Market News| Africa Business News

South African aluminum firm to build 90-job manufacturing plant in Henderson

Henderson County can expect 90 new jobs in the community possibly as soon as the end of 2017. And, according to one official, that's just the start. Hansens Aluminum LLC , a company based out of South Africa, announced Thursday that they plan to build an $18.4 million manufacturing facility at the Henderson County Riverport. "We're trying to open up to a broader market by being in Henderson," said Jared Pudney,.... Read more »

Posted on : Wednesday , 23rd November 2016

AIIB expects to support African industrialization in cooperation with UNIDO

The Asian Infrastructure Investment Bank (AIIB) expects to cooperate with UN Industrial Development Organization (UNIDO) in boosting industrialization development in Africa in the future, Jin Liqun, President of AIIB on Monday told Xinhua. Attending 50-year anniversary of UNIDO in Vienna, Jin said AIIB shares the inclusive and sustainable industrial development mandate with UNIDO, and could cooperate with the organization in the.... Read more »

Posted on : Tuesday , 22nd November 2016

Hydro Industries opens water plant for 82 African villages

Llangennech-based Hydro Industries officially opens a treatment plant, which it has designed and manufactured, in Sudan on Saturday. It will deliver 8.5 million litres of water to 82 villages every day. The opening coincides with the 10th anniversary celebrations of the Welsh Government's Wales for Africa programme. Wales for Africa was launched in response to the Make Poverty History campaign and encourages Welsh people and.... Read more »

Posted on : Tuesday , 25th October 2016

Omron launches new industrial robots in SA

South Africa is one of 39 countries globally to benefit from Omron’s worldwide launch of 49 new. The robots are integrated with Omron’s family of sensors, safety components and award-winning NX/NJ series machine automation controllers to simplify the implementation of robots in a production environment. The company says these flexible and agile new solutions are ideally-suited to the local food and beverage, automotive.... Read more »

Posted on : Friday , 21st October 2016

Africa: COMESA States Urged to Increase Power Generation for Industrial Use

Member states of the Eastern and Southern Africa (COMESA) have been urged to enhance power generation capacity to support industrial growth and increase access by rural areas. Dr Kipyego Cheluget, the COMESA assistant secretary general, said access to power for industrial and commercial use is a key driver of growth and job-creation. Speaking in statement ahead of the third edition of the iPAD Rwanda Energy Infrastructure.... Read more »

Posted on : Thursday , 20th October 2016

Cipla signs deal to set up first biosimilars unit in South Africa

Indian pharmaceutical major CiplaBSE 0.55 % has signed a memorandum of agreement for South Africa's first biosimilars manufacturing facility to be set up at a cost of nearly $91 million. The agreement with KwaZulu-Natal Dube Trade Port Special Economic Zone for Cipla BIOTEC's new facility was concluded on the margins of BRICS Summit in Goa, said the South African Ministry of Trade and Industry in a statement here.... Read more »

Posted on : Wednesday , 19th October 2016

Twinsaver invests R580 million in equipment

THE multimillion-Rand investment in production equipment by local tissue manufacturing company, Twinsaver, will boost supplies to the local and export markets as well as maintain the company’s leading position in the sector. The company, which has been operating in South Africa for over 60 years, has announced an investment of R580 million (US$42 million) at its Bellville and Kliprivier operations in the Gauteng and Western Cape.... Read more »

Posted on : Tuesday , 11th October 2016

Fixturlaser South Africa expands its product offering with the introduction of the ONEPROD Hawk from Fixturlaser

The Hawk is a machinery diagnostic tool designed to give mechanics instant, on-demand feedback of the health of their rotating assets. The Hawk will identify machine defects, provide advice on how to fix the problem, and generate a detailed report on the health of the machine, says Managing Director of Fixturlaser South Africa, Steve Gething. The Hawk is a mechanic's tool. With its built-in engineering expertise, straightforward.... Read more »

Posted on : Wednesday , 5th October 2016

East Africa: Kigali Waste-Energy Firm Seeks to Expand in East Africa

A Kigali-based sanitation company is considering selling its waste-to-energy business model to cities across East Africa as it seeks to tap into the region's garbage disposal crisis. Pivot Works Ltd, which runs its demonstration facility in Kigali, converts human waste into solid fuel then sells it to local manufacturing companies as a replacement for coal. The plant uses a dewatering machine to transform toilet waste.... Read more »

Posted on : Wednesday , 5th October 2016

Tanzania: Sido Set for Reforms As Industrialisation Agenda Gains Pace

Dar es Salaam — The Small Industries Development Organisation (Sido) is planning to transform itself into a giant institution that capable of providing technological, training and financial support for small and medium entrepreneurs (SMEs) under one roof. The move is aimed at stimulating the growth of the industrial sector in line with the government's goal to turn Tanzania into a semi-industrialised nation in the coming.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: CTI - Business Friendly Govt Key for Growth

Dar es Salaam — The government has been advised to ensure drivers of industrialisation are in place to achieve and linked to attain the targets. There should be hard and soft infrastructure. Hard infrastructure includes roads, railways, ports, air and water system while soft infrastructure such as human resources and skills and finance. Confederation of Tanzania Industries chairman Samuel Nyantahe told.... Read more »

Posted on : Monday , 3rd October 2016

Tanzania: Industrialisation Plan Feasible - TBL

Dar es Salaam — Tanzania's industrialisation goals are achievable, a Tanzania Breweries Limited (TBL) Group official has said. He calling upon the country to learn from others that have undergone through similar processes. The TBL Group and East Africa technical director, Mr Gavin Van Wijk, said by learning from other countries' experiences, Tanzania would be able to design the best industrialisation approach to.... Read more »

Posted on : Saturday , 1st October 2016