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Manufacturing & Retail

Home /Manufacturing & Retail
LATEST NEWS

Hyundai Construction Equipment makes forays into East Africa with NEFC deal

February 24, 2021 0

EAST AFRICA - Hyundai Construction Equipment (HCE), an affiliate of the Hyundai Heavy Industries Group, has signed a distributorship agreement with construction equipment dealer NEFC,…

DealStreet Africa

IA Bell company buys additional shares in Bell Equipment

February 20, 2021 0

SOUTH AFRICA - IA BELL, the family-owned company that holds 38.7 percent of Bell Equipment, is paying US$0.68 a share for an additional 31.7 percent…

LATEST NEWS

Kiira Motors unveils diesel-powered bus for long distance travel

February 19, 2021 0

UGANDA - Uganda’s automotive company Kiira Motors has expanded its of offerings to the market as it stirs up domestic motor vehicle manufacture and assembly. …

LATEST NEWS

BAT Kenya sees its net profit jump by 42% to US$50.2m

February 19, 2021 0

KENYA - Cigarette manufacturer BAT Kenya has posted a 42% jump in net profit for the year ended December 30, 2020. The company’s net profit…

DealStreet Africa

Glass manufacturer Pasabahce Egypt secures US$30m from IFC to upgrade its facility

February 17, 2021 0

EGYPT - IFC, a member of the World Bank Group, has announced a financing package worth US$30 million for leading glassware manufacturer Pasabahce Egypt for…

DealStreet Africa

Mercedes-Benz South Africa spins-off of Daimler to foster value creation

February 15, 2021 0

SOUTH AFRICA - MERCEDES-Benz South Africa’s (MBSA’s) has spined-off Daimler Trucks and Buses Southern Africa (DTBSA) to Daimler Truck AG, a subsidiary of Daimler AG,…

LATEST NEWS

Ellies Electronics to liquidate its manufacturing arm, blames TV migration delays

February 13, 2021 0

SOUTH AFRICA – Johannesburg Stock Exchange (JSE) listed Ellies Electronics has applied to the high court in South Africa for the liquidation of its manufacturing subsidiary,…

DealStreet Africa

Motor dealer Car & General ups its stake in microlender Watu Credit to 29%

February 8, 2021 0

KENYA – Automotive and engineering products dealer Car &General (C&G) has invested an additional US$353,736 in microlender Watu Credit Limited, raising its stake in the company…

LATEST NEWS

Sameer Africa returns to tyre business after one-year break

February 8, 2021 0

KENYA - The board of directors of Sameer Africa Plc has announced it's decsion to return to the tyre businesses after one year break, the…

LATEST NEWS

Bcode launches Adidas store in Nigeria bringing all favorite brands in one store

February 5, 2021 0

NIGERIA - bCODE, a multi-brand retailer for wellness fashion and lifestyle, has announced the opening of their Adidas store in Nigeria (Lagos and Abuja). The…

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