News : Industry

Nigeria: Turkish Flight Lands Safely With Burst Tyres At Port Harcourt Airport

[This Day] Turkish Airlines' flight with over 200 passengers was involved in serious incident when it landed at the Port Harcourt International Airport, Omagwa by 3.30a.m. with burst tyres. (AllAfrica)

Ethiopia: Constitutional Inquiry Concludes Six-Year Battle

[Addis Fortune] The claimants plan to appeal to the House of Federation. (AllAfrica)

Ethiopia: Int'l Union Prods PM to Intervene in ET Labour Dispute

[Addis Fortune] The heated dispute between a newly formed labour union and the management of Ethiopian Airlines Group escalated this month with the intervention of continental and international trade unions. (AllAfrica)

Kenya: How Nakumatt Directors Siphoned Sh1bn

[Nation] Nakumatt Holdings had lent its directors more than Sh1 billion in interest-free soft loans by the time it was placed under administration on January 22, 2018, according to a review of the company's financial statements. (AllAfrica)

Rwanda: Former Jumia Staff Sets Up Food Delivery Services

[New Times] A local food delivery company, Vuba Vuba Africa has set up operations and is set to commence deliveries today. (AllAfrica)

Nigeria: Turkish Flight Lands With Burst Tyres At Port Harcourt Airport

[This Day] Turkish Airlines flight with over 200 passengers was involved in serious incident when it landed at the Port Harcourt International Airport, Omagwa by 3: 30 am on Tuesday with busted tyres. (AllAfrica)

Africa: Dangote Moves Up to World's 96th Richest Man

[This Day] The Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, has been ranked the world's 96th richest man in 2019 by the Bloomberg Billionaires Index (BBI), which was released yesterday. The index estimated his net worth at $14.8 billion. (AllAfrica)

Ethiopia: Abay Industrial Ventures Into Garment Industry

[Addis Fortune] Abay Industrial Development S.C., the economic wing of Amhara Regional State, has set up its fourth manufacturing plant in Gonder town for 452 million Br. (AllAfrica)

Nigeria: Dangote Cement Leads As 10 Firms Account for 74% of NSE's Capitalisation

[This Day] Dangote Cement Plc, MTN Nigerian Communications Plc, Nestle Nigeria Plc, Airtel Africa Plc and Guaranty Trust Bank Plc closed 2019 as the top five most capitalised stocks on the Nigerian Stock Exchange (NSE). The five stocks, along with five others accounted for 74 per cent of the market capitalisation in 2019. (AllAfrica)

Nigeria: CEOs, Executive Staff Handle Deliveries At Konga

[This Day] Konga, Nigeria's leading composite e-commerce giant, has gone a long way to spread festive cheer among its teeming customers. To this end, Konga's co-Chief Executive Officers, Prince Nnamdi Ekeh and Nick Imudia; as well as other Management Executives of the company have personally handled deliveries to customers in various locations. (AllAfrica)

Nigeria: C & I Leasing PLC Extends Rights Issue to January 13, 2020

[This Day] Shareholders of C & I Leasing Plc, who are yet to take up their rights have opportunity to so as the issue has been extended to January 13, 2020. (AllAfrica)

South Africa: Pipeline Fire in Alberton the Result of Attempted Theft - Transnet

[News24Wire] Attempted theft caused a pipeline fire in Alberton, Ekurhuleni, on Tuesday, according to Transnet CEO Sibongiseni Khathi. (AllAfrica)

Nigeria: My Companies Lost N25bn to Apapa Ports Road Gridlock - Dangote

[Daily Trust] Lagos -The traffic gridlock on the Apapa ports road has cost the Dangote Group about N25 billion in revenue between 2017 and 2019 financial year, President/Chief Executive Officer of Dangote Group, Aliko Dangote, has said. (AllAfrica)

Nigeria: AIB Releases Preliminary Report On Medview Airline's Incident

[This Day] The Accident Investigation Bureau (AIB) has released a preliminary report on the incident involving Med-View Airline's Boeing 737-500 aircraft with registration number 5N-BQM at the Murtala Muhammed Airport (MMA), Lagos with 34 people onboard. (AllAfrica)

Namibia: Environment Ministry, Diaz Sign Land Lease for N$1,5 Billion Wind Farm

[Namibian] THE environment ministry has signed a land lease agreement with an independent power producer for the construction of a 44-megawatt renewable energy plant. (AllAfrica)

Kenya: Safaricom Beats Zuku Internet for First Time

[Nation] Safaricom has overtaken Wananchi Group-owned Zuku in fixed internet connections and now controls 34 per cent of the market, latest data shows. (AllAfrica)

Kenya: Gilanis Supermarket Launches Online Shopping Service

[Nation] As the number of supermarkets in Nakuru town increases, retail owners have intensified their campaign to woo more clients. (AllAfrica)

Nigeria: Sahco Boss Wins Leadership Award

[This Day] The Managing Director/CEO of the Skyway Aviation Handling Company PLC (SAHCO), Basil Agboarumi, has been presented with the Bob Ogbuagu Leadership Award at the 2019 Lagos PR Industry Gala and Awards (LaPRIGA). The event was oganised by the Lagos State chapter of the Nigerian Institute of Public Relations (NIPR), held in Lagos. (AllAfrica)

Namibia: Agribank Urges Govt to Invest in Climate Resilience

[New Era] Windhoek -Agricultural Bank of Namibia (Agribank) chief executive officer (CEO) Sakaria Nghikembua has urged government to be strategic and invest more in climate resilience, saying it will help minimise the impact of drought. (AllAfrica)

Tanzania: Govt Urged to Extend SIM Card Registration Deadline

[Daily News] As the December 31, 2019 deadline for biometric SIM card registration draws near, some Kagera residents have appealed to the National Identification Agency (NIDA) to speed up issuance of identity cards to avoid inconvenience. (AllAfrica)

Kenya: Dams Saga Vehicles Battle Gets Complex

[Nation] Benisa Limited, the firm at the centre of two separate investigations into ghost projects in Murang'a and Marsabit counties, has now laid claim to 12 vehicles that are at the centre of the Sh41.5 billion dams saga, as it seeks to auction them to recover debts from a botched deal with collapsed CMC Di Ravenna. (AllAfrica)

Nigeria: Lafarge MD Resigns, Joins Rival Dangote Cement

[Premium Times] The management of Dangote Cement Plc has announced the appointment of Michel Puchercos as the new managing director of the company. (AllAfrica)

Nigeria: Peak Milk Celebrates Nigerians With 12 Days of Peakmas

[This Day] In the spirit of celebrating the Yuletide season, Peak Milk commenced the Christmas celebration with the "12 days of Peakmas" - a campaign which exemplifies love and kindness to everyone, everywhere. The campaign began with asking the public to nominate unsung heroes, who through their selfless and often unrewarded service, make our societies a better place. (AllAfrica)

Ethiopia: Oromia Insurance Kicks Off HQs Building

[Addis Fortune] The Financial District in the capital welcomes the construction of one more headquarters building - this time for Oromia Insurance Company. (AllAfrica)

Ethiopia: Oldest City Bus Service Digitises Operations

[Addis Fortune] With financing from the World Bank, Anbessa City Bus Service Enterprise is starting the process of adopting an application for better transport management. (AllAfrica)

Rwanda: KFC to Open Shop in Rwanda

[New Times] American fast food restaurant Kentucky Fried Chicken (KFC), known widely for its crispy fried chicken, has revealed that it will "soon" open its fast-food chain in the country, sending fans into frenzy. (AllAfrica)

Nigeria: Ihedioha Backs Shell's Gas Project in Imo

[This Day] Imo State Governor, Hon. Emeka Ihedioha, has pledged the support of the government and people of the state for the success of the multi-billion dollar Assa North/Ohaji South Gas development project. (AllAfrica)

Namibia: Standard Bank SA and Others Sanctioned for Money Laundering Shortcomings

[Namibian] THE South African Reserve Bank has imposed administrative sanctions on five prominent banks, including hefty fines to the tune of N$37,5 million, after routine inspections revealed inadequacies in their money-laundering control measures. (AllAfrica)

Tanzania: Why Vodacom Tanzania Directors Are Stepping Down

[Citizen] Dar es Salaam -Vodacom Tanzania Limited announced yesterday that two of its directors are leaving its board. This comes about two months after the telecom company's chairman, the late Ali Mufuruki, also left the board. (AllAfrica)

Zimbabwe: StarAfrica's Sugar Production Down 4 000 Tons Due to Power Shortages

[New Zimbabwe] LISTED sugar producer, StarAfrica Corporation Limited (SACL) production went down 3 744 tonnes in the firm's first half ended September 30 2019 owing to choking electricity shortages obtaining nationwide. (AllAfrica)

Zimbabwe: 'Diamonds to Contribute U.S.$1 Billion By 2023'

[263Chat] Diamond sector mining output for the 2020 period has been pegged at US$1 billion buoyed by investments in exploration as well joint venture agreements, officials in the diamond industry have said. (AllAfrica)