Hisense to start manufacturing cell phones in South Africa

Hisense to start manufacturing cell phones in South Africa

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SOUTH AFRICA – Chinese multinational Hisense will start manufacturing cell phones in South Africa, reported ITWeb. Deputy Minister in the Presidency Thembi Siweya has welcomed the impact the Hisense factory in Atlantis, Western Cape has had on jobs, saying further investments will…

China’s Sinoria to build a new fiber cement board manufacturing factory in Nigeria

China’s Sinoria to build a new fiber cement board manufacturing factory in Nigeria

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NIGERIA- Chinese building materials giant, Sinoria FABCOM, has announced its plans to build a fiber cement board manufacturing factory in Nigeria’s Abuja State. The new manufacturing plant is in line with the company’s objective of helping Nigeria solve its acute housing problems…

South Africa’s Denel receives US$118.7m funding to boost operations

South Africa’s Denel receives US$118.7m funding to boost operations

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SOUTH AFRICA – Denel, a stated-owned arms manufacturer, has received $118.7 million from the government to help it stay afloat while it develops a long-term survival strategy, reports Business Live. Government’s decision to recapitalise Denel will contribute to the comprehensive turnaround of…

Lafarge Africa approves the sale of its South African subsidiary for US$316 million

Lafarge Africa approves the sale of its South African subsidiary for US$316 million

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NIGERIA – Lafarge Africa Plc, a pan African cement manufacturer headquartered in Nigeria is set to offload Lafarge South Africa Holding Limited (LSAH)to LafargeHolcim Group for the sum of US$316.2 million. This follows the shareholder’s approval of the proposed sale of the…

German based Brenntag Holding gets nod to acquire Kenyan firm Desbro

German based Brenntag Holding gets nod to acquire Kenyan firm Desbro

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KENYA – The Competition Authority of Kenya (CAK) has approved acquisition of Kenyan chemical distributor Desbro Limited by Brenntag Holding B.V., a subsidiary of Germany-based chemical distributor Brenntag Group, reports Business Daily. CAK approved the acquisition on condition that Brenntag retains 80…