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Zimbabwe bread price jumps 60% in price, as shortages persist
The price of bread, Zimbabwe’s second most-consumed staple, jumped 60% overnight due to escalating costs of production, the national bakers’ associati...
Manufacturing
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Jobs boost as Opel, Peugeot start assembling vehicles in Namibia
Government’s commitment and effort to attract foreign direct investment was reaffirmed yesterday when President Hage Geingob took the first loca...
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Nigeria’s @CenBank plans incentives to boost credits to manufacturing, agric sectors
The Central Bank of Nigeria (CBN) is to implement a special cash reserves requirement (CRR) regime that would encourage Deposit Money Banks to direct ...
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BREAKING: Procter & Gamble to shut down $300 million Nigeria production plant
About a year after commissioning its largest Nigerian plant, Procter & Gamble (P&G) is set to shut the plant. The leading FMCG (Fast-moving Co...
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Peugeot to establish Nigerian assembly plant in Kaduna next year
PSA Peugeot Citroen has revealed plans to start assembling cars in Nigeria by the first quarter of 2019 through a joint venture with the Chairman of t...
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Cereal manufacturing company Kellogg plans to invest $420m in Nigeria
Fruit Loops cereal maker Kellogg Co topped Wall Street forecasts for first-quarter profit and sales on Thursday, boosted by stronger sales of snacks i...
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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...
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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...