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

The Product Stewardship Programme (PSP) survey, conducted by the Southern African Vinyls Association (SAVA), focused on the levels of compliance of member companies with regards to the phasing out of heavy metals during the production process, as well as the recycling of PVC products. "One of the major objectives the local PVC industry had to meet this past year was the phasing out of potentially dangerous or hazardous heavy metals from.... Read more »

Posted on : Monday , 7th September 2015

Trade and Industry Minister Rob Davies has come to the rescue of the beleaguered steel industry, approving a 10% ad valorem duty on certain imported steel products, which currently enter the country free of duty.   Stringent conditions:   His approval, however, is subject to certain stringent conditions - including that steel producers refrain from increasing prices for the products subject to the duty and that they honour their.... Read more »

Posted on : Monday , 7th September 2015

THE rapid growth of the mining industry, especially in Central Africa, is being mirrored in the market for mining explosives and chemicals across Sub-Saharan Africa. Almost 65 percent of major and minor mining firms in the region indicated that they would increase expenditure on explosives and chemicals in 2015, thereby stimulating a tepid market environment.   The mining industry has been propelled by relative political stability in.... Read more »

Posted on : Monday , 7th September 2015

Tesla NanoCoatings and Norwegian Drilling Group have launched a new class of corrosion protection coatings targeting the oil and shipping industries. Corrosion in these industries is a major maintenance issue that can severely hamper operations. Tesla NanoCoatings' products utilize carbon nanotechnology to prevent corrosion and extend the life of oil platforms and equipment as well as ships.   "We are very excited to partner with.... Read more »

Posted on : Monday , 7th September 2015

 East Africa is emerging as a trade hub to rival sub-Saharan Africa’s two heavyweight states of South Africa and Nigeria, according to analysis by Barclays published on Thursday. However the UK bank identifies five “sleeping giants” that present significant new opportunities for foreign companies; Ethiopia, the Democratic Republic of Congo, Mozambique, Tanzania and Ghana.   This quintet which are “playing.... Read more »

Posted on : Friday , 4th September 2015