The government’s substantial infrastructure programme outlined in the National Development Plan is expected to drive demand for steel over the next decade, says Trade and Industry Deputy Minister Mzwandile Masina. He told over 250 delegates to the Organisation for Economic Cooperation and Development (OECD)/South AfricaWorkshop on Steelmaking Raw Materials, in Cape Town, that he expected steel demand, both upstream and downstream,.... Read more »

Posted on : Wednesday , 17th December 2014

 Given its large mining potential, African economies are expected to play an increasingly important role in producing raw materials for the production of steel. The Organisation for Economic Cooperation and Development (OECD) said it was expecting growth from  South Africa, in particular, which accounted for 74% of Africa’s total production of iron-ore and 80.4% of its exports in iron-ore in 2012. Mozambique was also an.... Read more »

Posted on : Wednesday , 17th December 2014

Increased trade between India and East Africa will be driven by private sector-led development, supported by investment from Indian businesses, said participants at a recent workshop organized as part of a United Kingdom government-backed project on Supporting India's Trade Preferences for India (SITA), implemented by the International Trade Centre (ITC). Business leaders joined policymakers and representatives of international organizations.... Read more »

Posted on : Tuesday , 16th December 2014

 Coleman Technical Industries Limited (CTIL) has received the Standards Organisation of Nigeria's (SON's) endorsement to produce high quality voltage cables in the country.\ Director General, SON, Dr. Joseph Odumodu said the endorsement is coming on the heels of the agency's commitment to drive industrialisation in the nation through standardisation. Odumodu during a courtesy visit to CTIL, added that the investment also indicates the.... Read more »

Posted on : Tuesday , 16th December 2014

 Medtech Ceramics Manufacturing Plc (MCM), a ceramic and sanitary ware manufacturer, is expecting the delivery of two ceramic manufacturing machines in three months, for the factory which could begin operation in 10 months. MCM was established jointly by Medtech Ethiopia Plc and Sheikh Faisal bin Al Qasimi, chairman of Julphar Gulf Pharmaceutical Industries, and Star Group Holdings. The Company, established six months ago with a capital of.... Read more »

Posted on : Tuesday , 16th December 2014

 SOME 10 million US dollars (17.22bn/-) has been closed in escrow and up to 3,642,857 common share purchase warrants for an institutional lender that will provide money to develop Buckreef gold mine project jointly owned by Tanzanian Royalty Exploration Corporation (TRX) and State Mining Corporation (Stamico). In a statement issued, TRX Chief Executive Officer, James Sinclair said the facility may be increased to 15 million US dollars.... Read more »

Posted on : Tuesday , 16th December 2014

 CIL officials said that India would start receiving coal from the Mozambican mine within the next three to four years. “The final phase of exploration for CIL’s A1 and A2 mining blocks at Tete Province is complete. Coal sampling is in progress. A geological report and detailed project report will be prepared. We hope to start mining within next six months to a year,” added a senior official of CIL. If the plans of the.... Read more »

Posted on : Monday , 15th December 2014

 According to the company, the newly opened factory is part of the country's move to position itself and East Africa as a key investment hub in sub-Saharan Africa. Adan Mohamed, industrialisation and enterprise development cabinet secretary of Kenya, said, "From a global perspective, many industrialised nations have had the textile and apparel sectors as their pioneer sectors to achieve industrialization. Investments in the textiles.... Read more »

Posted on : Monday , 15th December 2014

 Adelia Pimentel, marketing and communications executive at SEIFSA, said, “It is of paramount importance that companies play a crucial role in socio-economic upliftment and are recognised for their contributions and encouraged to continuously do more.” Ten categories have been shortlisted for awards such as “Most Innovative Company of the Year” for the company that has shown the high creativity in research and.... Read more »

Posted on : Monday , 15th December 2014

 Keen on expanding its small electricity generation capacity to support an industrialisation drive, the east African country is currently pursuing several multi-billion-dollar projects, most of them in hydropower generation. Officials previously said the government was also looking for investors to develop solar energy and other renewable sources of power such as biomass, waste energy, geothermal and wind power. The state-run Electricity.... Read more »

Posted on : Monday , 15th December 2014

 A three-day meeting of experts opened on Monday this week at the African Union Headquarters in Addis Ababa in advance of the 9th Ordinary Session of the African Union Conference of Ministers of Trade to be held on 4-5 December. The experts are deliberating the implications of mega regional trade agreements and current investment trends in the context of Africa's commitment to forge its economic integration. The discussions are particularly.... Read more »

Posted on : Thursday , 11th December 2014

 General Electric (GE) has awarded Nexus Alliance Limited, contract for the technical training and capacity development of all personnel that will be engaged at its (GE's) Multimillion dollar Manufacturing and Assembly facility situated in Calabar, Cross River State. Vice Chairman of GE Mr. John Rice, this in Abuja during a recent visit to Nigeria. He said the contract award was in fulfillment of the pledge made by Chairman of GE, Mr. Jeff.... Read more »

Posted on : Thursday , 11th December 2014