THE official visit to Tanzania last week of more than 50 Norwegian business leaders led by Minister of Trade and Industry, Ms Monica Maeland, has come at a time when bilateral business ties are witnessing strong momentum. Tanzania has for several decades been one of the most important countries to Norwegian development cooperation. Norway is today heavily involved in climate change issues, strengthening of public revenue management, clean.... Read more »

Posted on : Thursday , 24th September 2015

Kenya and Norway are seeking close business ties to strengthen economic growth and create jobs in the two countries. A high-powered business delegation from Norway is in the country led by the nation’s Minister of Trade and Industry Monica Maeland to seek available business opportunities in Kenya. According to Kenya’s ministry of Foreign Affairs and International Trade, the volume of bilateral trade between the two countries.... Read more »

Posted on : Thursday , 24th September 2015

Kenya is among 12 countries set to benefit from a new initiative that is aimed at strengthening science, technology and innovation in Africa. The Science and Granting Councils Initiative in Sub-Saharan Africa will offer opportunity to member states to boost their science systems to support national and regional development. Although many African countries still face major hurdles in funding research, the Government expressed its commitment in.... Read more »

Posted on : Wednesday , 23rd September 2015

Some senior Kenyan officials will visit China for a one-week training program sponsored by China’s Ministry of Commerce to learn innovative strategies to catalyze industrial progress in the east African nation. Kenya’s Principal Secretary in the Ministry of Industrialization and Enterprise Development Wilson Songa said on Tuesday that the visit will boost Sino-Kenya industrial cooperation.   "This year’s visit to.... Read more »

Posted on : Wednesday , 23rd September 2015

 Hangzhou — Chinese Vice President Li Yuanchao called on China and Africa to draw on private investment in their industrial cooperation when he addressed the fourth China-Africa People's Forum in Yiwu of east China's Zhejiang Province on Wednesday.   The city is known as the world's largest wholesale market for small consumer goods and is home to more than 3,000 African businessmen.   As China works to upgrade its.... Read more »

Posted on : Friday , 18th September 2015

 Metallon Corporation has acquired new equipment for its subsidiary, Arcturus mine in a move expected to turn around operations at the mine, a company official said. Metallon recently announced its intention to spend over $20 million on new projects this current financial year to increase production volumes as gold prices remain unpredictable on the global market.   Metallon chief executive Mr Kenneth Mekani highlighted the company's.... Read more »

Posted on : Friday , 11th September 2015

 An Angolan investment group has agreed to develop an industrial hub in Lubango, Angola for US$350mn brewery-pixabaySTI's investment will be used to develop a brewery, mill, slaughterhouse, soft drink plant as well as a dairy products factory.  The investment is being made by Silvestre Tulumba e Investimentos (STI), an Angolan investment firm that specialises in real estate, car trade, hospitality and distribution of food and spare.... Read more »

Posted on : Thursday , 10th September 2015

 The Nigeria Industrial Revolution Plan (NIRP) is likely to increase the annual revenue of the nation’s manufacturing sector to US$25bn, said Nigerian minister for industry, trade and investment Olusegun Aganga construction The minister said that the goal of the NIRP was to increase the contribution of the manufacturing sector’s GDP from the current seven per cent to more than 10 per cent in the next five years. The NIRP, a.... Read more »

Posted on : Thursday , 10th September 2015

 Ethiopia is planning to invest US$1bn in industrial parks over the next decade to boost exports, improve the textile sector and enhance the country’s overall position as a major manufacturer   Arkebe Equbai, special advisor to the Ethiopian Prime Minister said, “In terms of industrial development and manufacturing development, we want to make Ethiopia number one in Africa.” The East African nation has targeted a.... Read more »

Posted on : Wednesday , 9th September 2015

 The East African Community (EAC) and the World Bank today hosted a convention to assess the challenges and opportunities in improving connectivity along key trading corridors to facilitate regional integration in East Africa. The Integrated Corridor Development convention, held at the UNESCO headquarters, brought together representatives from major bilateral and multi-lateral donor organizations, to discuss solutions to facilitate the.... Read more »

Posted on : Monday , 7th September 2015

Focusing on South Africa's 'Big Five' growth opportunities could deliver significant GDP growth, create jobs and confound a rising sense of pessimism about the nation's future prospects. A new report released today by the McKinsey Global Institute and the global management consultancy's Johannesburg office, sets out a series of tangible measures - deliverable in the short to medium term - which could provide the means to reignite South Africa's.... Read more »

Posted on : Monday , 7th September 2015

ArcelorMittal SA said on Monday it had "no option but to commence consultations" with stakeholders regarding the closure of its melt shop and forge at its Vereeniging specialised steel works. It also said it would review its unprofitable main Vanderbijlpark works and associated group corporate services, with a view to optimising structures and costs. This would be concluded by the end of October after consultations with all employees.... Read more »

Posted on : Monday , 7th September 2015