Escorts launches Farmtrac Heritage range in S Africa
Tractor manufacturer Escorts Ltd launched its Farmtrac Heritage range at South Africa’s biggest agriculture show, Nampo 2014. The Heritage range is being introduced in South Africa.
These tractors range between 50 HP and 75 HP, and are set to bring about generational change in the tractor markets of South Africa, the company said in a statement.
The ergonomically engineered Farmtrac Heritage series, available both in 2WD as well as 4WD variants, are the most fuel efficient tractors in their class. Escorts Ltd brings with it a mix of Indian engineering excellence and great designs. The new offering is aimed at driving a revolution in the under-served small HP farm market.
The South African tractor industry today stands at 6,000 units a year, which includes tractors up to 450HP.
Ranguma Invites EA Industrial Investors
MEMBERS of East Africa Community and local investors have been encouraged to invest in agriculture in Kisumu county. Governor Jack Ranguma said the available opportunities include seed development, processing and value farming, marketing and packaging of agricultural products.
He was speaking during the closing of Kisumu International Trade Fair at Jomo Kenyatta Sport Ground on Sunday. Ranguma said Kisumu is endowed with enough material and potential for industry development.
He said this is because the agricultural produce provide raw material to industries with a whole load of natural resources and ready market in the region. Ranguma said the county government encourages all kinds of industrial investment.
"It is our desire to create, connect and call you to a higher goal of partnership in order to make Kisumu the desired COMESA city of choice for investment, holiday and trade in 10 years", he said.
Angolan Industrial Sector Can Be Reference in Africa
The regional director of the United Nations Industrial Development Organization (UNIDO), Mohamed Eisa, said on Thursday in Luanda that the industry sector of Angola can be reference in Africa, especially in the Southern region of the continent.
Speaking to the press at the audience granted by the Angolan Industry Minister, UNIDO official underlined the economic growth of the country and considered it fundamental to achieve a merit position within the sector in Africa.
"Angola is recording an important economic growth. The policies are very clear, as well as the business environment. We hope that this also favours more the development of the industrial sector", he said.
Mohamed Eisa said the meeting served to approach the issues related to the industrialization of Angola, since there are goals.
How China-Africa relations are moving to a new level
Recently, many investors have been spooked by China’s decelerating growth. In reality, China is developing new foundations for sustained growth, even amid weak global demand , deleveraging, and struggle against corruption.
China’s great transition does not mean the decline of Chinese-African cooperation, as some critics have argued. Rather, it is pushing both sides to expand, deepen and diversify collaboration.
China’s rebalancing has begun
In 2014, China’s growth target will remain around 7-7.5% to ensure adequate employment, whereas the 3.5% inflation target is paving way to further liberalization of energy and resource prices.
China’s Premier Li Keqiang has re-characterized the current growth target as “flexible,” calling for a “balanced” rather than “prudent” monetary policy. That does not mean a new stimulus package, but new fine-tuning measures and possibly the kind of mini-stimulus measures we have seen in the past.
