For growth to count, Africa must industrialise
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- Category: Industrial & Machinery
- Published on Wednesday, 14 May 2014 09:00
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By Carlos Lopes of the United Nations Economic Commission for Africa
In an era of high volatility and deep crisis, Africa has been an economic success story. A combination of high commodity prices, increased domestic demand, improved economic governance and management and stronger trade and investment ties with other developing economies has helped African countries record on average an impressive 5 per cent annual GDP growth over the past ten years. It is a performance which more developed and wealthier regions simply cannot match.
But while this record should be reason for celebration and confidence, progress on social development has been far slower. Africa’s growth, contrary to the headline figures, has not been sufficiently inclusive or provided the new jobs the continent and its people desperately need.
Escorts launches Farmtrac Heritage range in S Africa
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- Published on Wednesday, 14 May 2014 08:46
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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.
Read more: Escorts launches Farmtrac Heritage range in S Africa
Angolan Industrial Sector Can Be Reference in Africa
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- Published on Tuesday, 13 May 2014 11:48
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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.
Read more: Angolan Industrial Sector Can Be Reference in Africa
Ranguma Invites EA Industrial Investors
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- Published on Tuesday, 13 May 2014 11:40
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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.