Tripoli, Libya (PANA) - The Libyan Prime Minister of the Government of National Unity, Abdulhamid al-Dbaiba, has stressed the need for the public and private banking sector to play their role in supporting the industrial sector in all its fields. In a speech at the opening of the International Conference on [...] Full text...

Bamako, Mali (PANA) - Mali's Minister of Industry and Trade, Moussa Alassane Diallo, Saturday laid the foundation stone of a new factory for Ciment de l'Afrique (CIMAF), a Moroccan company, in the rural commune of Natien, 17 km from Sikasso in southern Mali, an official source told PANA. The factory will [...] Full text...

Bujumbura, Burundi (PANA) - The Council of Ministers at is recent meeting discussed the sale of sugar at a loss and the production shortfall at the Moso sugar company (SOSUMO, named after its base in southern Burundi. Production hovers around 20,000 tonnes year on year, far short of local consumption needs [...] Full text...

Cape Town, South Africa (PANA) - Oil giants BP and Shell on Thursday announced that they would halt operations at their major SAPREF refinery in KwaZulu-Natal next month. SAPREF is a joint venture between Shell Refining SA and BP Southern Africa. It processes 24,000 tons of crude oil per day and [...] Full text...

Cape Town, South Africa (PANA) – American vehicle manufacturer Ford on Tuesday confirmed that it will invest US$1.1 billion in South Africa, marking the most significant investment in its 97-year history in the country. This was confirmed by operations director Andrea Cavallaro at the Tshwane Automotive Special Economic Zone following a [...] Full text...

Kigali, Rwanda (PANA) -  Rwanda's value-added industrial output, an important economic indicator, continues to decrease following the COVID-19 pandemic outbreak, official data showed on Thursday Industrial output decreased 2.4 percent year-on-year in August, according to data from the National Institute of Statistics (NISR). On a month-on-month basis, industrial output  went down 4.3 [...] Full text...

Kigali, Rwanda (PANA) -  Rwanda's leading  business activity in the formal sector is manufacturing, employing around 15.9% of all workers, according to the latest Integrated Business Enterprise Survey (IBES) for 2018 obtained on Wednesday by PANA in Kigali. The formal sector in Rwanda is defined as  businesses registered in tax department [...] Full text...