Africa following in the footsteps of Europe, Asia to industrialisation

  “There are about 10,000 such factories on the continent, and the number is surely higher now. Nigeria, Zambia, Tanzania and Ethiopia have the largest concentrations” African industrialisation has to be among the most important things happening in the world right now. The vast continent, with a population of more than 1.2 billion people, is […]

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Auto giants battle used car dealers for Africa’s huge market

  Joe Bavier, Emma Rumney, Duncan Miriri JOHANNESBURG/NAIROBI (Reuters) – At the edge of Nairobi’s Ngong Forest, thousands of used cars glitter in the hot sun on a dusty field, waiting for buyers. Imported from Japan or the Middle East, they offer an affordable route to vehicle ownership in Kenya and have dominated the market […]

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African Union Envisions a Commodity – led industrialisation for the Continent by 2063

    Africa’s great commodity wealth has created challenges as well as opportunities. The African Union’s Commodity Strategy will ensure a more collaborative process of developing and managing the continent’s natural resources. Africa has about 12 per cent of the world’s oil reserves, 42 per cent of its gold, 80–90 per cent of chromium and […]

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Simmering stock cube battle shows evolving West African tastes

‘Maggi still dominates West Africa’s stock cube market – valued at $375 million by market research firm Fact.MR.’    Sofia Christensen DAKAR, Feb 19 (Reuters) – Mamy Gueye conjures up her version of thiebou diola – a marinated fish and rice dish, served with green sorrel leaves – at a roadside eatery in Senegal’s capital […]

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ISSUE: The Safety of Pharmaceuticals, by UNIDO

  ” A study by the World Economic Forum shows that falsified medicines represent a market of USD200 billion per year” Access to affordable and quality medicines is still not easy in many countries, especially in Africa. The World Health Organization (WHO) estimates that more than 10 per cent of medicines circulating in developing countries […]

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Cemex in 2018

Cemex was the first of the big multinational cement producers to release its fourth quarter results this week. Revenue, sales volumes of cement and gross profit were all up in single digits. Earnings growth was less impressive, with operating earnings before interest, taxation, depreciation and amortisation (EBITDA) rising by 1% year-on-year on a like-for-like basis […]

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