Industry

News : Industry

Nigeria: Coca-Cola Unveils U.S.$20 Million Safe Birth Initiative

[Leadership] The Coca-Cola Company is set to launch a new program tagged, 'The Safe Birth Initiative' aimed at supporting the ministries of Health in Nigeria and Ivory Coast to tackle the high incidence of maternal and newborn mortalities. (AllAfrica)


Tanzania: Billions Lost After Fire Hits Tyre Firm

[Citizen] Dar es Salaam -Property worth billions of shillings went up in smoke after a fire razed a warehouse belonging to trailer manufacturers Superdoll in the city on Friday. (AllAfrica)


Tanzania: Mwanaspoti Launches New Promotion

[Citizen] Dar es Salaam -The best-selling sports and entertainment newspaper in Tanzania, Mwanaspoti, which is published by Mwananchi Communications Limited (MCL) on Friday launched a promotion titled Win Ticket with 'Zali la Mwanaspoti'. (AllAfrica)


Zimbabwe: Innscor to Inject U.S.$8 Million Towards Chicken Restocking

[Zimbabwe Independent] Innscor Africa Ltd says it is planning to invest in excess of US$8 million for the restocking of its chicken-rearing subsidiary Irvine's in the aftermath of the recent avian flu outbreak outbreak at the company's Lanark Farm. (AllAfrica)


Zimbabwe: Foreign Currency Shortages Hit Bakers

[Financial Gazette] Zimbabwe could soon experience massive bread shortages if the current foreign currency crisis is not resolved, baking industry players have said. (AllAfrica)


Zimbabwe: Former Zisco Workers Get Outstanding Salaries

[New Zimbabwe] Former Zisco steel employees have started receiving part of the $38 million windfall availed by government as part of the outstanding salaries backdated to 2009, sources said. (AllAfrica)


Rwanda: Hilton Hotel Franchise Enters Rwanda Market

[New Times] Global hotel franchise, Hilton Hotel, is entering the Rwandan market by taking over Ubumwe Grande Hotel in downtown Kigali. (AllAfrica)


Uganda: Telcos Protest Uganda Telecoms Taking Over Business

[East African] Telcos in Uganda have protested a government directive that all its business will be handled by Uganda Telecoms Ltd (UTL), in which the government has a minority stake. (AllAfrica)


Seychelles: 10 Airlines Connecting the World With Seychelles

[Seychelles News Agency] Seychelles, an island nation in the western Indian Ocean, relies heavily on the tourism industry to sustain its economy. (AllAfrica)


Zimbabwe: Zimplats Mines 7 Million Tonnes Platinum Ore

[263Chat] Platinum mining giant, Zimplats has improved its mining capacity which saw the company extracting a record 7 million tonnes of ore for the year ended June 2017 compared to 6.6 million tonnes during the comparable period in 2016. (AllAfrica)


Zimbabwe: National Social Security Authority's Equity Intact

[Zimbabwe Independent] The High Court judgement which nullified transactions made by three former Renaissance Financial Holdings Limited (RFHL) directors after they were fired in 2012 does not affect the National Social Security Authority (Nssa)'s controlling equity in First Mutual Holdings Ltd (FMHL) as the stake was acquired in 2011 prior to the dismissal of the trio, documents seen by businessdigest this week show. (AllAfrica)


Zimbabwe: Delta Corp Pension Fund Battle Rages On

[Zimbabwe Independent] Beverages manufacturer Delta Corporation has told its former workers who are demanding proceeds from a contentious pension fund that was set up following the de-mutualisation process in 2001 to seek redress from the courts, businessdigest has established. (AllAfrica)


Zimbabwe: Government, Chemical Firms Strike Forex Deal

[The Herald] Government has struck a deal with chemical companies through which they will be able to access foreign currency to import agricultural chemicals that will be sold at subsidised prices, VP Mnangagwa has said. (AllAfrica)


Zimbabwe: Hwange Targets Increased Coal Output

[The Herald] Zimbabwe Stock Exchange-listed coal miner Hwange Colliery Company (Hwange) is targeting produce 400 000 tonnes of coal per month by the end of 2017 following a ten-fold jump in production over the past nine months. Building on the success of its acquisition of $31,2 million worth of equipment in June 2015, expected to raise monthly coal output to 500 000t from 300 000t and drive the company to profitability, Hwange said it was on course to breach current production levels of 300 000t a month to hit 400 000 (AllAfrica)


Liberia: Total Makes 10 Commercial Motorcyclists Smiled

[New Republic] The management of TOTAL Liberia has put smiles on the faces of Liberians during the close of its "Win Big" campaign that lasted from the beginning of June to October 2017. (AllAfrica)


Liberia: Total Liberia Boosts Motorcyclists' Morale With Raffle Draw

[Observer] TOTAL Liberia Incorporated has given out several prizes to nine winners, featuring one new trycicle (kehkeh), three motorbikes and five pre-loaded fuel cards valued at two hundred United States dollars. (AllAfrica)


Kenya: Hilton to Open Ngong Road Outlet in December

[Nation] Global hotels brand Hilton is set to rebrand Nairobi's Amber Hotel as part of a Sh5.2 billion ($50 million) plan to open about 100 hotels in Africa over the next five years. (AllAfrica)


Morocco: Automobile Sector Set for New Manufacturer

[Moroccan American Center] Fiat has joined other major automobile manufacturers in setting up shop in Morocco; Siemens discloses progress on wind blades production; Spanish media giant selects Morocco as its African platform; and EBRD continues its support for growing small and medium enterprises. Elsewhere, Moroccans will compete to demonstrate green projects and begins training programs for local officials from Africa. (AllAfrica)


Uganda: Ugandan Banks' 2016 Stock of Bad Loans Doubles

[East African] Ugandan banks recorded a sharp drop in after tax profits to $82.8 million last year from $148.3 million the previous year, attributed to a slowdown in credit growth and increase in non-performing loans. (AllAfrica)


Tanzania: Regulator Rejects Six Applications From Telcos to List On Dar Bourse

[East African] Plans by telecommunications companies to list on the Dar es Salaam Stock Exchange seem to have been derailed by the Capital Markets and Securities Authority (CMSA), which has rejected six submitted prospectuses. (AllAfrica)


South Africa: SABC Bowing to Pressure From the ANC About Nkosazana Dlamini-Zuma

[DA] The DA is gravely concerned about an announcement by the Acting CEO of the SABC, Nomsa Philiso, suggesting that the SABC has bowed to political pressure from the ANC. (AllAfrica)


South Africa: Eskom's Attempt to Recover R1.5 Billion From Mckinsey and Trillian Is Evidence There Was Wrongdoing

[DA] The DA notes Eskom's plans to recover the more than R1.5 billion it had unlawfully paid to McKinsey and Trillian. (AllAfrica)


Liberia: MNG Mine Spill Leaves 30 Hospitalized and Farms At Risk

[FrontPageAfrica] Kokoyah -They gathered this last Saturday morning with no idea the trouble they were about to face. (AllAfrica)


East Africa: Safaricom Extends M-Pesa 1tap to Five Counties

[CIO] Safaricom extends M-PESA 1Tap to five counties following successful trials over the last four months in Nakuru. (AllAfrica)


Zimbabwe: Facility for Locals to Buy Brainworks Shares On JSE

[The Herald] Brainworks Capital is working on a facility with the Reserve Bank of Zimbabwe, which will allow Zimbabwean investors to buy shares of the company when it lists on the Johannesburg Stock Exchange, without the need to source for foreign currency. (AllAfrica)


Malawi: Sharia-Law Banking Services for All, Says Muslim Association of Malawi

[Nyasa Times] The Muslim Association of Malawi (MAM) has hailed the interest-free participation banking new guidelines drafted by Reserve Bank of Malawi embarcing an Islamic banking system which charges no interest, unlike conventional banks, calling them long overdue, as over 30 percent of Malawi's population of 17.5 million is Muslim. (AllAfrica)


Uganda: Energy Firm Bujagali Seeking U.S.$500 Million in Fresh Debt

[East African] Ugandan power generating company Bujagali Energy Ltd, plans to raise $500 million in a refinancing plan that will see it lower electricity tariffs at a time when the government is struggling to increase access to power. (AllAfrica)


South Africa: Cosatu Congratulates Its Affiliate Saccawu On Its Court Victory Against Pick 'N Pay

[COSATU] The Congress of South African Trade Unions congratulates its affiliated union the South African Commercial, Catering and Allied Workers Union {SACCAWU} for challenging and ultimately winning the case of unfair dismissal of over sixty one Pick 'n Pay Employees. The employees from the Woodmead stores were dismissed for participating in a national strike in September 2010. (AllAfrica)


Namibia: Boycott Shoprite, Govt Told

[New Era] Windhoek -Local labour expert and activist Herbert Jauch has written to poverty eradication minister Zephania Kameeta to ask the ministry to stop procuring any goods from Shoprite-Checkers Group of Companies because of its alleged exploitative labour practices. He called on Kameeta to publicly express his support for the Shoprite workers and to announce that the ministry he heads will not make any further purchases from the Shoprite-Checkers group until disciplinary charges against over 100 workers have been dropped (AllAfrica)


Tanzania: Petra Set to Resume Export, Sale of Diamonds

[East African] Petra Diamonds is set to resume selling and exporting minerals from its Williamson mine in Tanzania that the company shut down about three weeks ago amid an export valuation dispute with the Tanzania government. (AllAfrica)


South Africa: Finance Minister Responds to KPMG Developments

[Govt of SA] The Minister of Finance would like to express deep concern about audit matters currently surrounding KPMG. These developments have created a bad image and have undermined the reputation of good governance and audit independence in one of the key sectors and institutions in our economy. These developments further threaten to undermine our efforts in reinforcing confidence and enhancing a climate for investments, both domestic and international. (AllAfrica)