Market News
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African firms invest in new tech to intensify global competition
Posted on :Monday , 7th September 2015
THE rapid growth of the mining industry, especially in Central Africa, is being mirrored in the market for mining explosives and chemicals across Sub-Saharan Africa. Almost 65 percent of major and minor mining firms in the region indicated that they would increase expenditure on explosives and chemicals in 2015, thereby stimulating a tepid market environment.
The mi. . .
Steel coatings firm appoints sales agent in Europe, Middle East & Africa
Posted on :Monday , 7th September 2015
Tesla NanoCoatings and Norwegian Drilling Group have launched a new class of corrosion protection coatings targeting the oil and shipping industries. Corrosion in these industries is a major maintenance issue that can severely hamper operations. Tesla NanoCoatings' products utilize carbon nanotechnology to prevent corrosion and extend the life of oil platforms and equipment as well as ships.
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East Africa emerges as a trade hub
Posted on :Friday , 4th September 2015
East Africa is emerging as a trade hub to rival sub-Saharan Africa’s two heavyweight states of South Africa and Nigeria, according to analysis by Barclays published on Thursday.
However the UK bank identifies five “sleeping giants” that present significant new opportunities for foreign companies; Ethiopia, the Democratic Republic of Congo, Mozambique, Tanzania . . .
East Africa: Intra-African Trade Rises As Market Access Between Blocs Improves
Posted on :Tuesday , 1st September 2015
Intra-African trade increased by 50 per cent to $61 billion between 2010 and 2013, according to recent data released by the African Development Bank.
The rise is attributed to improved market access and a strong growth in re-exports among African countries.The increase marks a strategic shift in internal trade on the continent, . . .
Africa: Cross border trade coordination enhancing industrilization
Posted on :Tuesday , 1st September 2015
Namibia’s Information and Communication Technology Minister Tjekero Tweya and South Africa’s Communications Minister Faith Muthambi this week formulated a coordination arrangement regarding the countries’ respective digital terrestrial television migration projects. Print Send to Friend The cooperation and coordination arrangement would see a joint task team established . . .
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