Market News
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Kenyan steel maker to invest in metal sheet production
Posted on :Thursday , 27th November 2014
Kenya-based steel company Devki Group will invest US$321.2mn in the manufacturing of metal sheets used to produce roofing sheets and key automobile componentsThe company will start the production of Aluzinc, which is used in making exhaust pipes and chassis. Devki has plans to export up to 40 per cent of its Aluzinc to automotive industries in South Africa and Euro. . .Chinese firm to invest in Africa\'s Industrial sector
Posted on :Thursday , 27th November 2014
The first phase of the project, which is targeted to produce 40,000 tonnes of ferrochrome annually, will be set up in Selous.
Standard Chartered and Ashmore invest in Africa\'s Industrialization
Posted on :Thursday , 27th November 2014
Africa Standard Chartered Private Equity head Yemi Osindero said, “We are excited to have invested in a long-term Standard Chartered client that has become a fast-growing manufacturing company.
UAE\'s Mubadala signs US$5 billion deal with Africa to develop aluminium industry
Posted on :Wednesday , 26th November 2014
According to Reuters, Guinea’s minister for mines and geology, Mohamed Lamine Fofana, said the deal included a US$4bn contract for building an alumina refinery and port and a US$1bn agreement to extract and export bauxite to the UAE.
Saudi Arabian firm begins Industrial exploration in East Africa
Posted on :Wednesday , 26th November 2014
Saudi Arabian conglomerate SABIC, which is 70 per cent-owned by the government and has interests in chemicals production, fertilisers, industry polymers and metals, has been exploring the Atomai Mines in Zouerate, northern Mauritania and has been conducting a series of feasability studies. The site is beli. . .
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