Bank of Industry (BoI) is allocating funds to deploy smart technology in manufacturing processes that can improve productivity and enhance growth factory pixabay pashminuBoI is keen to support manufacturing processes in becoming “smarter” and efficient.  BoI managing director Rasheed Olaoluwa has reaffirmed the organisation’s commitment to boost the manufacturing sector through its line of credit and sector-defined.... Read more »

Posted on : Friday , 18th December 2015

Ethiopia and Jordan have agreed to raise the existing business relationships to the highest level.   Opening the first Ethio-Jordan Business Forum yesterday, Industry State Minister Tadesse Haile said: "Investors from Middle East are said to be a part and parcel of Ethiopia's economic growth for they have been contributing to the economy by trading, investing and technically collaborating with Ethiopia".   He went on.... Read more »

Posted on : Thursday , 17th December 2015

The International Trade Centre (ITC) and the East African Community (EAC) today announced that the two organizations are launching a new, joint project to boost intra-African trade.   The Trade and Regional Integration Project (TRIP) for EAC was announced by EAC Secretary-General Dr Richard Sezibera and ITC Executive Director Arancha González on the margins of the World Trade Organization's Ministerial Conference taking place in.... Read more »

Posted on : Thursday , 17th December 2015

 NQI outstanding performers received certificates   Deputy Prime Minister Demeke Mekonnen said that the emphasis on GTP II is on quality, productivity and competitiveness of micro and small enterprises. The National Quality Infrastructure (NQI) institutions will play a critical role with the support of the Ministry of Science and Technology taking on an increasingly leading role as the main actor and champion of quality.... Read more »

Posted on : Wednesday , 16th December 2015

 The Week of the Programme for Infrastructure Development in Africa (PIDA) in Abidjan, Ivory Coast, focusing on the continent's infrastructural development ended today with resolutions that could catapult huge advances for Africa.   The PIDA Week, 13 to 17 November, is the first of its kind since it was endorsed by African heads of state in 2012 and it brings together partners in infrastructure in different areas including energy,.... Read more »

Posted on : Tuesday , 15th December 2015

Dar es Salaam — Finish government has granted Euro 2 million (about Sh4.7billion) to an organization working to unlock economic potentials in East Africa--TradeMark East Africa (TMEA)--to complete building houses for staff working at border posts.   The move is part of a bigger plan to facilitate a one-stop-centre in four border posts in Tanzania.   The system which was proposed by the East African Community (EAC) will reduce.... Read more »

Posted on : Monday , 14th December 2015

 After a long and winding journey that started when the World Trade Organization first chose Nairobi as the venue for its 10th Ministerial Conference, known by the acronym MC10, the time has come for us to actualize the dream of hosting the world in Africa. The meeting kicks off on Tuesday in Nairobi, where we expect to receive thousands of visitors.   It has been a year of hard work and tough negotiations. It has been a year of.... Read more »

Posted on : Monday , 14th December 2015

The Italian export credit agency SACE will join Italian companies on a trade mission, organized by the Ministry of Economic Development and led by Vice Minister Carlo Calenda to Ghana and Ethiopia. Vice Minister Calenda said on Tuesday (December 8) in Rome that the Italian Export Credit Agency (SACE) and other Italian companies now saw Ethiopia and Ghana as priorities in their plans to become African leading trading partners. Mr. Calenda.... Read more »

Posted on : Friday , 11th December 2015

 Atlas Development & Support Services Limited has announced it has completed its acquisition of East Africa Packaging Holdings Limited Atlas Development aleksandr huntaA glass bottle manufacturing facility will be built 45 km north of Addis Ababa, Ethiopia.The Chancho Project, which will be rolled out by East Africa Packaging Holdings, will involve designing a glass bottle manufacturing facility 45km north of Addis Ababa,.... Read more »

Posted on : Friday , 11th December 2015

Kenya's manufacturing sector is set to get a new growth stimulus when an Africa-wide trade pact that could provide access to a big market is implemented.   In June, African leaders signed a 26-nation pact -- the Tripartite Free Trade Agreement (TFTA) -- to create a common market covering half of the continent.   As the regional trade integration agenda is implemented, Kenya is expected to cash in on the combined GDP of over.... Read more »

Posted on : Friday , 4th December 2015

Happiness Zengeni and Tinashe Makichi Zimbabwe's economic fortunes are set to change dramatically once it is admitted into an exclusive group of countries being targeted by China for investment.   International Co-operation Centre-National Development Reform Commission of China director-general Dr Cao Wenlian told a China-Zimbabwe Business Forum yesterday that China was looking at admitting Zimbabwe into the priority list of African.... Read more »

Posted on : Wednesday , 2nd December 2015

 Crowns Paints Kenya Ltd is planning to construct a factory in the Western Kenya that will help reduce cost of transporting paint from its Nairobi plant.   The new plant which is also expected to help increase the output of the company will cost US$ 4m for it to be complete.   Chief Executive of Crown Paints Rakesh Rao confirmed the reports and said that the new plant will foster growth and better service in that region since.... Read more »

Posted on : Saturday , 28th November 2015