Nairobi, Kenya | XINHUA | African countries should leverage on robust bilateral ties with China to boost action on COVID-19 pandemic and hasten growth of the continent’s manufacturing sector, experts said on Tuesday. Speaking at a virtual forum in Nairobi, the experts from Africa and China noted that Africa’s COVID-19 battle …
Read More »Mukwano empire founder Amirali Karmali dead
Kampala, Uganda | THE INDEPENDENT | Amirali Karmali, the proprietor of Mukwano Industries Uganda Limited is dead. The entrepreneur died quietly on Wednesday evening in Fort portal, according to reports. Karmali, born in the 1930s is the father to Alykhan Karmali, who is currently running the family business empire that spans …
Read More »Parliamentary Budget Committee Recommends Capitalization of UDB
Kampala, Uganda | THE INDEPENDENT | The Parliamentary Budget Committee has recommended for the allocation of money to capitalise Uganda Development Bank-UDB. UDB is a public enterprise wholly owned by the Government. It is a Development Finance Institution that is focused on accelerating socio-economic development through sustainable financial interventions in …
Read More »COMMENT: Manufacturing in the global south
How declining global labour costs and increasing robotics are conspiring against manufacturing there COMMENT | OTAVIANO CANUTO | In emerging markets, manufacturing has historically been a source of productivity, growth, and jobs. Since the 1950s, industrialisation has kept economies in Latin America, Asia, and Eastern Europe on a steady glide toward …
Read More »Toyota South Africa recalls more than 700,000 cars over airbags
Johannesburg, South Africa | AFP | Toyota South Africa Motors said Thursday it had issued a notice to recall more than 700,000 vehicles over airbag safety concerns, with some affected models dating back over 15 years. The Japanese carmaker said the recall was needed to replace front airbag inflators produced …
Read More »N. Korea’s Kim tours cosmetics plant with wife, sister
Seoul, South Korea | AFP | North Korean leader Kim Jong-Un took his stylish wife and powerful sister to a make-up plant for a “field guidance trip” amid the country’s nuclear standoff with the US. During a visit to the Pyongyang Cosmetics Factory in the capital, Kim hailed its “world-level” products …
Read More »THIS WEEK: UMA trade fair set for October 3-10
Kampala, Uganda | THE INDEPENDENT | The annual Uganda International Trade Fair organised by Uganda Manufacturers Association (UMA) is this year celebrating its Silver Jubilee from October 3- 10 at the show grounds in Lugogo. The Fair offers an international marketing platform for multi-sectoral goods and services from within and …
Read More »Mercedes pumps 1 bln euros into US e-car plant
Frankfurt am Main, Germany | AFP | German luxury carmaker Mercedes-Benz said Thursday it would invest $1 billion in an Alabama factory as it prepares for electric vehicle production in the United States. “We are significantly growing our manufacturing footprint here in Alabama… We will be able to quickly ramp up …
Read More »Defence firms eye billion-dollar chance for ‘made in India’
New Delhi, India | AFP | India has drawn up a shopping list for tens of billions of dollars of foreign fighter jets, armoured vehicles, submarines and helicopters but it will only sign the cheques if they are made in India. The world’s largest defence importer has announced a new policy …
Read More »Rwanda budget boosts manufacturers
Rwanda Budget scraps tax on imported textile machinery, tannery equipment Kigali, Rwanda | IVAN NGOBOKA| In a bid to boost domestic manufacturing, the government of Rwanda has scrapped tax on imported textile machinery and tannery equipment. The announcement was made during the presentation of the 2017/18 Budget before Parliament on …
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