Industrials News

Aliko Dangote, CEO, Dangote Group

Africa's Richest Man Invests $4.6 Billion in Nigeria Farming

Dangote Group, controlled by Africa’s richest man, Aliko Dangote, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years as the company seeks to expand and deal with a shortage of dollars in its home market of Nigeria.

Kenya to convert $243M debt in Kenya Airways into equity

Kenya to convert $243M debt in Kenya Airways into equity

Kenya will convert its $243 million in loans to Kenya Airways into equity, the government has said, as part of a broader restructuring to nurse the ailing airline back to financial health.

Nairobi to Mombasa high-speed railway opens

Nairobi to Mombasa high-speed railway opens

East Africa is now more accessible than ever. After two years of construction, Kenya’s largest infrastructure project since independence, a $3.8 billion Chinese-built high speed railway, is up and running.

Lagos, Nigeria

Uber and its rivals are struggling to keep both drivers and riders happy in Lagos

It was only a year ago that Uber declared that its Lagos market was potentially bigger than its London market.

Hadi Sirika, Nigeria's Minister of State on Aviation

Nigeria plans to set up national airline, develop aviation capacity

Nigeria has appointed advisers to help it set up a national airline and develop its aviation infrastructure — currently seen as a barrier to economic growth — to create a hub for West Africa, junior aviation minister Hadi Sirika said earlier this month.

Chevrolet Volt

Chevy Volt's designer, Jelani Aliyu, has been appointed boss of Nigeria's automobile agency (Infographic)

Nigeria’s government has long talked about diversifying its oil-dependent economy but it’s actions have not always matched the bluster.

An Ethiopian Airlines plane arriving in the Nnamdi Azikiwe International Airport Abuja on Tuesday, the first flight after rehabilitation of the runway. Credit: Albert Otu/ICE/NAN/premiumtimesng.com

Nigeria reopens Abuja airport after completing runway repairs 24 hours ahead of schedule

Nigeria’s international airport in the capital, Abuja, has formally reopened after six weeks of urgent repairs to its runway.

Aliko Dangote, CEO, Dangote Group

Aliko Dangote: In for the long haul

Aliko Dangote, Africa’s richest man, is optimistic that the only place to invest in today is Africa.

Nigeria's leading hotel booking company Hotels.ng launches flight bookings

Nigeria's leading hotel booking company Hotels.ng launches flight bookings

Hotels.ng, Nigeria’s leading hotel booking company has rolled out a new service – online flight bookings – on its website.

Aliko Dangote, Chairman, Dangote Group

Africa's richest man Dangote plans rice mill in Nigeria to tap growing demand

Dangote Group, controlled by Africa’s richest man Aliko Dangote, plans to launch a rice mill with a farm scheme in Nigeria to tap growing demand for paddy in Africa’s biggest economy.

2017 Peugeot 3008

Peugeot to assemble vehicles in Kenya

France’s PSA Group, the maker of Peugeot and Citroen cars, said on Saturday it had signed a contract to assemble Peugeot brand vehicles in Kenya.

Aliko Dangote, Founder & CEO, Dangote Group

How the Dangote Group will become a $100B business

With a track record exhibiting profound resilience and foresight, it comes as no surprise that Dangote Group and its Founder and CEO, Aliko Dangote, are ardent on building the multinational conglomerate into a $100 billion market capitalization business.

South African courier WumDrop is tackling address challenges by delivering parcels to your phone location.

How could Amazon deliver without an address? This startup may have the answer

South African courier WumDrop is tackling address challenges by delivering parcels to your phone location.

Aliko Dangote, Founder & CEO, Dangote Group

Dangote & China's Sinotruck partner to build $100M truck plant in Nigeria

Africa’s richest man Aliko Dangote has partnered with China’s heavy duty truck group Sinotruck to set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export.

Oscar Onyema, CEO, Nigerian Stock Exchange

Nigerian Stock Exchange working with MTN on 2017 listing

The Nigerian Stock Exchange (NSE) is working with South African cell operator MTN on a listing of its shares in the country this year, the head of the bourse said on Thursday.

Africa’s rising middle class – and why it matters. Credit: newafricanmagazine.com

Africa's rising middle class - and why it matters

According to the African Development Bank (AfDB), as far back as 2011 there were already 313 million people – or 34 per cent of the continent’s total population – that could be referred to as middle class.

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen moves into Kenya & Rwanda in Africa expansion

Volkswagen on Wednesday opened a new assembly plant in Kenya and launched plans for a ride-sharing service in Rwanda as it seeks to take advantage of surging car demand in Africa.

Modderfontein New City, Johannesburg, South Africa

11 giant infrastructure projects that are reshaping Africa

By the United Nations’ estimate, the continent will see its current population of 1.2 billion double by the year 2050.

Kenya's Little Cab app is set to take on Uber in Uganda and Nigeria

Safaricom's Little Cab, Kenya's Uber rival, is launching in Nigeria and Uganda

Little Cab, the ride-hailing app backed by telecoms operator Safaricom, is slowly giving Uber a run for its money in Kenya.

Chauffeur driven: Uber in Lagos. Credit: FT

Uber gears up to ease stressful commutes in Nigeria

Car-hailing app Uber has frequently attracted controversy — whether over workers’ rights, management practices and its attitude to regulation.

Tunde Kehinde, Co-Founder, Africa Courier Express (ACE)

Africa Courier Express (ACE): The app that's beating the traffic in Lagos (Photos)

On the streets of Lagos, motorcycles, cars and daredevil cyclists weave through the lanes, jostling for space to avoid getting stuck in the chaotic traffic jams.

The arrival of Uber and Little Cab may bring cheaper and more reliable transport by taxi but is unlikely to solve Nairobi’s congestion. Credit: theguardian.com/Tom Cockrem/Getty Images/Lonely Planet Images

Uber and Little Cab's battle to control the streets of Nairobi

Uber is in the middle of a bruising battle for dominance in east Africa’s largest economy: Kenya. The ride-hailing company started operating in the cities of Nairobi, Mombasa, Kisumu and Thika last year.

Nigeria's largest airline Arik air to double fleet by buying mostly Boeing planes

Nigeria's largest airline Arik Air to double fleet by buying mostly Boeing planes

Nigeria’s largest airline Arik Air plans to nearly double its fleet to 52 planes within 10 years and has already ordered some of them from Boeing, a source at the company said on Monday.

Nigeria's largest airline Arik plans $1B share offer & possible London Stock Exchange listing

Nigeria's largest airline Arik plans $1B share offer & possible London Stock Exchange listing

Nigeria‘s largest airline Arik Air plans to raise as much as $1bn through a private share placement next year and then a possible initial public offering (IPO) in Lagos and London, its managing director said.

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa.

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa.

General Electric to invest $150 million in Nigeria

General Electric to invest $150 million in Nigeria

U.S. industrial firm General Electric plans to invest around $150 million in Nigeria by 2017, a senior executive said on Monday.

Amrod's In-House Branding

Carlyle Group to acquire Amrod, a South African Supplier of Promotional Products and Clothing

The Carlyle Group announced last week that it has agreed to acquire a majority share of Amrod, a fast-growing supplier of promotional products and clothing, serving distributors in South Africa and neighbouring countries.

Kenya Airways in talks with 3-4 parties on stake sale, says CEO Ngunze

Kenya Airways in talks with 3-4 parties on stake sale, says CEO Ngunze

Kenya Airways is talking to “about three or four” foreign institutional investors and airlines about buying a stake to raise cash for the carrier, its CEO said last month.

Uber expands food delivery business UberEats into South Africa

Uber expands food delivery business UberEats into South Africa

Uber Technologies started its UberEats food delivery service in South Africa last Thursday before it expands in the rest of the country and into the continent.

Bugesera International Airport (Illustration)

Rwanda signs $818M deal for new international airport

Rwanda has signed a deal with the African division of Portuguese construction firm Mota-Engil to build an international airport at a cost of $818 million, the company and government officials said.

Ethiopian Airlines

The future of aviation in Africa (Video)

Africa is “the next and last frontier in globalization,” according to Tewolde Gebremariam, CEO of Ethiopian Airlines, who says that developing the aviation industry will be vital.

Mark Okoye, Executive Director & Secretary, Anambra State Investment Promotion and Protection Agency (ANSIPPA)

Invest Nigeria - Think Anambra (Presentation): Anambra State Investment Promotion and Protection Agency (ANSIPPA)

In March 2015, Anambra was ranked the most transparent and accountable state in Nigeria, complying with all the set standards in public sector accounting, according to the International Public Sector Accounting Standards (IPSAS).

6 reasons to invest in Africa

6 reasons to invest in Africa: Tarek Sultan, CEO & Vice Chairman, Agility

The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity.

Nico Bezuidenhout, incoming CEO, FastJet

FastJet names Mango Airlines CEO Bezuidenhout as CEO

FastJet has hired Nico Bezuidenhout, CEO of Mango Airlines, South African Airways’ low cost unit, as CEO to help revive the U.K. discount airline following a plunge in its share price and an escalating spat with a top investor.

Kenya vs. Tanzania: The race to build Sub-Saharan Africa's largest port. Credit: bbc.com

Kenya vs. Tanzania: The race to build Sub-Saharan Africa's largest port

Kenya and Tanzania have long competed to have the most important port in East Africa and their rivalry is about to become more intense as they compete for the region’s business.

Fly540

Check out 10 airlines looking to change the face of Africa's skies (Photos & Video)

The future looks bright for air travel across Africa. It’s predicted that by 2034, 190 million more flights segments will be flown across the continent.

Siyabonga Gama, CEO, Transnet. Credit: dailymaverick.co.za

South Africa's Transnet steams into the rest of Africa

South African state rail-freight operator Transnet is embarking on a major expansion drive in the rest of the continent, offsetting a slowdown at home caused by the slump in commodity prices, Chief Executive Siyabonga Gama said on Wednesday.

Africa's richest man, Aliko Dangote, begins construction of $1B cement plant In Nigeria

Africa's richest man, Aliko Dangote, begins construction of $1B cement plant in Nigeria

Dangote Cement, Africa’s largest cement producer which is controlled by Nigerian billionaire Aliko Dangote, on Sunday began the construction of a new $1 billion cement factory in Okpella, Edo state, in Nigeria’s southern region.

Kenya signs $5.42B railway extension deal with Chinese firm

Kenya signs $5.42B railway extension deal with Chinese firm

Kenya recently signed a multi-billion dollar agreement with China Communications Construction Company (CCCC) to extend the country’s rail network, adding to a swathe of infrastructure deals in Africa won by Chinese firms.

Skander Oueslati, Co-Head of Sub-Saharan Africa, AfricInvest

Pan-African private equity firm AfricInvest invests in East Africa's Silafrica

AfricInvest, a leading pan-African mid-cap-focused private equity firm, has invested in Silafrica Plastics and Packaging International Limited (“Silafrica”), the leading East African plastics and packaging group with operations in Tanzania, Kenya, Ethiopia, Uganda and India.

Jay Ireland, President, GE Africa

GE sees potential to double African revenue and employees in 5 years, says GE Africa President Jay Ireland

General Electric Co. sees the potential to double its African revenue and employees as the company expands in countries including Ethiopia and Mozambique, GE Africa President Jay Ireland said.

Alon Lits, Uber's general manager for sub-Saharan Africa, walks beside a vehicle which operates in the fleet of Uber taxis in Kenya's capital Nairobi March 9, 2016. U.S.-based Uber plans to expand in Tanzania, Uganda and Ghana this year and will focus on convincing traditional taxi drivers to work for the ride-hailing service, Lits, Uber's general manager for sub-Saharan Africa, said. REUTERS/Noor Khamis

Uber seeks to lure cabbies in Africa expansion plan

U.S.-based Uber plans to expand in Tanzania, Uganda and Ghana this year and will focus on convincing traditional taxi drivers to work for the ride-hailing service, Alon Lits, Uber’s general manager for sub-Saharan Africa, said.