decline has enabled the country to save US$38,1 million, the Reserve Bank of Zimbabwe’s (RBZ) has said in its latest economic review report. The document, which covers the period ended April 30 2021, says the import bill was relatively lower when compared to the previous month. “Merchandise imports eased by 7,2%, […]
Listed tyre manufacturer and distributor, National Tyre Services (NTS) has recorded a 136% overall volume performance on the back of increased demand and strategic planning. In a trading update for the period ended June 31 2021, the tyre manufacturer said recovery was recorded across the segments. “New tyre volumes increased significantly by 162% when compared […]
Deputy News Editor Zimbabwe is set to get an injection of around US$1 billion, its allocation of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF) today, with part of the money earmarked for health, manufacturing, agriculture, education and mining. IMF member countries started getting their shares of the new special issue SDRs totalling […]
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Nigeria: Hazards of Plastics Litter
It’s time to control the reckless use of plastic materials Scientists have raised global concern that plastics pose unimaginable danger to humanity and may reach crisis levels unless deliberate actions are taken to reverse the trend. The warning is particularly important for Nigeria since it is believed that plastic bags that are used daily can […]
Monday, 9 August 2021, Yaoundé – More than 30 young Cameroonian activists crowded in front of the headquarters of the European Union Delegation in Cameroon’s capital, Yaoundé, this morning to demand the end of the EU support for rubber originating from rainforest destruction. The mobilization took place while the European Commission in Brussels is drawing […]
THE government has embarked on formulating a first national policy on local content, which will guide on how citizens benefit in opportunities arising from foreign direct investment projects. The initiative came at time when the country witnessing a number of FDIs but mostly lacks national level policy on local content-but mining, and oil and gas […]
Ethiopia’s leather and leather products await a rosy future. The country has been facing different challenges along with developing the sector for the past decades. However, the government has now come up with new strategies and policy measures to activate the sector. According to the Central Statistics Agency (CSA), Ethiopia is generously endowed with livestock […]
ZIMBABWEAN-owned and South African-based car maker Mureza Prim8 is set to launch in the Namibian market next month. The car maker has so far released the first batch of units that are on the market in Zimbabwe and South Africa a fortnight ago. The Mureza (vernacular for flag in the Zimbabwean Shona language) is an […]
The Manufacturers Association of Nigeria (MAN) has called for the review of the available forex policies and guidelines to support manufacturing at this precarious time. Director-General of the Association, Seyun Ajayi-Kadir who commented on the Central Bank of Nigeria (CBN) forex policy, stressed that the exclusion of items from the official forex window and concessional […]
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Zimbabwe: Varun in Growth Trajectory
One of the country’s fastest growing beverages manufacturer, Varun Beverages, is the second largest franchise bottler of PepsiCo with presence in many Asian and African countries. There is reasonable demand for Varun Beverages’ products including newly launched Aquaclear bottled water due to its world class quality at affordable prices. Aquaclear bottled water is available in […]
Over 20 million canned products including beans, sweetcorn, peas and spaghetti produced by Tiger Brands’ Koo and Hugo have been recalled following the detection of defective side seams in cans. An investigation was opened after at least 18 defective cans were discovered at a Tiger Brands facility in May. In a statement, Tiger Brands said […]
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Nigeria: Marketing Lessons of Covid-19
2020 was considered not too good for new businesses to enter any market but despite the odds, a few brands, including Amber Energy Drink took the risk and weathered the storm. Raheem Akingbolu takes a look at the circumstances that helped the brand to survive the turbulence. In the last 14 months, many businesses have […]
Real estate project owners are staring at higher costs following a demand-driven 50 per cent increase in global steel prices, amid supply chain disruptions in India and China caused by Covid-19. Steel is a vital component in the building industry, used to make roofing sheets, reinforcement bars, steel beams and columns, windows and doors, among […]
The Ministry of Agriculture (MoA) is making considerable efforts to improve production of organic food through promoting bio-fertilizers (BF) and bio-pesticides (BP). Even though the MoA has carried out a number of interventions for promoting natural pesticides and fertilizers over several years, the impact was not promising until 2020. In early 2021, the MoA, along […]
Kayonza Distribution Company Ltd, a local retail firm, has invested $10 million in a cooking oil manufacturing plant. The investment, according to Uzziel Ndagijimana, the Minister of Finance and Economic Planning, will help trim the import bill for cooking oil as well as improve the country’s trade balance. While presenting the national budget for this […]
World’s first index ranking the largest 35 fashion retailers causes concern amongst campaigners as companies average a score of 29 out of 100 Adidas and Gap Inc are among the best performing fashion brands at tackling gender inequality, according to a new index which found that most retailers are failing to support women in their […]
As new COVID-19 variants cause spikes in COVID cases across the continent with cases and deaths increasing by almost 40% in the past week – the acute imbalance in vaccine access across the world is on full display. Thankfully, governments and funders are responding. The WHO announced this week it was setting up a manufacturing […]