South Africa is next stop for train builder
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- Category: Industrial & Machinery
- Published on Tuesday, 01 July 2014 06:51
- Written by Super User
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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.
German’s industrial machine exports to Africa hit 580m euro
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- Category: Industrial & Machinery
- Published on Saturday, 07 June 2014 04:35
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German exported industrial machines worth 580 million euro to Africa in 2013, representing 7.5 per cent of the country’s total export, Mr Richards Clemens, Managing Director, Packaging Machinery Association of Germany told journalists in Lagos on Monday.He said there was an increase in the global demand for German technology, adding that Nigeria was top on the list of countries making such demands.
Read more: German’s industrial machine exports to Africa hit 580m euro
AfDB institutes $100bn for industrial development
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- Category: Industrial & Machinery
- Published on Saturday, 07 June 2014 04:27
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African Development Bank has instituted a 100 billion dollars infrastructure fund to fast track the continent’s industrial development.
 Dr Ousmane Dore, Nigeria Country Director of AfDB, disclosed this to the News Agency of Nigeria on Wednesday in Abuja.
He said that the fund, called “Africa50 Fund”, would be derived from Africa’s resources.
Dore said the idea of the fund was to mobilise domestic savings that already existed in the continent through equity participation from member states and the private sector.
Read more: AfDB institutes $100bn for industrial development
Nigeria To Construct Africa’s First Gas Industrial Park
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- Category: Industrial & Machinery
- Published on Saturday, 07 June 2014 04:20
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In furtherance of its commitment to boosting gas processing in the country, Nigeria is set to construct the first and largest gas industrial park in Africa, Petroleum Resources Minister, Diezani Allison-Madueke Monday disclosed.
According to the minister, the West African country plans to build the first and largest gas industrial park in Africa.
Allison-Madueke made this known in Abuja, the capital of Africa’s largest economy, at the opening of a three-day Gas Resources Conference and Exhibition organized by Nigeria’s Senate Committee on Gas.
Read more: Nigeria To Construct Africa’s First Gas Industrial Park