Manufacturing in the mining industry can yield economic growth
South Africa’s National Development Plan emphasises the critical and indispensable role of manufacturing as a key driver of economic growth, and a segment in which this country could achieve greater outcomes is the manufacture of mining equipment. There are caveats, though: better policies must be adopted and manufacturing competences prioritised.
During the Manufacturing Indaba, held in Johannesburg last month, University of Cape Town business-government relations professor David Kaplan highlighted the international competitiveness of South Africa’s mining equipment sector, which boasted high-technology content, high-end manufacturing and high-end services.
AfDB canvasses private funding of Africa’s agro-industrial sector
THE African Development Bank (AfDB) has advocated private investment in Africa’s agro-industrial sector to promote sustainable agricultural development in the region.
AfDB’s Regional Director for West Africa, Mr Janvier Liste, made the call in Abidjan on Wednesday.
Liste said this in his address during the signing of funding agreement between the fund for the Acceleration of Agricultural Development (FADA) and the Ivorian Society of Animal Production (SIPRA).
Towards Dynamic Industrial Policies in West Africa
"The enhanced structural transformation of the African continent requires the adoption of credible industrial policies and the creation of efficient structures to implement them". This was the point made in the speech by the Minister of State, Minister of Planning, Land Improvement and Community Development of Niger, His Excellency Mr. Amadou Boubacar Cissé during the launching on Friday June 20, 2014, in the Conference Room of his Ministry, of the Economic Report on Africa 2014, entitled,"Dynamic Industrial Policy in Africa: innovative institutions, effective processes and flexible mechanisms".
South Africa is next stop for train builder
A Chinese locomotive manufacturer plans to set up a factory in South Africa after landing a series of major train building deals.
She Yongjun, the commercial manager of CSR E-Loco Supply (Pty) Ltd, said the factory should be in place this year or next, and will target state-owned transport companies.
Established in 2012, CSR E-Loco Supply is the South African subsidiary of CSR Zhuzhou Electric Locomotive Co Ltd, part of the giant China South Locomotive and Rolling Stock Corp Ltd, which is considered the world's largest manufacturer of electric locomotives.
