Manufacturing & Retail

Dangote Industries appoints Halima Aliko Dangote as Group Executive Director, Commercial Operations

November 12, 2019

NIGERIA – Dangote Industries Limited, one of Africa’s largest and most diversified business conglomerates has appointed Halima Aliko Dangote as the Group Executive Director, Commercial Operations of Dangote Industries Limited.  The company said in a statement that Halima will be responsible for leading the development and implementation of the Dangote Group’s customer strategy. The strategy […]

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Unilever commits to reducing its carbon print by eliminating 100,000 tonnes of plastic by 2025

October 30, 2019

NIGERIA – British-Dutch transnational consumer goods company, Unilever, has said it will eliminate over 100,000 tonnes of plastic packaging by 2025. Unilever, which produces brands including Dove, Ben & Jerry’s, Lipton and Omo  also revrealed that it intended to collect and process more plastic packaging than it sells during the same period. In a statement […]

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Global fashion retailer Forever 21 files for bankruptcy, plans to close over 350 stores

September 30, 2019

GLOBAL – Global fashion retailer Forever 21 Inc has filed for bankruptcy and announced that it plans to close over 350 stores and cease operations in over 40 countries as part of its business restructuring process. Forever 21 said the restructuring will allow it to focus on the profitable core part of its operations and […]

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Segula Technologies to Open ‘Excellence Center’ for Automotive Sector in Morocco

September 27, 2019

MOROCCO – Segula Technologies, a world-renowned group in the automotive engineering sector, has announced the opening of its automotive sector-dedicated “Center of Excellence” in Morocco. The company said in a press statement that the center, which is based in Agadir, one of the hubs of Morocco’s growing automotive industry, will be “entirely dedicated” to technological […]

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KIA plans to introduce a new budget car in Nigeria

September 11, 2019

NIGERIA – KIA, South Korea’s second largest car manufacturer, has announced plans to introduce a new budget car by the name Pegas in Nigeria. Reports from the car manufacturer indicate that the car is scheduled to arrive in Nigeria in the first quarter of next year.  The move by KIA to launch more vehicles into […]

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Italtile sells stake to Yard Investments Holdings to improve its BEE credentials

September 11, 2019

SOUTH AFRICA – Italtile Commercial Division, a tile manufacturer has sold 2% of its stake for R312.2m (US$21.21) to Yard Investments Holdings in a black economic empowerment (BEE) transaction, reported Business Day. Yard Investments Holdings, an equity investment firm, was founded by New Development Bank (NDB) vice-president and chief financial officer Leslie Maasdorp and his […]

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Chinese firm Kingdom Linen Plc opens new US$70m textile factory in Ethiopia

August 31, 2019

ETHIOPIA – Kingdom (Ethiopia) Linen Plc, one of Chinese firms operating in Ethiopia has opened a new factory worth US$70 million in Adama, Oromia Regional State. The yarn factory is expected to start with trial operations within the next two months before embarking on full operations. Once fully operational, the factory is expected to process […]

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ECOWAS to implement automotive industry policy to reduce vehicle import

May 13, 2019

GHANA – Economic Community of West Africa States (ECOWAS) is considering implementation of automotive industry policy to reduce importation of vehicles into the region. According to GNA report, the validation of ECOWAS Automotive Industry Policy Framework would enable member states countries to harmonise their automotive policies in order to optimise the benefit in the value […]

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World Bank’s arm offers US$4.8m financing to boost Kenya businesses

April 30, 2019

KENYA – The International Finance Corporation (IFC), the financial institution of the World Bank has offered to invest US$4.8 million (Sh490 million) in technical advisory services to the Kenyan government to boost businesses. The deal is expected to help in promoting business reforms especially in the private sector to spur growth, reports Business Daily. The […]

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Global ecommerce sales grow 13% to reach US$29 trillion

April 4, 2019

GLOBAL – Global ecommerce sales increased by 13% to reach approximately US$29 trillion in the year 2017, according to latest figures from United Nations Conference on trade and development (UNCTAD). The number of online shoppers increased by 12% to 1.3 billion people, indicating a strong preference for online shopping as demand for convenience and reliability […]

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