President Yoweri Museveni has commissioned the new Ushs320b Roofing’s Group mega steel factory in Namanve, Mukono district urging locals to learn from the work methods of Ugandans of Indian origin to fast track development.   Established in 1994 by Sikander Lalani, Roofings Group is now the largest steel factory in East and Central Africa and is worth an estimated US$280m (Ushs782b).   The latest Ushs320b expansion has.... Read more »

Posted on : Saturday , 27th September 2014

 The World Bank’s Board of Executive Directors today approved monetary support to the Government of Kenya effort to create new jobs and increase competitiveness in the light manufacturing sector through the development of industrial zones and enhancing linkages with the local economy.                                          .... Read more »

Posted on : Wednesday , 6th August 2014

 Steel plant processing technology, equipment and services specialist SMS Siemag, a division of SMS group, supplier of processing technology, equipment and services for the ferrous, ferroalloy and nonferrous metals industries, says there is potential to establish new steel plants in Africa in the next five years and hopes to capitalise on these developments. SMS Siemag South Africa MD Pieter Bezuidenhout believes that, through its office.... Read more »

Posted on : Thursday , 31st July 2014

German exported industrial machines worth 580 million euro to Africa in 2013, representing 7.5 per cent of the country’s total export, Mr Richards Clemens, Managing Director, Packaging Machinery Association of Germany told journalists in Lagos on Monday.He said there was an increase in the global demand for German technology, adding that Nigeria was top on the list of countries making such demands. Nigeria is one of our largest markets.... Read more »

Posted on : Monday , 28th July 2014

The first major challenge for SADC economies, as is the case with most African states, is a development model that is driven by consumption and primary commodity exports. The limitations of this kind of an economic growth path were severely exposed during the recent global economic crisis when the region’s economic performance was severely jolted. Further, the regional integration model in Africa has tended to focus too much on trade.... Read more »

Posted on : Monday , 28th July 2014