As the price of crude oil plummets globally, Nigeria is in for a hard time because most of her revenues come from crude oil sale. Unfortunately, not only is the price decreasing but also sales as many of Nigeria's customers have now either discovered crude oil in their country or are more dependent on renewable energy. Nigeria, blessed with abundant sunlight and wind, has no excuse not to make the most of these resources to generate.... Read more »

Posted on : Saturday , 20th December 2014

 Minister of Fishing and Fishery Resources Sid Ahmed Ferroukhi called Monday in Algiers to strengthen the inter-Arab cooperation in the field of fishing and aquaculture as well as to develop trading and investments. Speaking on the occasion of the 5th Arab Congress on Investment and Exploitation of Fishery Resources and Food Security, the minister urged the Arab countries to concentrate their development policies on the rational.... Read more »

Posted on : Saturday , 20th December 2014

 Angolan minister of Economy, Abahão Gourgel, Thursday in Luanda mentioned 403 investment projects of various sizes and various complexity in the Great Lakes region as having been identified in seven business sectors. Speaking at the Regional Consultation Conference on Private Investment Opportunities in Great Lakes Region, the minister said that the process follows the criteria that include the participation of at least two.... Read more »

Posted on : Saturday , 20th December 2014

 Stainless steel metal and inert gas (MIG) welding wire, locally produced by stainless steel bar and wire producer Wire Products Stainless Steel (WPSS) since 2010, was tested by the Italian Welding Institute, in Genova, in the past two months and found to be similar to products of European quality and standard, WPSS director Clinton Lautenberg tells Engineering News.   “The results from the Italian Welding Institute . . ..... Read more »

Posted on : Friday , 19th December 2014

 A Kenyan county on Monday called on Chinese investors to exploit opportunities that exist in infrastructure, agro-processing and tourism. Officer in Charge of Intergovernmental Coordinator at the Laikipia County Lantano Nabaala told a team of Chinese journalists that investors should tap the full gains of the county's natural resources. "Laikipia is rated as the fifth county in Kenya to invest in, and one of the best places to visit.... Read more »

Posted on : Friday , 19th December 2014

 Eight more companies have signed agreements with government committing to increase production and scale up exports. The companies are in the mining and manufacturing sectors and include Rwanda Plastic Industries, Rwanda Allied Partners, Minimex, Demikaru Ltd, East African Granite Industries and Development Mining Company Ltd. Under the agreements, companies committed to expanding the scope and mode of production along the value chain so.... Read more »

Posted on : Friday , 19th December 2014

 Investors targeting Africa are looking east as an oil-market rout depresses economic growth prospects in Nigeria and other crude-producing nations. Stocks have surged 22 percent in Tanzania, 18 per cent in Uganda and 9.4 per cent in Kenya since oil began falling from a peak of $115.71 a barrel on June 19. Lower fuel-import costs are helping to keep inflation and interest rates in check and bolster their economies. That contrasts with a 24.... Read more »

Posted on : Friday , 19th December 2014

 The Industrial Development Corporation (IDC) has issued a call for proposals to conduct a prefeasibility study (PFS) on the establishment of a soda ash, or sodium carbonate, manufacturing plant in South Africa.   The IDC said soda ash was used in a number of manufacturing processes and, while the production of natural soda ash was largely dependent on trona ore reserves, present in Wyoming, in the US, synthetic soda ash was.... Read more »

Posted on : Thursday , 18th December 2014

 The Federation of Gujarat Industries (FGI) hopes that its current, nine day, trade mission to South Africa will, on its own, generate at least $10-million in bilateral trade. So stated FGI senior VP and mission head Janak Seth at a trade briefing in Sandton (north Johannesburg) on Thursday. Gujarat is a coastal state in north west India.   While the state contains 5% of India’s population, it is responsible for 17% of the.... Read more »

Posted on : Thursday , 18th December 2014

 There is a growing willingness from industry to accept different stainless steel materials, particularly duplex stainless steels, Southern Africa Stainless Steel Development Association Fabricator Sector chairperson Gary Crawford tells Engineering News.   He says that, for example, 2304 duplex stainless steel is now quite often specified for fabrication, noting that sole South African stainless steel manufacturer Columbus Stainless.... Read more »

Posted on : Thursday , 18th December 2014

 The Intsimbi National Tooling Initiative continues to partner with the Department of Trade and Industry (DTI) and the Toolmaking Association of South Africa to provide workplace learning for students that wish to pursue a career in the manufacturing industry. To date, over a period of four years, companies in the manufacturing industry have provided more than 740 000 hours of on-the-job training to students as part of the tooling.... Read more »

Posted on : Wednesday , 17th December 2014

 Growth in the steel industry worldwide has stabilised following substantial fluctuations during the recession, but a fair amount of uncertainty remains, particularly as a result of structural change in the Chinese economy, according to WorldSteel Association director-general Edwin Basson. The global steel industry produced 1.53-billion tons a year and recorded growth of 3.8% in 2013, with 2% growth expected in 2014. Basson told an.... Read more »

Posted on : Wednesday , 17th December 2014