Nairobi — The government will focus on select value chains to grow manufacturing to create jobs, President William Ruto has said. The President said the identified value chains have significant untapped industrial potential and will create thousands of jobs. “We see leather, pyrethrum, cotton, textiles and apparel, pharmaceutical, edible oils as value chains whose industrialisation […]
Tag: Manufacturing
The Absa Purchasing Managers Index (PMI), a key barometer of confidence in the manufacturing sector, declined in May to 49.2 from 49.8 in April. This signals that manufacturing output in Q2 is contracting after an expected small bounce in Q1. The decline in May was the fourth consecutive month that the index “signalled a deterioration […]
Prospect Lithium Zimbabwe (PLZ), a member of Zhejiang Huayou Cobalt Company Limited, a global battery maker, says it has extracted 30 000 tonnes of lithium with their plant still at commissioning stage. Full production is yet to commence as the company is still testing machines at its Goromonzi plant. The company’s Public Relations Manager, Rugare […]
Nairobi — Kenya will unveil its first locally made smartphones in the next two months as the government seeks to increase internet-enabled mobile phone penetration in the country. ICT Cabinet Secretary (CS) Eliud Owalo said that the expensive cost of the devices has been a hindrance to digital inclusion. The gadgets, which are assembled at […]
Ethiopia’s underfunded industrial sector is facing a setback since commercial banks have failed to offer adequate credit to manufacturers, according to a recent Ministry of Industry report spanning a nine-month period. Only 3.3 billion birr of the entire 20 billion birr loan that was meant to be disbursed by the end of the third quarter […]
President Dr. Lazarus McCarthy Chakwera has asked Kenya’s largest juice maker, Kimani Rugendo, to consider investing in Malawi where fruits are readily available to serve as his raw material for his business. Chakwera made the sentiments when he met Rugendo in Kenya on Tuesday on his way back from the United Kingdom (UK) where he […]
Harare — Fast fashion is a significant contributor to water contamination and pollution, and has a significant negative environmental impact on the world’s water supply. To draw attention to the rising water contamination, Yvette Tetteh, a Ghanaian activist, is swimming the roughly 500-kilometer-long Volta River, including Lake Volta, according to VOA. The country’s water systems […]
Addis Ababa — Delegations from Zambia, Niger, Tanzania and Cote d’Ivoire today visited ONE.KOO Coffee Factory, a coffee processing factory owned by Oromia Coffee Farmers Cooperative Union in Gelan town. The visit was accompanied by the Chief Administrator of Oromia Regional state, Shimelis Abdisa and other regional state officials. Oromia Coffee Farmers Cooperative Union is […]
A fifth vehicle-assembly plant has been established in the country. Owned by Rana Motors and located at Amasaman, a community 26 kilometres from Accra towards Nsawam, the plant was inaugurated by President Nana Addo DankwaAkufo-Addo yesterday. There are already the stories of VW, Toyota, Nissan and Renault, in addition to native Kantanka Motors. The government […]
The country’s Purchasing Manager Index (PMI) came in at 53.8 for the month on increased production level and an improvement in new businesses Nigeria’s manufacturing activity pulled off a sharp growth last month, shaking off successive contractions in the two months preceding April. The growth was recorded as the squeeze resulting from the central bank’s […]
President Abdel Fattah El Sisi asserted Monday that the State was ready to support companies to increase the local components of Egyptian products. Commenting on the word of FUTEC Technologies Company president marking Labor Day, Sisi said: “I am ready to support you to increase current ratio of local components from 50 to 60 percent”, […]
Kisii — The British High Commissioner to Kenya, Jane Marriott, and Kisii County Government have commissioned a 70-tonne avocado oil extraction project in Kisii County. The newly commissioned factory will utilize avocado sourced locally from farmers to produce avocado oil mainly for the export market. Speaking during the commissioning of the project in Kisii, the […]
Widespread reports by firms indicated that customers were unable to commit to spending in the face of the cash crunch Nigeria’s manufacturing sector shrank for the second month in a row in March as cash scarcity in Africa’s biggest economy hampered private sector activity. The development forced output and new orders to drop at rates […]
First Lady, Clar Marie Weah has praised Blue Lake Manufacturing Incorporated for the establishment of Liberia’s first Mayonnaise Factory, describing the endeavor as a major boost to the Liberian Economy. Mrs. Weah mentioned that the new Factory will provide jobs to many Liberians. The First Lady was speaking Friday, March 24, 2023, at Ceremonies marking […]
President Museveni has flagged off the export of military consignments manufactured by Southern Ranger Nyanza Limited(Nytil)to Equatorial Guinea. The consignment included 5,400 cartons of army uniforms and accessories for the Equatorial Guinea army manufactured in Uganda. The items were first displayed to President Museveni before the Minister for Defence, Vincent Ssempijja officiated at the flagging […]
THE public health sector in Zimbabwe will be buying drugs directly from manufacturers, freezing out the middlemen and their mark-ups and commissions, and boosting the percentage of drugs where those manufacturers are Zimbabwean companies, Parliament has been told. These are among the measures Government is taking to reduce costs and improve drugs availability in public […]
COTTCO has challenged cotton farmers to meticulously grade their seed cotton and ensure they sell high quality produce that fetches correspondingly high prices. In a twitter posting, Cottco yesterday implored farmers to pay attention to the fibre quality of the crop during the grading process. “Fibre properties matter in cotton grading as they have an […]
Year 2022 would be remembered by operators of Nigerian manufacturing sector as a year marked by shocks, risk and turbulence. Right from the outset, the operators of the Nigerian manufacturing sector knew that 2022 would be a bumpy ride. In the first quarter of the year, the President of Nigeria Employers’ Consultative Association (NECA), Mr. […]