Market News| Africa Business News

AVIC International to set up headquarters in Nairobi-Kenya at US$ 200m

AVIC International Holding Corporation has made public their intent to establish their African headquarters in Nairobi, Kenya. The project will be undertaken at a cost of US$ 200m. The building will be set up on a 2,500 square meters piece of land and will include commercial units, a hotel, residential units and offices. The time frame set for the project to be complete is five years and it is expected to create 2000 jobs during the.... Read more »

Posted on : Friday , 21st November 2014

Tanzania to undertake construction of mining and smelting plants

Tanzania is planning to start local commercial production of iron ore and steel by construction of related smelting plants. The National Development Corporation (NDC) has said that the country is also expecting to produce 1.1 million metric tones per year, with the first batch export expected in four years’ time. Construction of the iron ore mining and smelting plants at Liganga is expected to start off early next year, while they.... Read more »

Posted on : Friday , 21st November 2014

Tanzania to construct a new extraction plant at US$ 4bn

A new soda ash extraction plant will be constructed at Engaruka basin in the North of Tanzania. Construction of the new soda ash plant, which will have a targeted production of one million tons of soda ash per year, will start end of this year. National Development’s Corporation acting managing director Mlingi Mkucha has said that the government is looking for strategic partner for the project. Construction of the new soda ash.... Read more »

Posted on : Friday , 21st November 2014

GGBL sets up manufacturing unit facility East Africa

According to the Africa Web, the equipment known as the Cube, is valued at US$4.2mn. The plant is currently producing Gilbey’s Gin, which was launched in Accra last month. The facility’s production manager Michael Akman said the new plant would give GGBL an opportunity to expand its operations and introduce a variety of premium brands to the African market. GGBL corporate relations director Preba Greenstreet said,.... Read more »

Posted on : Friday , 21st November 2014

South Africa s Scaw Metals to open US$40 million grinding plant in East Africa

According to the Ghana Herald, the plant is expected to become fully operational in 18 months. It will have the capacity to grind 50,000 metric tonnes of metals per annum. Scaw Metals produces chrome forged grinding media that are used in gold and copper industries. The company set up its regional sales office in Tema in 2011, which serves as its hub in West Africa. Scaw Metals chief executive officer Markus Hannemann said,.... Read more »

Posted on : Thursday , 20th November 2014

Unilever to build a US$90 million factory in Africa

The new factory has been scheduled to start production by 2014, incorporating Unilever’s latest manufacturing technologies. It will produce products from some of the company’s popular brand ranges including, Omo, Skip, Handy Andy, Domestos bleach, Comfort and Sunlight. Up until now, the products were partially made in South Africa and partially imported, but once the new factory became operational, the products will be fully.... Read more »

Posted on : Thursday , 20th November 2014

Nampak to invest US$179 million in African manufacturing unit

The company said that the step was expected to strengthen its position in the beverage can and glass packaging sectors in Africa. A report in South African newspaper Business Day said that almost US$112mn will be invested in a third furnace at Nampak's Germiston-based glass bottle business. The report added that the investment was aimed at improving overall manufacturing efficiencies, enabling the company to supply a.... Read more »