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News : Industry

An Indian vehicle manufacturer has launched its brands in the Kenyan market in a move that is bound to intensify competition. (AllAfrica)

Kenya Ferry Services Limited has requested tenders for the expansion of its Peleleza mooring jetty to accommodate the two 70-metre new ferries. (AllAfrica)

Vodafone Ghana has officially opened its first Internet Café at Cantonment in Accra. The Internet Cafe, together with a Wifi area has Wifi hotspot and a seating capacity for 100 customers. The facility provides a world class high speed internet services at a cost of GH¢2.5 per an hour, guaranteeing customers value for their money. (AllAfrica)

The Ministry of Youth and Sports has copiously commended beverage producers, Nestle Ghana Limited, for rallying behind the country's sports, especially athletics. (AllAfrica)

Reha Medical Group Limited, a leading importer of health equipment into Ghana and other countries in Africa has presented a sponsorship package to the Medical Students' Exchange Programme. (AllAfrica)

The Gambian leader, His Excellency Sheikh Professor Alhaji Dr Yahya Jammeh, yesterday afternoon received a donation of teleprompter worth US 10,000 (ten thousand dollars) and a threshing machine from the country's GSM giant, Africell, during at a ceremony held at State House, Banjul. (AllAfrica)

Western Union, on Monday, held its Tobaski raffle draw at the premises of its main agent in The Gambia, Trust Bank Ltd, Banjul branch. (AllAfrica)

NIGERIANS have been told to brace up for the unexpected as the much orchestrated generation of 6,000MW of electricity by the Power Holding Company of Nigeria (PHCN) at the end of the year is no longer realisable. (AllAfrica)

The Director of Automobiles Peugeot France (APF), in Africa, Asia and the Pacific Mr. Jean-Yves Dossal, says that the company has sold over 270,000 Peugeot Sedan cars throughout Asia and South America since the brand started rolling out of the factory. (AllAfrica)

First City Monument Bank (FCMB) Plc has announced a loss of N6.9 billion in its five months financial statement, for the period ended, September 30, 2009. (AllAfrica)

EMPOWERMENT firm Sekunjalo yesterday posted an operating loss of R28m in the year to August, but CEO Khalid Abdulla said it now had a strong balance sheet to "cherry-pick" assets being sold by cash- strapped owners. (AllAfrica)

SIMMER & Jack yesterday applied for an urgent interim court order to stop an extraordinary general meeting of shareholders from being convened, in the latest twist in the boardroom battle between the company and its empowerment partner, Vulisango. (AllAfrica)

JUST before 2pm on Wednesday, thunder was ominously rumbling. Anxious not to endanger my electronic lifeline, I disconnected the PC from the main and unplugged the ADSL line. Just after 2pm, while my communications system was in limbo, Murray and Roberts Holdings (M&R), the first counter bought by the Private Investor portfolio, published its disappointing trading update for the half-year ended December. (AllAfrica)

Fin Insurance Company Limited, a subsidiary of Fin Bank Plc, in its 2008 financial year has recorded gross premium income of N875 million as against N513 million last year, showing an improvement of 71 percent. (AllAfrica)

Orange Uganda and Apple will launch the iPhone 3GS in the country next month after the phone turned heads in the USA and UK. Orange is hoping to target the elite clientele, seeking more value for their money from their cellular phones. (AllAfrica)

Murray & Roberts Group says it's noted the recent request by Emirate of Dubai state-owned developer Dubai World and its subsidiary Nakheel, for a temporary suspension of debt repayments. (AllAfrica)

HP Billiton , the world's largest mining group, said yesterday that it would use its strong cash position to capitalise on the recovery in commodities to fund new projects as most companies were cutting back their investments. (AllAfrica)

INVESTEC Asset Management was enjoying a year of record funds under management and inflows as investors recovered from the shock of the financial crisis and were investing with asset managers that had proved resilient throughout. (AllAfrica)

IMPENDING cuts in the cost of making a cross-network cellphone call will dent the earnings of telecoms provider Vox, but the company believes it can ultimately benefit from the enforced need to widen its service offerings. (AllAfrica)

INTERNET and pay-TV delivered a sound performance for media group Naspers , more than offsetting the pressures experienced by its print business, which reflects global trends. (AllAfrica)

Dana Steel Limited, the core investor in the Katsina Steel Rolling Company, has cut down the volume of its billets' import by 81 per cent. Billets are one of the raw materials used in the production of steel. (AllAfrica)

Dangote Noodles Limited will produce 21 million cartons of noodles yearly in each of the company's three plants located in Lagos, Kano and Cross River States. (AllAfrica)

In line with its corporate social responsibility policy, APM Terminals Apapa Limited has commissioned the renovated Randle Senior Secondary School, Apapa which cost the company N10million. (AllAfrica)

Union Bank of Nigeria Plc. has doled out over N16million and attractive prizes, including nine brand new Toyota Corolla cars and 60 motor-cycles, to redeem its promises to lucky savers under its ongoing savings bonanza. (AllAfrica)

Civil society activists have piled pressure on the government to make public all agreements it has entered with companies prospecting in oil that has been discovered in the Albertine region in western Uganda. (AllAfrica)

Omatek Ventures Plc has declared a dividend of N147.09 million in its 2009 financial year, representing a dividend per share of N0.05 each. (AllAfrica)

Former Bank of Tanzania (BoT) director personnel and administration Amatus Liyumba was a key coordinator in the twin tower project, the Kisutu resident magistrate court heard yesterday. (AllAfrica)

Tanga Cement (TCC) expects brisk business from implementation of the East African Community (EAC) Common Market, its officials have said. (AllAfrica)

The Governor of Oyo State, Otunba Christopher Adebayo Alao-Akala has approved the change of the nomenclature of Radio O.Y.O. 2. located at Mapo Hill, Ibadan. (AllAfrica)

The Federal Executive Council (FEC) yesterday approved N71 billion contract for road rehabilitation across the six geo-political zones and contract for the procurement of 116 units of Peugeot brand of cars for the Nigeria Customs Service (NCS) from the Peugeot Automobile of Nigeria Limited. (AllAfrica)

Globacom Limited, the Official Sponsor of the National Teams of Nigeria, has rejected claims by the Nigeria Football Federation (NFF), that it has defaulted in the payment of the sponsorship fee for 2009 and says it may seek redress in court if the federation fails to retract the statement. (AllAfrica)