Browsing: Industry

At the end of the 2024 fiscal year, the after-tax profit of the Société de Caoutchouc de Grand Béréby (SOGB),…

It is a decisive turning point in the industrial history of Cameroon. The country inaugurated its very first clinker production…

Curtains close for East Africa’s automotive powerhouse CMC Motors Group after announcing it is closing its operations in Kenya, Uganda…...

Kenya and Ethiopia are among the most indebted countries in East Africa. Analysis of data from the International Monetary Fund…...

Savannah Clinker Limited has withdrawn its bid for Bamburi Cement following arrest of its chairman and managing director, Benson Ndeta,…...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Secretary General of the African Continental Free Trade Area (Zlecaf), Wamkele Mené, congratulated the work of the Ivorian national…

The project to exploit the Mbalam-Nabeba iron deposit torn between Cameroon (Mbalam) and Congo (Nebeba) should leave African soil to…