Industry

Agribusiness

Construction Industry

Mining Industry

Commodities

Petroleum Industry

Privatizations

Transports

News : Industry

Whatana Investments, a company chaired by Mozambique's former first lady, Graca Machel, has taken a five per cent stake in Vodacom Mozambique (VM), one of the two mobile phone operators in the country. (AllAfrica)

CAPITAL equipment rental and leasing group Eqstra, which made a modest debut on the JSE yesterday, plans to diversify into agriculture, power generation and railing stock. (AllAfrica)

JUNIOR gold miner Pamodzi Gold is considering various financial instruments to raise $30m-$50m to finance its working capital needs. (AllAfrica)

The Board of Directors of United Bank for Africa (UBA) Plc has approved a major repositioning "to fully enable the bank realise the next phase of its strategic growth and global expansion", a statement from the bank yesterday said. (AllAfrica)

GASES and welding products company Afrox had been struggling with capacity constraints, resulting in inability to meet demand and poor service, MD Tjaart Kruger told shareholders last week. (AllAfrica)

INTERNATIONAL accounting firm Grant Thornton International's global revenue rose by a record 25% last year to $3,5bn. (AllAfrica)

A new twist was yesterday added to the ongoing trial to determine who actually breached the agreement reached between the Nigerian promoters of the telecommunication giant, Econet Wireless (now Celtel Nigeria) as the Economic and Financial Crimes Commission (EFCC) tendered statements by Jubril Adewale Tinubu, member of the Board of Celtel Nigeria, before a Federal High Court, in Lagos. (AllAfrica)

South Africans had managed to save up to 7 percent in electricity demand last month, says Eskom's Chief Executive Officer, Jacob Maroga. (AllAfrica)

The resignation of Kagiso Trust Investments COO Roger Jardine, effective 30 June 2008, was announced by Johnson Njeke, group MD of Kagiso Trust Investments (KTI), this morning, Tuesday 13 May. Jardine will, however, continue in the role of non-executive chairman of Kagiso Media. (AllAfrica)

A technical hitch saved Nairobi motorists from digging deeper into their pockets after Kenya Oil Company petrol pumps failed to adjust past Sh100 per litre of fuel. (AllAfrica)

The deadline for investors to lodge claims for their shares in Nyaga Stockbrokers Limited will not be extended, the managers of the cash-strapped firm have said. (AllAfrica)

BARRING any last minute change, the Federal Government is scheduled to formally endorse the terms of agreement on the handing over of the ownership of NICON Insurance to Mr Jimoh Ibrahim before a Federal high court sitting in Abuja by next Monday. (AllAfrica)

UNITED Bank for Africa, (UBA) has announced a major restructuring of the bank into six Strategic Business Groups and three Strategic Support groups. (AllAfrica)

INDUSTRIAL group Barloworld, which posted a strong set of results for the six months to March yesterday, will spend R500m to upgrade facilities as it gears up to take advantage of growth in the mining and construction sectors in southern Africa. (AllAfrica)

Paper manufacturer, Pan African Paper Mills is seeking a cash injection of Sh325 million and conversion of shareholder debts totalling Sh752 million into equity, to stay afloat. (AllAfrica)

TORORO Cement has unveiled a $25m four-year expansion plan. The plan involves investing into new facilities, a top official said last week. (AllAfrica)

Dozens of local and foreign suitors are lining up to buy a stake in Uchumi Supermarkets, barely two years after the listed chain closed its doors and asked for statutory management. (AllAfrica)

Production looses arising from the protracted Niger Delta crisis and alleged inability of the Nigerian Government to properly fund its own share of the Joint venture has put the Shell Petroleum Development Com-pany of Nigeria (SPDC) in a financial crisis. (AllAfrica)

A fortnight after Kenya's Equity Bank announced plans to acquire Uganda's largest lender, Uganda Microfinance Ltd, the bank has reported that earnings for for the first quarter of 2008, grew by 81 percent, pushing its liquidity ratio to 74 per cent. (AllAfrica)

A recent study has revealed that a number of companies in the private sector are still in denial about HIV/AIDS at the workplace, with several Namibian companies indicating their employees are highly educated and thus not at risk of being affected by HIV/AIDS. (AllAfrica)

Agrostone production, initially introduced by the Housing Development Agency of the Addis Ababa City Administration under the then Mayor, Arkebe Oqubay, has expanded to the Southern Nations Nationalities and Peoples Region (SNNPR). (AllAfrica)

After nearly two weeks of speculation and denials, the South African mobile network company MTN has said it is in 'exploratory' discussions with the New Delhi-based Bharti group for a possible takeover or a strategic alliance. (AllAfrica)

"I am sure you will all agree with me that investment in education is essential for the development of any society. Education is one of the most important catalysts and is a key to the development of any country." (AllAfrica)

The strike at Skorpion Zinc mine remains in place with protracted negotiations between the Mineworkers Union of Namibia and mine management continuing throughout the weekend without any positive results. (AllAfrica)

Tanga Cement Company will increase production from 500,000 tonnes annually to 750,000 tonnes when the project ends in October 2009. (AllAfrica)

A Chinese company is exploring the possibility of investing US$500 million for electricity generation in Zimbabwe, Chinese Ambassador to Zimbabwe Mr Nansheng Yuan has said. (AllAfrica)

Police in Harare have engaged Zesa Holdings and Harare City Council in the wake of an increase in plain robberies, which have seen people losing lives and property. (AllAfrica)

One of the shareholders of Pan Paper Mills is set to visit the troubled firm Monday over what an official said are "issues affecting the company". (AllAfrica)

A milk processing company has secured new markets for its products in the east and central African countries. (AllAfrica)

East African Breweries Limited will spend Sh5 million towards the construction of toilets, shower rooms and water points at the city's Muthurwa market and bus terminus to serve hawkers, their clients and commuters. (AllAfrica)

Having reorganised its business in Kenya four years ago by merging some production units, global soft drink giant Coca-Cola has changed tack and is now putting in more money to expand production. (AllAfrica)