Browsing: Africa Industry and Trade

A worker at the Arcelor Mittal company in South Africa. www.theexchange.africa

In 2004, Mittal Steel was founded following the merger of Ispat International and LNM Holdings, and the simultaneous acquisition of International Steel Group, becoming came the world’s leading steel producer.

Shortly after, in 2006, Mittal Steel launched an ambitious bid to merge with Arcelor, creating ArcelorMittal.

Lakshmi Mittal has done very well, and it leaves little doubt in the mind that he has enjoyed a very gratifying career replete with success in business if his personal bank account is anything to go by together with numerous recognitions of his work in philanthropy and his contribution to the steel industry.…

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NAIROBI, Kenya, Jun 10 – The governments of Kenya and Ethiopia have this week announced the operationalization of the One-Stop Border Post (OSBP) located at the Moyale Border in Kenya’s Marsabit County. 

An OSBP is a trade facilitation tool applied at land borders between two adjoining States.

It refers to the simplified and harmonised legal and institutional framework, facilities, and associated coordinated procedures and processes.

According to officials from both governments, the post is expected to enhance free movement of people and goods between the two countries, a move that will also contribute to boosting trade volumes.

Data from the statistics office indicates that Kenya’s exports to Ethiopia in 2019 were valued at USD 67 million, while Ethiopia’s exports to Kenya were valued at US$ 52.05 million.

Moyale is the only gazetted border crossing point between Ethiopia and Kenya.

Officials from Kenya and Ethiopia also expect the post to reduce …

Tanzania’s President John Magufuli has today launched the SADC industrialization week ahead of the upcoming Summit of SADC Heads of state.

This is the fourth SADC industrialization week and it is running under the theme; A Conducive Environment for Inclusive and Sustainable Industrial Development, Increased Intra-regional Trade and Job Creation.

The event isbeing held from the 5th – 9that the Julius Nyerere International Convention Centre (JNICC) in Dar es salaam. It highlights ongoing regional efforts to realize the SADC Industrialization Strategy and Roadmap 2015-2063.

Speaking at the launch, President Magufuli, who took office in 2015 on the industrialization ticket said Tanzania will continue to push the industrialization agenda as the key to national development especially through agricultural value chains which in turn opens up new employment opportunities for youth in the country.

Known as SADC Industrialization Week (SIW), the event has attracted over 3000 compnaies for the …