The House of Representatives yesterday urged President Muhammadu Buhari to dedicate and release a special fund, in the sum of N3 billion for the immediate take-off of local production of firearms and ammunition, through the partnership of Defence Industries Corporation of Nigeria (DICON) and Kaduna National Metallurgical Development Centre (NMDC), to combat the rising wave […]
Tag: Manufacturing
Starting January, the Government will roll out tax incentives, for two years, to help stimulate investments in the manufacturing and the construction sectors as well as speed up business recovery from the Covid-19 effects. The relief is under an initiative known as ‘Manufacture and Build to Recover Programme’, which was approved by cabinet this week. […]
Chemical and Construction Inputs Industry Development Institute (CCIIDI) announced that it has planned to earn about 1.3 billion USD from exporting Chemical and Construction products during the coming ten years. Yonas Abate, Rubber and Plastic Industry Development Directorate Director at the Institute told The Ethiopian Herald the institute has planned to collect about 1.3 billion […]
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Tanzania: Cement Dealers Lower Prices
TRADERS in most parts of the country have started implementing the government directive that requires them to sell cement at indicative prices. Last Monday, Prime Minister Kassim Majaliwa warned traders who harbour profiteering motives through the hoarding of ce- ment, saying doing so amounted to economic sabotage and they would be dealt with in accordance […]
Manufacturers operating in Rwanda currently produce below capacity, lack skilled labour, grapple with high cost of raw materials, and access to working capital is problematic. These are just but a few challenges among many that still limit the manufacturing growth fortunes, despite the sector considered key to driving economic growth and transformation. When the Covid-19 […]
Rwanda has launched a six-year $100.37 million (approx. Rwf127 billion) dairy development project which intends, among others, to increase income of targeted rural households, and build resilience of the dairy sector against climate change as it raises its output, The New Times understands. It seeks to deal with climate change and variabilities that influence feed […]
As world leaders often gather to discuss alarming climate concerns, including the most recent Conference of Parties (COP) gathering in Cairo, Egypt, it serves everyone in the manufacturing sector well to remind ourselves of the long-underappreciated duty among those who manufacture, to consider the environment. Green manufacturing has been defined as a commitment to using […]
With nearly 80 percent of the world’s users of risky forms of tobacco living in lower-middle-income countries (LMICs), the poor uptake of safe nicotine products in these countries remains a cause for concern. A myriad of shortcomings have enabled the tobacco industry to expand its markets in at least 137 World Bank rated LMICs by […]
Zimbabwe has raised a red flag after reportedly being denied a chance to take part in the process of selecting a strategic equity partner for Tongaat Hulett Limited (THL) that was given to a Tanzanian firm, Herald Finance and Business can reveal. Kagera Sugar Limited, a sugar manufacturing company in the northwestern part of Tanzania, […]
Geneva/Accra — Gavi’s Board today approved the establishment of the African Vaccine Manufacturing Accelerator (AVMA), a financing instrument that will make up to US$ 1 billion available to support sustainable vaccine manufacturing in Africa Efforts to translate pandemic learnings into concrete action further include the establishment of a US$ 500 million First Response Fund to […]
Femi Yusuff is the Head of Mortar, Innovation & New Products Development for Lafarge Africa Plc., where he focuses on the use of Cement, Concrete, and Mortar materials in roads, buildings, and civil engineering structures. He discussed these processes with Bennett Oghifo Works at Lafarge Femi is currently focused on the use of Cement, Concrete, […]
The Manufacturers Association of Nigeria(MAN) has said, the redesign of Naira notes, among other factors, have negatively affected the economy and tends to worsen employment in the first quarter. Manufacturers’ index report showed that employment rate will fall below benchmark points to 48.8 points in the first quarter of 2023. The association noted that, “the […]
Economists have urged African countries to shift to low-cost manufacturing – the path that led countries such as Hong Kong, Singapore, South Korea and Taiwan – to industrial prosperity. These East Asian economies – which recorded high growth rates of at least 7% between the 1950s and 1990s – are commonly referred to as the […]
The COVID-19 Technology Access Pool (C-TAP), a multi-stakeholder partnership to facilitate sharing of intellectual property (IP), knowledge and innovations has announced three new licensing agreements acquired through the Medicines Patent Pool (MPP). The agreements include the following licenses to transfer know-how, materials and clinical data needed in different countries: Medigen Vaccine Biologics Corp, the first […]
The National Agency for Science and Engineering Infrastructure (NASENI) will soon unveil its Made-in-Nigeria military weapons and equipment even as the Nigerian Army has lent its support to domestication of these weapons, saying it would strengthen the fight against insurgency, banditry and other security threats in the country. This was disclosed in a statement issued […]
Lagos, Kano — Manufacturers have expressed concerns as the price of diesel has risen to N1,275 per litre in Lagos and above N1,300 outside the state, Daily Trust can report. The product is selling for N1, 270 per litre in Kano State and above that outside the metropolis. This implies a 26 percent increase in […]
South African President Cyril Ramaphosa acknowledged that this year’s AGOA Forum is taking place at a time when the world is facing difficulties from climate crisis challenges, raging wars, high inflation in a number of countries, and anaemic economic growth,as seen by the World Bank and the IMF, in his opening address in Johannesburg. “As African […]
It is time for Africa to focus on producing vaccines for its population. In February 2021, UN Secretary-General, Antonio Guterres highlighted vaccine equity as “the biggest moral test before the global community.” This statement was evident during the COVID-19 pandemic which exposed the vulnerability of Africa’s health systems and amplified the urgency for the continent […]