Market News

P&G to invest US$170 million in Africa
P&G to invest US$170 million in Africa
19 November 2014

 The plant, which is expected to create more than 500 jobs, will manufacture products like detergents and hygiene goods for local and export markets. Construction of the new plant will start in 2014, while production will commence in 2016 or early 2017. According to Procter & Gamble global bus . . .

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Indorama to build fertiliser plant in Africa
Indorama to build fertiliser plant in Africa
19 November 2014

 Indorama management declared that all plans have been concluded towards the setting up of the plant, which will be Africa’s largest fertiliser unit. According to managing director Manish Mundra, the project was part of the company’s effort towards making Nigeria the largest petroc . . .

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Elevator Manufacturer Kone acquires Marryat dealers in East Africa
Elevator Manufacturer Kone acquires Marryat dealers in East Africa
18 November 2014

Elevator manufacturer Kone has acquired Marryat & Scott (Kenya) and Marryats East Africa, in a deal that would see the company grow its grip in Kenya, Tanzania, Rwanda and Uganda. Kone’s executive vice-president for West and South Europe and Africa, Pierre Liautaud, has said that there are n . . .

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Afrox opens air separation unit in Africa
Afrox opens air separation unit in Africa
18 November 2014

 The investment is part of a three-year programme by Afrox and its parent company Linde Group and directed at boosting customer service levels and supporting the company’s growth strategy in South Africa. Afrox said that the new plant was built to meet global standards. Afrox managing di . . .

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Main One expands into manufacturing sector in Africa
Main One expands into manufacturing sector in Africa
18 November 2014

 The company said its expansion into the manufacturing industry was driven by the sector’s growing demand for reliable connectivity solutions, increased need for virtual private networks between company branches, as well as increased security challenges faced by conglomerates. Main One s . . .

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