African Business News

BMW Invests More In Its Rosslyn plant In South Africa

An additional R160 million to be pumped into the Rosslyn manufacturing facility to enhance production line speed. The enhancement raises the maximum production capacity by almost 10%, from 71 000 units to 76 000 units,

leaving the plant with excellent potential in the future to produce the highest volume ever in its 44 year history.

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Gulf trade with Africa a growing source of optimism

Trade and investment between Arabian Gulf countries and Africa could historically be summed up in one line: oil going one way, a few agricultural products going the other.

This is now changing as an increased diversity of capital is on the move in both directions.

UN figures show that total merchandise trade between Africa and UAE alone increased from US$5.6 billion in 2005 to $17.5bn in 2014, the latest year available.

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South African citrus industry achieves record exports

In what has been described as a successful campaign on the whole that saw good returns for most categories, Southern African citrus exports have now surpassed the 2015 figure to hit a record this season. 

The total packed volume at the end of week 38 stood just shy of 120 million 15-kilo cartons (1.8 million metric tons),

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How biotechnology can optimize agriculture in Nigeria

“With the down turn in the global prices of oil, we now have to prospect our solid minerals. We have to return to agriculture,” President Buhari to members of the Council of Saudi Arabian Chambers of Commerce and Industry.

According to the United Nations projections, the world population will be 9.8 billion people by 2050 and Nigeria which currently ranks seventh, will become the third most populous, replacing United States. It is currently about 200 million people.

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