Browsing: Industry

Explore the thriving industries shaping Africa in our dedicated “Industry Africa” section. Stay updated on economic trends driving growth across the continent.

Savannah Clinker withdraws bid for Bamburi Cement on CEO arrest, Tanzania’s Amsons wins

Featured 4 December, 2024

Savannah Clinker Limited has withdrawn its bid for Bamburi Cement following arrest of its chairman and managing director, Benson Ndeta,…...

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Kenya: Cement Manufacturer Savannah ups price takeover of Bamburi by 9.3 percent

Featured 24 October, 2024

Savannah Clinker has increased its proposed price for takeover of listed cement manufacturer Bamburi by 9.3 percent from $0.54 (Ksh70)…...

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Rwanda overtakes Kenya to become Uganda’s leading sugar export destination

Featured 8 October, 2024

Kenya is losing its attractiveness as a desirable export market in the East African Community on tariffs and trade wars. …...

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East African Breweries seeks full buyout of Ugandan subsidiary

Finance 5 September, 2024

East African Breweries Limited (EABL) is looking to raise its stake in one of its Ugandan subsidiaries that will see…...

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Kenya’s Savannah Clinker outbids tanzania’s Amsons for Bamburi ownership

Industry 29 August, 2024

Kenya’s cement manufacturer Savannah Clinker Limited has made a counter-offer against Tanzania’s Amsons Group to acquire Bamburi Cement Plc. The…...

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Bidco acquires Lucozade and Ribena maker

Industry 21 August, 2024

Kenya’s competition watchdog has without condition approved the acquisition of Suntory Beverage and Food Kenya Limited’s entire ownership by Bidcoro…...

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Fitch downgrades Dangote Industries on Naira fall, liquidity concerns

Featured 8 August, 2024

Global credit ratings agency Fitch has downgraded one of Nigeria’s largest conglomerate Dangote Industries Limited owned by Aliko Dangote Africa’s…...

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Curtain falls for Kenya’s Automaker Mobius Motors

Industry 7 August, 2024

Kenya’s automaker of affordable vehicles, Mobius Motors Kenya Limited has been put under liquidation after 13 years in business, according…...

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Kenya’s East African Breweries profit falls to $129 million

Industry 30 July, 2024

East African Breweries has posted a drop in after-tax profit to $129 million in the year ended June 2024, from…...

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Tanzania’s Amsons Group seeks to buy Kenya’s Bamburi cement

Featured 15 July, 2024

Tanzania’s Amsons Group has made a $182.9 million offer to buy a 100 per cent stake in Kenya’s Bamburi Cement…...

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DRC: Pepsi announces the construction of two factories in Kinshasa and Lubumbashi

Industry 14 February, 2022

The president of Pepsi, Ravi Jaipuria, announced on February 12, 2022 in Kinshasa, the start of the group’s investments in…

FEDA wants to reduce CO2 emissions in West African industries

Climate Finance 3 February, 2022

The Fund for the Development of Exports in Africa (Feda), a subsidiary of Afreximbank, wants to encourage industries to reduce…

Tunisie : 20.05% increase in the consolidated turnover of the Ennakl Automobiles group in 2021

Industry 31 January, 2022

The consolidated turnover of the Tunisian group ENNAKL Automobiles operating in the automotive sector (concession, rental and sale of automotive…

Senegal: 7.1% increase in industrial production in November 2021

Industry 13 January, 2022

In November 2021, Senegal’s industrial production excluding cotton ginning increased by 7.1% compared to the same period of 2020, according…

Afreximbank wants to strengthen its financing programs in Togo

Industry 10 January, 2022

Nigerian Benedict Oramah, President of the African Import-Export Bank (Afreximbank), was received on January 6, 2022 by Faure Gnassingbé in…

Nigeria: AFC Announces $ 200 Million Facility for Completion of Sugar Factory

Industry 6 December, 2021

Africa Finance Corporation (AFC), the leading provider of infrastructure solutions in Africa, approved on December 2, 2021, a corporate facility…

Côte d’Ivoire: FrieslandCampina wants to speed up the installation of a dairy expertise center

Industry 1 December, 2021

The largest dairy farmers’ cooperative in the world, FrieslandCampina, and the Ivorian Ministry of Animal and Fisheries Resources signed a…

Senegal: ITFC replenishes Sonacos’ coffers

Industry 25 November, 2021

The Senegalese National Groundnut Company (Sonacos) has secured 40 million euros in funding from the International Islamic Trade Finance Corporation…

Heineken to bid on South African breweries Distell and Namibian Breweries

Industry 15 November, 2021

Heineken NV has announced its intention to acquire South African companies Distell Group Holdings and Namibia Breweries Ltd to form…

IFC arranges financing of over 160 million euros for cement company CIMAF

Industry 11 November, 2021

The International Finance Corporation (IFC) has arranged a financial package of 161.25 million euros for the CIMAF group (Ciments d’Afrique)…

Industry: Increase of nearly 4 billion FCFA in the net profit of Nestlé Côte d’Ivoire in the third quarter of 2021

Industry 22 October, 2021

The net profit of the company Nestlé Côte d’Ivoire, a subsidiary of the Nestlé group and specializing in the manufacture…

DRC: a 58 billion USD industrialization plan for economic recovery

Industry 25 August, 2021

The Democratic Republic of Congo (DRC) aims to revive its economy through an Industrialization Master Plan (PDI) likely to mobilize…

Distribution: South African group Shoprite (also) leaves Uganda and Madagascar

Industry 23 August, 2021

Shoprite announced on Monday, August 23, that it was withdrawing from Uganda and Madagascar after two decades of activity. This,…

Automobiles: Increase of 901 million FCFA in the turnover of Tractafric Motors Côte d’Ivoire in the first quarter of 2021

Industry 4 August, 2021

The turnover of the company Tractafric Motors Côte d’Ivoire (TMC), specializing in the sale of motor vehicles, increased by 901.416…

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