Kampala, Uganda | THE INDEPENDENT | The annual Uganda International Trade Fair organised by Uganda Manufacturers Association (UMA) is this year celebrating its Silver Jubilee from October 3- 10 at the show grounds in Lugogo. The Fair offers an international marketing platform for multi-sectoral goods and services from within and …
Read More »Mercedes pumps 1 bln euros into US e-car plant
Frankfurt am Main, Germany | AFP | German luxury carmaker Mercedes-Benz said Thursday it would invest $1 billion in an Alabama factory as it prepares for electric vehicle production in the United States. “We are significantly growing our manufacturing footprint here in Alabama… We will be able to quickly ramp up …
Read More »Defence firms eye billion-dollar chance for ‘made in India’
New Delhi, India | AFP | India has drawn up a shopping list for tens of billions of dollars of foreign fighter jets, armoured vehicles, submarines and helicopters but it will only sign the cheques if they are made in India. The world’s largest defence importer has announced a new policy …
Read More »Rwanda budget boosts manufacturers
Rwanda Budget scraps tax on imported textile machinery, tannery equipment Kigali, Rwanda | IVAN NGOBOKA| In a bid to boost domestic manufacturing, the government of Rwanda has scrapped tax on imported textile machinery and tannery equipment. The announcement was made during the presentation of the 2017/18 Budget before Parliament on …
Read More »Made-in-China jet takes maiden flight
China’s homemade passenger jet aces first flight Shanghai, China | AFP | The first large made-in-China passenger plane successfully completed its maiden test flight Friday, marking a key milestone on the country’s ambitious journey to compete with the world’s leading aircraft makers. The narrow-body C919 jet — white with green …
Read More »Made-in-China passenger jet set to take wing today
Shanghai, China | AFP | China will on Friday conduct the maiden test flight of a home-grown passenger jet built to meet soaring domestic travel demand and challenge the dominance of Boeing and Airbus. The C919, built by state-owned aerospace manufacturer Commercial Aircraft Corporation of China (COMAC), was set to take wing …
Read More »Siemens snaps up US software firm for $4.5 billion
Berlin, Germany | AFP | German industrial giant Siemens on Monday said it would buy US software firm Mentor Graphics for $4.5 billion, building out its offer to high-tech manufacturing industries. Oregon-based Mentor employs more than 5,700 people and produces software used to design electronics products, especially integrated circuits. The …
Read More »Food price anxiety
Surge in prices could cause inflation flare up, squeeze Ugandan economy further – experts Uganda’s consumer price inflation fell more than expected in the past three months to September, thanks to a huge drop in non-food prices during the period, but economists say the downward trend is unlikely to be …
Read More »Museveni pledges to cut electricity tariffs by sh200 per unit
Manufacturers in Uganda can look forward to reduced costs of electricity and interest rates as the country helps to boost the sector and create jobs, President Yoweri Museveni has said. He said the aim is for manufacturers to pay sh169.39 ($5cents) per unit up from sh372 ($11cents) for electricity per …
Read More »Ericsson to end manufacturing in Sweden, cut 3,000 jobs
Stockholm, Sweden | AFP | Telecoms equipment maker Ericsson plans to end manufacturing in Sweden with the loss of around 3,000 jobs, Swedish newspaper Svenska Dagbladet reported late Wednesday. The daily said it had obtained “confidential documents” outlining a three billion kronor (313-million-euro, $350-million) cost-cutting programme. According to Svenska Dagbladet, …
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