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Sat,18Nov2017

manufacturing

Unexpectedly positive economic data may see South Africa avoid recession

Photo©Siphiwe Sibeko/ReutersSouth Africa's manufacturing output rose more than expected in June while mining production shrank at a slower rate than market estimates, raising hopes the economy could fend off a recession and ratings downgrades to junk later in the year.

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Zimbabwe sets ambitious economic growth target

Photo©AP/SIPAZimbabwe says it plans to grow its economy by 6.6 per cent over the next two years, a huge ask for a country whose economic growth has been on a downward spiral in the last two years, only growing by 1.5 per cent last year.

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Ethiopia: The end, the means

The Huajian shoe factory in Dukem: the government sees manufacturing as the future. Photo©Petterik Wiggers/PANOS-REAThe state-driven economic model leaves no room for dissenting voices as Ethiopia sticks to its 11.2% growth target, with manufacturing leading the way.

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Industrial rescue plan for Zimbabwe

The United Nations Industrial Development Organisation (UNIDO) has unveiled a $22.6 million rescue package for Zimbabwe to resuscitate the collapsed pharmaceutical and manufacturing sectors.

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Aviation: Ethiopian Airlines, SA firm in aerospace joint venture

Tewolde Gebremariam, CEO of Ethiopian Airlines group. Photo©Elias Asmare/AP/SIPAEthiopian Airlines has signed an agreement with a South African company that will see the two firms forming a joint venture that will spearhead a new aerospace manufacturing entity in Ethiopia.

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Ghanaian carmaker gets mass production boost

Photo©Kantanka.comGhanaian carmaker, Kantanka Automobile Company's determination to produce commercial quantities of cars received government backing last week after the country's vice president bought three of the company's vehicles to add to the president's office vehicle fleet.

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Manufacturing: Ghana Resuscitates Sugar Factory

Photo©Andre Penner/AP/SIPAGhana has refurbished an ancient sugar factory in a bid to save $200m in sugar imports and create 7,000 jobs.

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Manufacturing: Toyota invests $390 million to expand production at South African car plant

Toyota Fortuner©Gurinder Osan/AP/SIPAJapanese automaker Toyota has invested $390 million to expand the production of its Hilux and Fortuner models in South Africa, its country CEO said on Wednesday.

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South Africa risks recession as manufacturing and mining sectors contract amid drought

Photo©ReutersSouth Africa's manufacturing output resumed its decline and mining production contracted as weak global demand pushed the country's ailing economy closer to a recession.

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Top 500 Companies: Manufacturing - Kickback from the commodity crunch

Egypt’s Ezz Steel is struggling to compete with cheap imports. Photo©Amr DAlsh/ReutersMany manufacturers are grappling with a downturn in commodity prices and a drop in demand for the products they produce.

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South African voices on the winds of economic change

Xhanti payi Economist, Nascence Advisory & Research. Photo©All Rights ReservedSouth African economist Xhanti Payi talks about why both government and business need a shift in thinking to address the country's economic quagmire.

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Agribusiness: Flour sector tests investor appetite

A bag of flour costs 21% more than it did a year ago. Photo©Akintunde Akinleye/ReutersForeign firms are attracted by Nigeria's sizeable middle classes, but companies in the flour sector are having a hard time of it as the competition heats up.

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Egypt raises deposit cap to $1 million for exporters

File photo©ReutersEgypt's central bank raised on Monday the cap on foreign currency deposits at banks to $1 million a month for exporting companies, easing restrictions that have led to manufacturing components pile up at ports.

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How the US and China are empowering Ethiopia's private sector

Ethiopia's footwear industry has long been known for producing fine-quality leather shoes and products. With reliable power sources, affordable labour and a fast-growing economy with a forecasted GDP growth of over 10%, it is no wonder that international companies and suppliers are flocking to Ethiopia to tap into this market.

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Pharmaceuticals: Pills for the Ethiopian populace

Pharmaceutical manufacturing in Ethiopia has the potential to provide hundreds more with jobs. Photo©Xinhua/Zuma/REAThe medical manufacturing industry, which still only accounts for about 15% of the local market, is the focus of a government drive for investment.

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Ghana's inflation on the up

Ghana's annual producer price inflation for industries sharply y rose to 10.5 per cent in December 2015 by 7.5 percentage points, against 3 per cent recorded in the previous month, following a hike in utility tariffs, the government statistician said.

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South Sudan: SABMiller to close unit, over 230 employees to be affected

File photo©ReutersSABMiller will close its brewery in South Sudan in March due to difficulties in obtaining foreign exchange to buy raw materials, the company said on Friday.

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Manufacturing: Nigeria's "bad bank" AMCON seeks bids for stake in Peugeot plant

File Photo©ReutersNigeria's state-backed AMCON "bad bank" said on Tuesday it plans to sell its majority stake in Peugeot Automobile Nigeria (PAN) Limited, a local joint venture with the major French automaker, and is seeking bids from investors.

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Imports: Egypt's central bank tightens controls to boost local production

Photo©ReutersEgypt's central bank will tighten import regulations from January in a bid to support local manufacturing and better preserve its dwindling foreign currency reserves.

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Agriculture: From copper to cows, a Zambian move

Photos© Adrià Fruitos for TARThe mining downturn is leading Zambia's government to look to agricultural development for opportunities

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