SOUTH AFRICA - Famous Brands has bought 100% of GBK Restaurants in the UK and Ireland for £120m subject to approvals.
NIGERIA - The Manufacturing Purchasing Manager’s Index (PMI) declined to 42.1 index points in August 2016, compared to 44.1 in the preceding month, indicating that the manufacturing sector declined at a faster rate during the review period.
KENYA - Sameer Africa Ltd, the makers of Yana tyres, is shutting down its Nairobi plant and sending home hundreds of workers.
SOUTH AFRICA - Despite the fact that the labour environment has been relatively stable in the last quarter of 2015, it still has the potential to negatively impact the manufacturing sector's attempts to be sustainable, according to Philippa Rodseth, executive director of the Manufacturing Circle.
ZIMBABWE - Zimbabwe's largest cigarette manufacturer British American Tobacco (BAT) grew its net profit by 15 percent to $15,5 million in the full year to December 2015 from $13,4 million registered in the previous corresponding period in 2014.
KENYA - The boom in shopping mall construction and higher incomes have made Kenya’s retail sector the second most formalised in Africa.
KENYA - Atlas Development & Support Services (ADSS) is set to raise $5 million (Sh505 million) by selling new shares to investors.
ETHIOPIA - Habesha Cement declared October 2016 the month for trial production at the Fourth General Assembly on February 6, 2016.
EGYPT - Qalaa Holdings announced that its subsidiary MENA Glass Ltd. has reached its financial close on the sale of the entirety of its stake in Misr Glass Manufacturing Company (MGM) and the entirety of its stake in United Glass Company (UGC) to Middle East Glass Manufacturing Company, at a combined equity value for 100% of both MGM and UGC of EGP 828m.