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IFC injects $97 million into National Cement in Kenya and Uganda
Kenyan multi-millionaire businessman Narendra Raval has raised $97 million in the form of debt and equity from the International Finance Corporation t...
Manufacturing
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Investor stakes $450 million on new Free Trade Zone, to build ships in Nigeria
The much needed investment that will spore activities in the maritime sector that stakeholders have been yearning for is set to materialise as promote...
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Unilever Nigeria Plc discloses plan to increase local content in production
Unilever Nigeria Plc has disclosed a planned initiative aimed at increasing access to local raw materials, through partnerships with farmers and inter...
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Coca-Cola set to launch alcoholic drink
Coca-Cola, a beverage company, says it is planning to produce an alcoholic drink for the first time in the 125 years of its existence. In September, t...
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House of Reps to hold sectoral debate on Ajaokuta Steel Company on Thursday
The House of Representatives will on Thursday, resume its sectoral debates, with special focus on the steel sector, and specifically, on how to revive...
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Heinken cheers rising profits in 2017
Dutch brewing giant Heineken said Monday that profits jumped by a quarter in 2017, thanks to higher sales of its premium brand beer across nearly all ...
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Global Tea beats Unilever in beverage volumes bought at auction 2017
Global Tea & Commodities, makers of Kericho Gold and Baraka Chai, was the largest buyer of the beverage at the Mombasa auction in 2017—ending mult...
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British American Tobacco wins first round of tax battle over Uganda exports
Cigarette maker British American Tobacco has won the first round in what promises to be a bruising tax battle against the Ugandan government. The Eas...
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Opel to commence exportation of cars to Tunisia, Morocco from Europe
PSA Group’s Opel plans to start exporting cars to Tunisia and Morocco from its European plants, its chief executive told German daily Frankfurter Allg...
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Why we can’t establish a plant in Nigeria – Samsung
Samsung Electronics says one of the reasons for not establishing a manufacturing plant in Nigeria is because its market share in the country is not bi...