Covid19 South America 

Small States need to access COVID-19 vaccines sooner

Small States need to access COVID-19 vaccines sooner Chairman of CARICOM, Prime Minister of Trinidad and Tobago, Dr. Keith Rowley — CARICOM Chair says suppliers unable to accept orders because of purchases from larger countries HEADS of Government of the Caribbean Community (CARICOM) have called for the establishment of a mechanism which allows for small countries to have sufficient and early access to vaccines for the dreaded novel coronavirus (COVID-19). A return to some semblance of normalcy after a year plagued by the dreaded COVID-19 pandemic, hinges on the ability…

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Egypt sees 2% increase in manufacturing, extractive index during December 2020

The Central Agency for Public Mobilization and Statistics (CAPMAS) has issued the primary data for manufacturing and extractive industries of production index for December 2020. CAPMAS has used the updated index methodology from the base year 2012/2013 at the level of main industrial activity indices, according to the Industrial Activity Manual (ISIC Rev.4), and by using the monthly price index on the basis of 2012/2013. Egypt’s manufacturing and extractive industries index (excluding crude oil and petroleum products) reached 99.15 during December 2020 (primary data). This compared to the 97.23 recorded…

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Ghana: IFC Provides $50 Million Credit to Societe Generale Bank For SME Financing

IFC, a member of the World Bank Group, today announced a loan to Societe Generale Ghana Ltd (SGGH) to support the bank’s reach and provision of services to thousands of Ghanaian small and medium enterprises (SMEs), which in turn support growth and job creation in the country. The $50 million senior loan will support SGGH in expanding its provision of loans of up to five years to Ghanaian private enterprises and SMEs, which comprise more than 90 percent of businesses in Ghana, helping boost their business growth. A 2017 IFC…

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Africa Government Manufacturing 

Manufacturing sector in Nigeria and the reality of a “new normal”

Across the globe, there is a pervading awareness that things will never be the same in the post-pandemic era. Already, some business ventures that were once considered the ‘crème’ of the global economy have taken serious hits in unimaginable measures, and some of the little ones which were regarded as below the rung, are fast rising to match up. With the new social rules in place, some businesses have come to the sad realisation that they may have to remain closed for much longer than they expected. Even for those…

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Africa Manufacturing 

GBfoods Relaunches its Bama Product With State-of-the-art Factory In Nigeria

Bama Mayo, leading mayo brand from the portfolio of GBfoods Nigeria, just recently completed its advanced production factory in Sango, Ogun State. The factory which is the biggest in Sub Saharan Africa, will support the manufacturing of the Initial dish Bama mayo for Nigeria and West Africa. The factory effectively rolled out its first batch of products to the Nigerian market just recently. GBfoods Nigeria is a subsidiary of GBfoods Africa, a partnership between GBfoods and Helios Investment Partners. This financial investment is an added guarantee of GBfoods’ dedication to…

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