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By Wildu du Plessis, Head of Africa, Baker McKenzie The industrials, manufacturing and transport (IMT) sector is being hit hard by COVID-19 disruption, but commitment to sustainability could very well lead the sector to recovery. This is according to Baker McKenzie’s report “Sustainable Success: Exploring environmental, social and governance priorities for industrials through COVID-19 and beyond” which … [Read more…]
Launching sales in Mozambique is the latest step in Fenix’s expansion Fenix International (https://www.FenixIntl.com/), a next-generation energy company and subsidiary of ENGIE (https://www.ENGIE.com), opens its sixth market in Mozambique, where it expects to reach 200,000 households with clean energy and inclusive financial services within 3 years. Launching sales in Mozambique is the latest step in … [Read more…]
June 2, 2020 by AfricaBusiness.com Sector must overcome capacity shortages to get supplies to patients worldwide Stakeholders in the pharmaceutical supply chain are grappling with a growing gap between air cargo capacity and demand for lifesaving medical products, as flights are grounded and borders closed. Many African countries now report medicine shortages and challenges in securing costly imported pharmaceutical ingredients … [Read more…]
Addis Ababa registered an absolute average daily rate (ADR) of US$163.79 when measured in constant currency, which removes the effects of inflation Addis Ababa, Ethiopia, posted Africa’s highest average daily rate (ADR), according to the most recent 12-month data from STR (https://STR.com/). The market will play host to the Africa Hotel Investment Forum (AHIF) (https://www.AHIF.com/) … [Read more…]
By Virusha Subban, Partner Specialising in Customs and Trade, Baker McKenzie Johannesburg President Cyril Ramaphosa outlined the country’s Economic Recovery Plan on Thursday 15 October 202o, during which he explained that South Africa imported goods (excluding oil) are worth around ZAR1.1 trillion annually, and that if just 10% of these were manufactured locally, the country would add 2% to its Gross Domestic … [Read more…]