Manufacturing News

Aliko Dangote (L) poses for a selfie picture with Director General of BPI Nicolas Dufourcq

Africa's richest man Aliko Dangote to invest $700M to create West Africa's largest sugar plantation

Africa’s richest man, Aliko Dangote plans to invest $500 million in establishing a sugar processing facility in Nasarawa State, Nigeria.

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.

Kemi Adeosun, Nigeria's Minister of Finance

Nigeria to tap private capital, boost spending on infrastructure

Nigeria aims to rise the proportion of government spending devoted to infrastructure to 30 percent from 10 percent and to mobilize private capital for additional funding.

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

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.

Dangote Industries cement plant in Dakar, Senegal

Gulf investments in Africa beginning to spread far and wide

Traditionally, investments from the Arabian Gulf into Africa have focused on North Africa, owing partly to closer cultural ties and the Gulf’s focus on western markets. This scenario is slowly changing and so too are the pan-African investment strategies of Gulf investors.

These 6 Sectors of Africa's Economy Are Poised for Growth - McKinsey

These 6 sectors of Africa's economy are poised for growth: McKinsey

In 2011, we published an article in HBR examining the surprisingly rapid growth of African economies and consumer markets.

Kia Motors to assemble cars in Ethiopia

Kia Motors to assemble cars in Ethiopia

South Korea’s Kia Motors Corp signed a deal with an Ethiopian company last week to start assembling cars in Ethiopia and is thinking of similar operations elsewhere in Africa.

Volkswagen Polo Vivo

Volkswagen expands Africa strategy with Kenya car assembly plant

Volkswagen continues to drive forward with the regionalization of the global automotive business. The brand is planning to start production of the Polo Vivo in Kenya at the end of 2016.

Aliko Dangote (Left), Kola Karim, Temitope Balogun (TB) Joshua & Ade Ayeyemi

How Nigeria's top tycoons made their fortunes

Between the politicians and the rich, there is considerable overlap. Running a political campaign is extraordinarily expensive in Nigeria, and many a senator is heard complaining, in private, about how much money is needed to buy a seat.

Nissan Pathfinder: Nissan is one of a handful of vehicle manufacturers now assembling automobiles in Nigeria

Nigeria will be Africa's next automotive hub (Report): PwC

Nigeria has the potential to become the hub of Africa’s automotive industry. Home to an estimated 170 million people, over 40 million of who are in the growing middle class, the continent’s largest economy is increasingly seen as an attractive destination for investors across all sectors.

A Diageo factory in Accra, Ghana, produces Orijin Bitters. Credit: wsj.com

Why Diageo, PZ Cussons, and Atlas Mara are betting big on Africa

As growth in China slows after two decades of breakneck economic development, Western companies are increasingly turning towards India and Africa as the next great untapped opportunities.

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).

Cape Town, South Africa. Photograph: Eric Nathan/Alamy

A New Map for Business in Africa

Only a few years ago, Africa was being dubbed “the next Asia,” and multinationals watched with mounting interest as local economies boomed across the continent.

Rwanda: A new model for growth

Rwanda - A new model for growth (Infographic & Report): This Is Africa & the Financial Times

Rwanda’s transformation from the peak of its political crisis culminating in the 1994 conflict until now is remarkable. Though the country is frequently held up as a model for rapid development by politicians and development policymakers, its trajectory and political culture are unique.

BMW plant in Rosslyn, South Africa

South Africa in Talks With Five Automakers About New Plant

South Africa is in talks with five vehicle manufacturers about a proposed new assembly plant in the port city of East London, a potential boost for an industry that’s using government incentives to attract investment from companies including Ford Motor Co. and BMW AG.

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.

Olam steps up Nigeria milling business with $150 million investment

Olam steps up Nigeria milling business with $150 million investment

Olam aims to cement its wheat milling stature in Nigeria. The agribusiness company is stepping up its wheat milling business in Nigeria as it invests $150 million in the country.

Geoffrey White, CEO, Agility

The macroeconomics across Africa are impressive: Geoffrey White, CEO, Agility Africa

The world in 2016 is very challenging; energy prices have collapsed, China’s economy has slowed; political instability is amok in the Middle East; ISIS wages open war; Russia has resumed its colonial ambitions and Europe is struggling to survive the difference in economic cultural attitudes between the North and South, compounded by the influx of migrants.

Rita Kavashe, Managing Director, GM East Africa

General Motors East Africa to double truck output on construction boom, says MD

A construction boom in Kenya has fueled a rise in commercial truck sales for market leader General Motors, which is investing $7.9 million in 2016 to upgrade its assembly plant in Nairobi and more than double output, a senior executive said on Thursday.

Ford Everest

Ford invests $167 million in South Africa to build Everest SUV

Ford Motor Co. will invest 2.5 billion rand ($167 million) in the U.S. automaker’s South African operations to start production of the Everest sport utility vehicle and create about 1,200 jobs.

Africa’s richest man, Aliko Dangote (Left), has a net worth of about US$18 billion, according to Forbes. Tom Saater/Bloomberg

Ranks of African millionaires swell

The sinking tide of commodity prices has lowered incomes for the rich and poor, but for a growing class of African millionaires, the effect may be less painful than for others.

Two Rivers, Nairobi, Kenya (Illustration)

Africa: A land of opportunity for property investors

UAE investors have been urged to follow in the footsteps of the Majid Al Futtaim Group and the Landmark Group by pursuing property opportunities in East Africa.

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.

Mitchell Prather, Managing Director, Djembe Communications

We see opportunities in every conceivable sector in Africa: Mitchell Prather, Managing Director, Djembe Communications

We are seeing inquiries from a number of public and private sector entities representing a wide variety of sectors, including financials, agriculture, infrastructure and hospitality, to name a few.

Victoria Island, Lagos, Nigeria

Africa: Firmly on the map

A number of new real estate fund platforms focused on Sub-Saharan Africa (SSA) have emerged in recent years, giving credence to the continent’s ability to attract larger capital commitments from global investors.

The IVM G5 by Innoson Vehicle Manufacturing (IVM)

Nigeria's automotive industry shifts into high gear

In late 2013, the administration of then-President Goodluck Jonathan made a bold bet: that it could jumpstart the country’s ailing automotive industry through a comprehensive—and controversial— industrial policy, known as the National Automotive Industry Development Plan (NAIDP).

Nissan Pathfinder: Nissan is one of the car makers that recently started building cars in Nigeria.

Nigeria Targets 80% Local Manufacturing in Auto Industry

Nigeria plans to raise the portion of local manufacturing in the automotive industry to 80 percent by 2023 as Africa’s most populous country seeks to cut imports and diversify the economy away from oil, the industry regulator said.

Nigeria should look forward to automobile boom, says PwC (Reuters/Monica Mark)

In 35 years, Nigeria could be the automotive capital of Africa

New data from PricewaterhouseCoopers (PwC) predicts that Nigeria can become a leading automotive hub in Africa by 2050 with an increase in local production and an expansion in new car markets.

Multinationals in Africa are growing revenues but losing market share to local rivals. Credit: Reuters/Phillimon Bulawayo

Multinationals in Africa are growing revenues but losing market share to local rivals (Infographics)

Whether its Starbucks opening its first coffee store in sub-Saharan Africa next year, or fast-fashion retailer, H&M, opening its first African store in Cape Town, multinationals are lining up to cash in on the vast opportunities in Africa’s growing consumer goods market.

Next generation BMW X3 to be built at BMW South Africa’s Rosslyn Plant

Next generation BMW X3 to be built at BMW South Africa's Rosslyn Plant

The BMW Group today reaffirmed its long term commitment to South Africa by announcing that it will invest a total of R6 billion at its Rosslyn Plant in Pretoria in the coming years.

Africa expansion drives SABMiller, AB InBev mega-merger

Africa expansion drives SABMiller, AB InBev mega-merger

Access to African markets is a key driver in the planned mega-merger of brewing giants SAB Miller and AB InBev, according to industry insiders.

Ben Kruger, Co-CEO, Standard Bank

Standard Bank opens Ethiopia office to cater to fast growing economy

Standard Bank Group has opened a representative office in Ethiopia.

Amy Jadesimi, MD, LADOL (Lagos Deep Offshore Logistics Base)

Running a free zone in Nigeria: Amy Jadesimi, LADOL's Managing Director

The Lagos Deep Offshore Logistics Base (LADOL) is a 100-hectare free zone and logistics hub for multinational industrial and offshore enterprises.

Dow Chemical seeks to triple Africa revenue in five years

Dow Chemical seeks to triple Africa revenue in five years

Dow Chemical Co plans to triple its revenue from sub-Saharan Africa in the next five years and is investing in offices, local staff and manufacturing plants on the continent to meet that target, its head of the region said.

Nigerian can maker GZ Industries takes on Nampak with $71M South African factory

Nigerian can maker GZ Industries takes on Nampak with $71M South African factory

GZ Industries Ltd. of Nigeria plans to expand into South Africa with the construction of a 1 billion rand ($71 million) factory, becoming the second beverage-can maker after Nampak Ltd. to have operations in the country.

Andre de Ruyter, CEO of Nampak Ltd. Photographer: Waldo Swiegers/Bloomberg

Nampak Plans Glass Factories in Africa's Most Populous Nations

Nampak Ltd., Africa’s biggest maker of beverage cans, has agreed with partners to build glass-bottle manufacturing plants to take advantage of growing demand for packaged consumer goods and bottled drinks in the two countries where a quarter of Africans live — Nigeria and Ethiopia.

South Africa’s bold priorities for inclusive growth - McKinsey Global Institute

5 things South Africa can do to raise GDP by $1 trillion & create 3.4 million jobs: McKinsey Global Institute (Infographics & Report)

In the two decades since South Africans worked together to transform their political landscape and usher in a new democracy, the country has made remarkable progress.

Volkswagen plant in Uitenhage, South Africa. Photographer: Henner Frankenfeld/Bloomberg

Volkswagen to Invest $340 Million in South African Car Business

Volkswagen AG, which is seeking to become the world’s largest automaker by 2018, is investing more than 4.5 billion rand ($340 million) in South Africa for new products and infrastructure.

The Africa Competitiveness Report 2015 - WEF, AfDB, OECD & World Bank

The Africa Competitiveness Report 2015: WEF, AfDB, OECD & World Bank (Infographics & Report)

The Africa Competitiveness Report 2015 comes out at an auspicious moment for the continent. Africa’s solid average growth rate of more than 5 percent over the past 15 years bears witness to the region’s impressive economic potential.

Ford Ranger

Ford to start assembly in Nigeria

Ford Motor Company (F.N) will start assembling its best-selling Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle East, the U.S. automaker said on Tuesday.

Nigeria's ban of foreign currency deposits 'good for economy and Naira'

Nigeria's ban of foreign currency deposits 'good for economy and Naira'

The Central Bank of Nigeria (CBN) has welcomed a decision by national banks not to accept foreign currency cash deposits in a bid to bolster the country’s currency.