African start-ups and small businesses up to 10,000 stand to receive financial and technical support to the tune of Sh282.5 billion (€2.5 billion) under a newly launched entrepreneurship drive by visiting French President Emmanuel Macron.   The Choose Africa campaign seeks to ignite innovative and entrepreneurial ideas among African youth and help create home-grown jobs and wealth.    Africa holds the largest portion of.... Read more »

Posted on : Thursday , 4th April 2019

According to a new study by South Africa’s Rand Merchant Bank (RMB), Kenya, Rwanda, and Tanzania are bound to be among Africa’s most attractive investment destinations in 2019. This new study analyzes the countries’ economic and operating environments to assess their potential to attract investment. In East Africa, the report positions Kenya as the most appealing, ascribed to the political reconciliation after the.... Read more »

Posted on : Thursday , 7th February 2019

East Africa’s biggest cement companies have collectively turned their attention towards the market in Rwanda.  The situation in Rwanda is demanding for more cement after local manufacturers have struggled of late to meet the local demand due to the lack of available raw materials. Rwanda acquires 46 percent of its cement through imports with that number expected to rise substantially in the coming days and months. This has caused a.... Read more »

Posted on : Wednesday , 18th April 2018

German heavyweights, Siemens are proactively seeking to make in investment in mobility construction that will be used to construct the long awaited Isaka-Kigali railway line.    "We have the correct innovation for the rail framework and we are likewise mindful that the rail venture is searching for financing. This is one territory we are taking a gander at for conceivable venture," said Chief Executive Office of Siemens.... Read more »

Posted on : Wednesday , 18th April 2018

The Government of Kenya has made plans to use more automation services at the Mombasa port in a bid to meet the rising demands at the port. According to statistics from the Kenya Ports of Authority (KPA), the port serviced 17.5 tonnes of cargo in a six month period in 2017. This is a substantial increase from the 15.7 million sum recorded in 2016. Cabiniet Secretary, James Macharia, said that he expected the port is to receive more cargo,.... Read more »

Posted on : Wednesday , 18th April 2018

 Tanzanian Prime Minister Kassim Majaliwa has revealed that at least 25 companies have agreed to get onboard the government’s plans to ramp up the nation’s industrial operations. "So far, 25 companies have confirmed their willingness to invest in our country in support of the vision of turning Tanzania into an industrialized nation," Mr Majaliwa said as he presented a report on how the government was implementing the.... Read more »

Posted on : Friday , 12th January 2018

Tanzania’s agenda of industrialization is fast-gaining momentum. Statistics are indicating the registrations of approximately 3,000 small, medium and large scale industries with a number of government industries worth over 5trl in the past year.      This comes at a time when the international community is expecting a 6.5 to 7 percent growth in Tanzania’s economy. This statistic could see Tanzania break into the top.... Read more »

Posted on : Friday , 12th January 2018

Kenyan Industries are in the process of increasing their manufacturing output in a bid to boost exports. This vision is supported and shared by the Kenyan government, according to a statement from the administration.   The cabinet secretary of the Ministry of Trade and Industry, Adan Mohamed gave his view on the subject stating that Kenya’s exports have been low due to a narrow manufacturing base.   "We are therefore.... Read more »

Posted on : Wednesday , 18th April 2018

A new industrial park in Uasin Gishu is all set to be game-changer in the economic fortunes of the region. The African Zones Pearl River Industrial Park (AEZ) will be a part of the country’s development plans and is worth a whopping Sh200 billion. Dr David Langat,the chairman of the park weighed in saying that the region will now earn more from the agriculture value chain. He also added saying that landowners and farmers in Uasin Gishu,.... Read more »

Posted on : Wednesday , 18th April 2018

 Africa’s largest cement company, Dangote Cement Plc has stepped up their efforts for the economic emancipation of Africa by opening a cement plant in Mfila Congo Brazzaville. The plant will be equipped with a production capacity of 1.5 million tonnes per annum.   This new plant is valued at $300 million and will employ as many as 1000 employees directly and many more thousands indirectly. President Sassou Nguesso inaugurated.... Read more »

Posted on : Friday , 12th January 2018

 Siemens will be investing R5.5 million towards industrial automation and equipment for higher education institutes in Nigeria, Tanzania, Ghana, South Africa and Kenya.   Sabine Dall’Omo, CEO of Siemens Southern and Eastern Africa said in an official statement. The company’s newest investments will go towards aiding the development of locally engineered solutions. “In an African context, disruptive technology can be.... Read more »

Posted on : Wednesday , 18th April 2018

 Tharisa Minerals’ operations in the South-western region of South Africa for excavating platinum have received a boost as it has overseen an improvement in its mill circuit production performance by an impressive 36 percent. Tharisa Minerals managed to achieve this by replacing its cyclones with Cavex hydroclones from industrial equipment supplier, Weir Minerals Africa. The Cavex hydrocyclones have enabled the mine to recover 98 oz.... Read more »

Posted on : Friday , 12th January 2018