Tesla Reopens Production Facility in California, Defying Orders
The electric carmaker, Tesla, has reopened its primary car assembly plant in Fremont, California, defying local health authorities and a countywide order that restricts nonessential businesses to minimum basic operations. [...]
Algeria Lifts Ban on Car Imports
Algeria's cabinet lifted the ban on car imports after the ban failed to reduce the import bill. Lifting the ban, endorsed in 2014 under President Abdelaziz Bouteflika, follows a surge [...]Mumias Sugar Ethanol Sale Halted by KRA
The Kenya Revenue Authority (KRA) has stopped Mumias Sugar Company from selling its ethanol after the company failed to pay a KSh100 million bond prerequisite in an ongoing tax dispute. [...]Carmakers Set to Reopen Plants in Europe
Carmakers are slowly preparing to reopen their manufacturing plants in Europe, after temporarily shutting them down in a bid to prevent the spread of coronavirus. Toyota, Renault, Hyundai, Volkswagen, and [...]KAM Launches Local Goods Online Directory
Kenya Association of Manufacturers' (KAM)local goods online directory has gone live, a move that seeks to prevent disruptions in the market during this COVID-19 outbreak. KAM reports that the local [...]BMW Temporarily Closes Plants in Europe and South Africa
German automaker, BMW, has announced plans to close its plants in Europe and South Africa for one month, until 19th April 2020. The move seeks to curb spread of the [...]Portland Cement Reports KSh1.5 Billion HY Loss
East African Portland Cement has posted the unaudited results for the six month period ending December 31, 2019 as follows: • Revenue rose 8.1% y/y to KSh1.4 billion • Cost [...]
EPRA New Tariffs to Favour Manufacturers
The Energy and Petroleum Regulation Authority (EPRA) has introduced new electricity tariffs, that are set to be a huge relief for manufacturers. As Citizen reports, the new tariffs will enable [...]Africa Finance Corporation Increases Investment in Gabon
Africa Finance Corporation (AFC) has increased it stake in Gabon's Special Economic Zone (SEZ) from 21% to 26%, after investing an additional $52.8 million. Since its inception in 2010, Gabon's [...]Poor cash flow, bad weather hit businesses PMI
Overall activity levels contracted solidly at the start of this year, as firms reported that a lack of money at households led to slower demand. Matters were made worse by [...]
Construction Of a Multi-Million Milk Cooling Plant Begins
The construction of the new Kenya Co-operative Creameries (KCC) milk cooling plant in Meru has began, an investment that will cost the government KSh250 million. The plant, which will have [...]Price War Erupts in the Cement Business
A vicious price war has erupted in the cement business as new players challenge control of the market by already established firms. This is happening as each firm in the [...]
