Market News
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EAST AFRICA : Meet the market movers
Posted on :Monday , 29th September 2014
The rapid growth of East Africa's 150-million strong population has seen housing stocks come under pressure, prompting construction firms to embark on ambitious projects in a bid to close the deficit.
With GDP up by an average of 5% across the region in 2012, commercial and residential construction is pushing up sales of East Africa's steel products, whi. . .
Museveni opens biggest steel plant in East Africa
Posted on :Saturday , 27th September 2014
President Yoweri Museveni has commissioned the new Ushs320b Roofing’s Group mega steel factory in Namanve, Mukono district urging locals to learn from the work methods of Ugandans of Indian origin to fast track development.
Creation of new jobs and improve competitiveness through development of industrial zones in East Africa
Posted on :Wednesday , 6th August 2014
The World Bank’s Board of Executive Directors today approved monetary support to the Government of Kenya effort to create new jobs and increase competitiveness in the light manufacturing sector through the development of industrial zones and enhancing linkages with the local economy. &n. . .
Africa to provide significant steel opportunities
Posted on :Thursday , 31st July 2014
Steel plant processing technology, equipment and services specialist SMS Siemag, a division of SMS group, supplier of processing technology, equipment and services for the ferrous, ferroalloy and nonferrous metals industries, says there is potential to establish new steel plants in Africa in the next five years and hopes to capitalise on these developments.
SMS Siemag South Afri. . .
German\'s industrial machine exports to Africa hit 580m euro
Posted on :Monday , 28th July 2014
German exported industrial machines worth 580 million euro to Africa in 2013, representing 7.5 per cent of the country’s total export, Mr Richards Clemens, Managing Director, Packaging Machinery Association of Germany told journalists in Lagos on Monday.He said there was an increase in the global demand for German technology, adding that Nigeria was top on the list of countries making suc. . .
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