Nampak Plans Glass Factories in Africa's Most Populous Nations. Nampak Ltd. 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. The Johannesburg-based company has reached a preliminary agreement with a partner for a factory in Ethiopia and is now seeking financing for a project with a potential cost of $68 million, Chief Executive Officer Andre de Ruyter, 47, said in an interview at Bloomberg’s Johannesburg office last week.
That will help supply drinks makers including brewer Heineken NV and soft drinks producer Coca-Cola Inc, he said. Nampak has also “made good progress” on a Nigerian factory, the CEO said. “Africa is the story for us,” De Ruyter said. Consumer-goods companies such as U.S. retailer Wal-Mart Stores Inc and brewer SABMiller Plc are expanding in Africa to take advantage of economic growth and rising household incomes. Egypt's 2014 trade with COMESA totals $2.6 billion - Minister. Various opportunities for exporting to Africa: Minister of Industry. Newly-appointed Minister of Industry and Trade Tarek Qabil indicated that Egypt is very keen on expanding the horizons of cooperation with all African countries, according to a statement from the ministry.
This came during his meeting with Sindiso Ngwenya, Secretary General of the Common Market for Eastern and Southern Africa (COMESA), who is currently visiting Egypt to attend the official opening of the African Export-Import Bank (Afreximbank). Qabil further highlighted the importance of opening new horizons for trade and investment with African countries, while working on opening up new markets in those countries for exporting Egyptian products. There are various opportunities for exporting Egyptian products to African countries, especially in the fields of pharmaceuticals, readymade clothes and textiles, he added.
Uganda, Rwanda to Get Shs 28 Billion Cross-Border Market - allAfrica.com. The Ministry of Trade, Industry and Cooperatives under the Regional Integration Implementation Program (RIIP) is set to construct an agricultural cross-border market in Kabale to serve both Uganda and Rwanda. The Shs 28bn market will sit on 138 acres in Kiruruma cell, Buranga Parish in Kamuganguzi Sub County. Construction of the market is supported by Common Market for Eastern and Southern Africa (Comesa) with additional funds from the European Union. Speaking at the launch of the project, State Minister for Trade and Cooperatives David Wakikoona said the market would increase Uganda's competitiveness. Wakikoona was representing the Ugandan Prime Minister Dr.
Ruhakana Rugunda. "Uganda is supplying countries with agricultural produce and mainly food stuffs and manufactured goods [to] all our neighbours not only Rwanda here but [also] Congo, South Sudan...In 2012 when Comesa meeting was in Kampala, Uganda joined free trade area. Wakikoona said construction will start in early 2016. First intra-african carbon credits transaction takes palce in West Africa - new Business Ethiopia (nBE)
Ecosur Afrique, the leading carbon finance group in Africa, Investisseurs & Partenaires (I&P), an impact investment fund dedicated to small and medium size enterprises in Sub-Saharan Africa and Volta cars Rental Services (VRS), a car leasing company operating in West Africa, today announced the first ever carbon credits transaction involving a Seller and a Buyer from West Africa. The transaction, which has been structured by ecosur afrique, allows VRS customers to offset the CO2 emissions of vehicles leased in Ghana, Côte d’Ivoire and Senegal. Thomas Crand, the co-founder of VRS, states:"We develop a strong environmental strategy; CO2 emissions are at the heart of our concerns and we are pleased to offer our customers the option to offset their carbon footprint.
Today’s transaction is pioneering and a unique choice, which distinguishes us on the West African market. We hope it will become standard in our sector. " As a private investor of VRS, I&P played a major role in the operation. Des entreprises tchadiennes construiront des digues au Cameroun | Business News 2015-09-07. Business News of Monday, 7 September 2015 Source: Investir au Cameroun 2015-09-07en Dans le cadre du Projet d’urgence de lutte contre les inondations (PULCI) dans la partie septentrionale du Cameroun, le gouvernement vient d’attribuer les contrats pour la réhabilitation des périmètres irrigués et des digues de Maga & Logone et du Mayo Vrick à deux groupements d’entreprises tchadiennes.
Selon le communiqué officiel rendu public à cet effet, ces contrats ont été arrachés par les groupements Geyser SA-Sotcocog SA et SRGM-ETRA, respectivement pour des montants de 33,3 milliards de francs Cfa et 28,8 milliards de francs Cfa. Ce qui correspond à une enveloppe globale de 62,1 milliards de francs Cfa. Pour rappel, chaque année en saison pluvieuse, sur plusieurs kilomètres à la ronde, les localités environnantes du fleuve Logone, dans la région de l’Extrême-Nord, sont exposées à des inondations. Arab Contractors' Turnovers in Three African States hit $2.6 billion. By Marwa Hemdan The volume of Egypt-based Arab Contractors businesses in Nigeria, Cameroon, Equatorial Guinea has reached US$2.6 billion. AC's projects in the three African countries vary between roads, ports and infrastructure works. The announcement was made following a tour made by AC's Chairman Mohsen Salah to visit the company's projects in Nigeria, Cameroon, and Equatorial Guinea and attend AC's general assembly to review the company's business volume in those countries.
The Arab Contractors (AC) is one of the leading construction companies in the Middle East and Africa, and for decades has helped boost ties between Egypt and other African nations. In Nigeria, Arab Contractors has generated turnovers more than US$1.8 billion. Furthermore, the volume of Arab Contractors' business portfolio in Cameroon is exceeding US$100 million, including Yaoundi road project and the rehabilitation of Dgalobo district at value of US$113 million. © Amwal Alghad 2015 © Copyright Zawya. Business : quand les champions égyptiens redécouvrent l'Afrique. Après avoir longtemps privilégié l'Europe, le Moyen-Orient et l'Asie, les entrepreneurs égyptiens en quête de nouveaux marchés l'ont bien compris : l'avenir de leurs compagnies passe par le continent. La naissance de la Tripartite à Charm el-Cheikh, le 10 juin, est tout un symbole.
Après cinq ans de négociations, c’est en Égypte que 26 pays du continent ont en effet signé le traité de libre-échange entre le Marché commun de l’Afrique orientale et australe (Comesa), la Communauté d’Afrique de l’Est (EAC) et la Communauté de développement d’Afrique australe (SADC), soit un marché de plus de 625 millions d’habitants et 1 000 milliards de dollars de PIB (environ 900 milliards d’euros). « Un pas important dans l’histoire de l’intégration régionale de l’Afrique », soulignait Abdel Fattah al-Sissi, fier d’accueillir l’événement, qui confirme le rôle de leader retrouvé par l’Égypte sur la scène continentale. Les grandes entreprises se tournent vers l’Afrique Les PME aussi Les TIC au premier plan. Biya, Osinbajo to Formally Open Dangote Cement Plant in Cameroon.
By Crusoe Osagie President of Cameroun, Paul Biya and Nigeria's Vice-President, Professor Yemi Osinbajo, are expected to lead the top echelon of the public and private sector operators in both Cameroun and Nigeria to the formal inauguration of Dangote Group's 1.5 million metric tonnes per annum (mmtpa) capacity cement plant at the Douala Ports, Cameroun on Thursday. The opening of the Cameroun plant which cost the company about $250 million to put together, will be the another progressive step towards Dangote's plan to increase the total output of cement from all its plants in Africa to 53 million tonnes by 2017. While the company is already producing cement in Zambia, Ethiopia, South Africa, Senegal, Cameroun, Ghana and of course Nigeria, new plants in the other African nations and Nepal have reached advanced stages of construction, with many to be opened before the end of 2017, the company's investor relations report stated.
East Africa: Five Ways to Ignite Intra-African Trade in Services to Support Growth. Opinion By Mukhisa Kituyi When you google the words "Africa's economy," images of women balancing baskets on their heads, men picking cotton in the fields, and young children toiling in the mines pop up on the screen. Yet these traditional representations obscure the truth of Africa's rise. A burgeoning services sector is fuelling economic expansion and investor interest.
Given its central role in a modern economy, the services sector can -- and must -- be part of growth and development strategies. Recent research shows that services contribute nearly half of the African continent's output and account for half of its share of foreign direct investment. Clear examples of booming service sectors are mobile banking in Kenya; tourism in Mauritius and the Seychelles, financial services in Morocco, Nigeria and South Africa and transportation in Djibouti, Ethiopia and Kenya.
Yet this services revolution has happened more by default than by design. Nigeria’s Biggest Miller Targets Acquisitions for Growth. Flour Mills of Nigeria Plc, the country’s biggest miller by market value, will seek expansion opportunities in Africa after streamlining its domestic business to focus on food in the continent’s biggest economy. “That will be the next phase of growth,” Chief Executive Officer Paul Gbededo said in an interview on July 24 in Lagos, Nigeria’s commercial capital.
The company will target joint ventures and acquisitions in other countries, he said, declining to name them or give a time frame. Flour Mills, which sold its stake in United Cement Co. of Nigeria Ltd. to Lafarge Africa last year to focus on food and agriculture-related activities, has invested over $1 billion in areas including feed-mill expansion, sugar refining and vegetable oil production in the last five years, Gbededo said. The company plans to invest in sorghum mills at its Northern Nigeria Flour Mills unit with a target of 20,000 to 30,000 metric tons of the foodstuff annually in the next three to five years, he said.
Morocco's BCP takes control of BIA-Niger bankMorocco. RABAT, Aug 20 (Reuters) - Banque Centrale Populaire ( BCP ), one of Morocco's biggest lenders, has taken control of Niger's Banque Internationale pour l'Afrique (BIA-Niger), an official from the Moroccan bank said on Thursday. The deal was signed with the Niger's finance minister as the African country has been the biggest stakeholder in the bank since 2012, when it bought it from Coris International Bank. "We are investing 240 million dirhams ($25 million)as a capital increase which represents 53 percent of the capital," Rachid Agoumi, BCP's director in charge of corporate and international development. BCP , through its African holding company Atlantic Business International (ABI), will buy another chunk from investors in Niger, which will take its overall stake close to 70 percent.
The government in Niger has agreed to support billions of CFA francs of the bank's bad debt, BCP said. "With such a capital increase, BIA-Niger will be in good financial health," he said. © Copyright Zawya. Zim-Mozambique trade grows 64pc in 2 years | The Chronicle. TRADE between Zimbabwe and Mozambique grew 64 percent to $725 million in two years to 2014, attributed to an operational bilateral trade agreement, which gives two countries duty concessions to qualifying products. Both countries are in the Southern African Development Community — which established a free trade area in 2008 — and the qualifying products enjoy duty free entry into either nation. According to the data gathered from ZimTrade, the country’s export promotion body, since 2012 total trade between the two countries has increased by 64 percent from $443 million to $725 million in 2014.
Mozambique is among the fastest growing economies in sub-Saharan Africa with average annual real GDP growth of eight percent. In 2014, Mozambique had a population of 26 million with a gross domestic product (GDP) of $16 billion and a GDP per capita of $451. “This, therefore, provides a lucrative market whose logistical proximity presents tangible advantages for Zimbabwe,” said ZimTrade. Shoprites Plans Big Expansion, To Open 35 Stores in Africa, 14 in Nigeria. South Africa’s Shoprite Holdings is undoubtedly Africa’s biggest retailer by sales. The retailer, which began as a chain of eight stores in South Africa in 1979 has 189 stores outside South Africa and is on the move for greater expansion.
The retailer, which also operates the Checkers grocery chain and OK Furniture, reported a 10.8 per cent rise in full-year earnings on 18th August , buoyed by sales growth of 13.5 per cent in stores outside its home market. Last year it opened 20 stores outside SA. Shoprite is depending on fast growth in markets such as Nigeria and Angola where it is changing the shopping habits of Africa’s middle class. While there are plans to open new 35 stores across Africa before the end of the year, Nigeria will get 14 new stores in the next 20 months. Shoprite is building a distribution centre in the country so as to move goods faster because imports into Nigeria can be delayed in ports. Tags: Shoprite. . — Bimbola Segun-Amao. Africa agri business grows WA footprint.
A major force in African agriculture has increased its footprint in WA as part of long-term plans to grab a share of the local grains industry. AFGRI, a private company started in South Africa more than 90 years ago, wants to use its growing network of farm machinery dealerships in WA as a launch pad for diversification. The company operates John Deere dealerships in a number of African countries where it runs feed mills and is heavily involved in grain handling. AFGRI operations director Gollie Coetzee said the com-pany’s long-term motivation for establishing operations in WA was food security.
“Food security is what we are all about and WA will give us a long-term footprint for that,” he said. AFGRI is not a buyer of Australian wheat but will consider becoming active in the market based on the success of its WA operations. “Africa does not have a major wheat crop because of the winter rainfall,” Mr Coetzee said. “We want to make sure we are in countries that can help us in the long term.” Maroc, Rôle du Maroc dans l'intégration économique africaine. Le solaire marocain s'exporte en Afrique. L’Agence marocaine pour l’énergie solaire (Masen) vient d’annoncer hier, lundi, la création d’Alsolen, une société qui se chargera du développement, de l’industrialisation et de la commercialisation de centrales solaires thermodynamiques.
Particularité de ce nouveau venu : il sera essentiellement tourné vers des marchés internationaux. Alsolen est le fruit d’un accord tripartite signé hier, lundi, entre Masen, le Commissariat français à l’énergie atomique et aux énergies alternatives (CEA) et le groupe industriel français Alcen. La société sera codétenue par Masen et Alcen, à hauteur de 50% pour chaque partie. Le financement est, lui aussi, partagé à parts égales par les deux entités qui fourniront un budget de départ de 30 millions d’euros, soit un peu moins de 300 millions de dirhams chacun.
Un second accord, conclu entre Masen et le CEA, prévoit une collaboration entre les deux entités en matière de recherche et de développement. Ivorian group Atlantique to build a cocoa processing factory in Cameroon. Le groupe marocain Outsourcia s’installe à Madagascar - JeuneAfrique.com. 1100 km de fibre optique entre le Cameroun et le Nigeria. Huawei Begins Installation of Nigeria-Cameroon Submarine Cable System (NCSCS) - AfrICT (Africa ICT) Cameroun-Nigeria : un forum d'affaires en vue à Abuja, pour doper les échanges commerciaux | Business News 2015-07-31. Morocco's Platinum Power to invest over $800 million in Cameroon hydropower project | Central Africa. Somalia government offers nine million hectares to Egypt.