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

The Tanzanian Business Registration and Licensing Agency (BRELA), has recently launched an online platform to register companies that will reduce the time of issuing a business certification from three days to one hour.   The new system, created by BRELA’s staff using intern funds, is replacing the software Property Data Profiling (PDP) system developed by a local-private company at a total investment of TZS 800 million which was.... Read more »

Posted on : Tuesday , 3rd November 2015

The Ethiopian Government has recently announced that it will soon open an embassy in Tanzania’s commercial capital, Dar es Salaam, to further support the recent growing bilateral trade between both countries.   The announcement was done by Ethiopia’s Minister for Industries Ahmed Abtew in Addis Ababa, where he receive the Tanzania’s Permanent Secretary in the Minister of Industry and Trade Uledi Mussa to share his.... Read more »

Posted on : Tuesday , 3rd November 2015

The Alabama trade and business development mission to Africa which visited Tanzania’s commercial capital, Dar es Salaam to hold business to business matchmaking meetings, has recently concluded its trip announcing that basis have been set for the development of strategic collaboration and new markets.   The business trip to Tanzania aimed at exploring trade and investment opportunities to enhance relationships developed in 2013 when.... Read more »

Posted on : Tuesday , 3rd November 2015

 The effort of the federal government towards making gas accessible and affordable to Nigerians through its National gas master plan received a boost on Thursday with the inauguration of a new ultra modern $150 million steel pipe mill by President Muhammadu Buhari.   Buhari who was represented by the Secretary to the Government of the Federation (SGF), Babachir Lawal, said the company established by Setraco Construction Company (SCC).... Read more »

Posted on : Tuesday , 3rd November 2015

 It has recorded remarkable improvement in the world's ranking of best destinations for doing business.   The latest edition of the Ease of Doing Business report published by the World Bank and released this week has listed Kenya in position 108, up from the previous 136, making it one of the three most improved countries in the world.   Essentially, the jump is attributed to the Huduma Centres initiative, which has brought.... Read more »

Posted on : Tuesday , 3rd November 2015