Major plans are underway to boost the capacity of micro, small and medium-sized enterprise players to enable them leverage on the African Growth and Opportunities Act (Agoa) through exports to the US market.   Experts say that despite the recent Agoa Extension and Enhancement Act of 2015, giving Kenya the opportunity to increase its trade volumes with the US, the country has failed to reach its potential.   In 2013, Kenya.... Read more »

Posted on : Monday , 23rd November 2015

 Kenya plans to reform its company law in order to allow foreign firms to establish local branches that can own 100 percent, a senior official said on Monday. Cabinet Secretary for Industrialization and Enterprise Development Adan Mohamed said during a business forum in Nairobi that Kenya recognizes the role that foreign capital plays in the economic development of the country and will create better environment for foreign.... Read more »

Posted on : Saturday , 21st November 2015

 Four industrial parks in Ethiopia will be constructed in the next two years that will cost US$ 2bn, a senior government official has confirmed.   Trade and industry State Minister Tadesse Haile confirmed that the concerned people have finalized on the inspection of four more parks in the eastern town of Dire Dawa, Kombolcha and Mekelle in the country’s North, and Adama in the capital’s south waiting for the launch that.... Read more »

Posted on : Friday , 20th November 2015

 Consortium investors from Tianjin, Northern China have pledged to establish an international procurement centre in Livingstone to facilitate the buying and export of Zambian products to China and possible markets.   A business delegation which is in Zambia to explore investment opportunities in the country have also pledged to invest more than US$20 million to establish manufacturing plants for various machines and products in.... Read more »

Posted on : Thursday , 19th November 2015

The Arki Mineral Water Bottling Factory constructed at a cost of 40 million Birr was inaugurated last Saturday. It has created permanent job opportunities for 110 citizens.   Speaking at the inauguration ceremony, Industry State Minister Dr. Alemu Sime said that the industry and service sectors make significant contribution to the country's economic development.Although the country's development has shown commendable achievements,.... Read more »

Posted on : Wednesday , 18th November 2015

Local steel company, Steely R.M.I., is supplying 44,075mt of reinforced steel bars worth 804.9 million Br to the government and signed a contract to this effect with the Public Procurement & Property Disposal Service (PPPDS) on November 9, 2015.   The government will pay this company 91 million Br more for the supply than if it had accepted the lowest offer. Steely's price of 18,262 Br per tonne was actually higher by a wide margin.... Read more »

Posted on : Wednesday , 18th November 2015

A LOCAL company, Tradecode Investments says it is close to securing a $20 mln investment from two separate investors for the construction of a steel manufacturing plant as well as a factory to produce PVC ceilings in Chiredzi.   The company’s managing director Venancio Kurauone said the investors from South Africa and China will each invest US$10 million in the two plants.   “BW Exporters of South Africa is a worldwide.... Read more »

Posted on : Friday , 13th November 2015

Indian billionaire Ravi Jaipuria is set to invest US$30 million in a Pepsi bottling plant in the country, promoters of the project said.   Entrepreneur Adam Molai, who is the promoter of the project, told businessdigest this week that Varun Beverages, Ravi's bottling business, would invest US$30 million in the first phase of the project.   Molai said the US$30 million would go into the installation of a pet, canning and bottling.... Read more »

Posted on : Friday , 13th November 2015

The industry-awaited inaugural staging of International Metal Technology Taiwan (iMT Taiwan) has garnered curious spotlight from market watchers and all-involved in the global metallurgy sector eager to see the latest innovations and technologies at the trade exhibition. Organized by Kaigo Co., Ltd. with the support of Messe Düsseldorf GmbH, iMT Taiwan will be held from 2 to 4 December 2015 at the Kaohsiung Exhibition Centre, Taiwan. .... Read more »

Posted on : Wednesday , 11th November 2015

 East Africa’s economic powerhouse Kenya is expected to see economic growth and improved foreign direct inflows, a leading analyst has predicted.   “We are expecting increased business in the country and region due to improved business confidence and growth potential in the east African and sub-Saharan region,” Eric Munywoki, Research Analyst at Old Mutual Securities told CNBC Africa.   “We expect this.... Read more »

Posted on : Saturday , 7th November 2015

 The Industrial Development Corporation this week hosted a Conference themed: "Driving South Africa's Competitiveness through Industrial Development."   Many interesting insights emerged from the Conference about how to strengthen South Africa's manufacturing capacity. However, what also emerged is that South Africa has a strong base from which to build.   In this regard, South Africa has developed an established,.... Read more »

Posted on : Wednesday , 4th November 2015

The ministry of trade and industry (Minicom), in partnership with the Export and Import Bank of India (EXIM), have come up with strategies that are geared towards promoting export growth in the country.   Speaking at a stakeholders' consultative meeting entitled 'Enhancing Rwandan Export Potential' yesterday, the permanent secretary of Minicom, Emmanuel Hategeka, said that the issuance of export credit insurance/ guarantees is important.... Read more »

Posted on : Wednesday , 4th November 2015