Heightened global uncertainty results in uneven FDI landscape for Africa. (Image source: EY/Businesswire)
Egypt, Kenya, Morocco, Nigeria and South Africa collectively attracted 58 per cent of the continent’s total FDI projects in 2016
Swaziland receives more than 90 per cent of its imports from South Africa. (Image source: Michael Denne/Commons)
The latest rankings in the 2017 Index of Economic Freedom by The Heritage Foundation shows people living in countries with low trade barriers are better off
Volvo CE sales are up 30 per cent in Q1 2017. (Image source: Calle Eklund/V-wolf/Commons)
Bolstered by improving market conditions and the positive impact of its transformation program, Volvo Construction Equipment saw sales increase by 30 per cent in the first quarter of 2017
Improving market conditions in all regions except South America helped Volvo Construction Equipment (Volvo CE) report strong growth in sales, profitability, order intake and deliveries in the first quarter of 2017.
“After years of tough market conditions, the Volvo CE business is growing again,” commented Volvo CE’s president Martin Weissburg. “Higher sales volumes linked with increased internal efficiency and a lower cost base helped us deliver good profitability levels during the quarter. Volvo CE is on the right track, the improvement plan is yielding results and there are further opportunities to improve the long-term competitiveness of the company.”
During the first three months of 2017 Volvo CE saw net sales jump by 30 per cent to SEK 16,163 M (SEK 12,452 M in Q1 2016). Operating income was also positively impacted, rising to SEK 1,617 M, up significantly compared to SEK 341 M in the first quarter of 2016. Operating margin also saw good improvement, at 10 per cent, compared to 2.7 per cent in the same period the year before.
In the first quarter of 2017 Volvo CE also enjoyed an increase in order intake, which rose by 34 per cent to 17, 487 machines, with increases in orders coming from all markets, but particularly China and Europe. Deliveries were also up 34 per cent during the period, to 16,369 machines.
Banana and Yam for sale on a market in Côte d’Ivoire. (Image source: Hanay/Commons)
The African Trade Insurance Agency (ATI) announced that Côte d’Ivoire has joined a growing list of African countries who are members of the institution
The Gambia welcomes UNCTADs recommendations to improve the investment climate. (Image source: UNCTAD)
High-level government officials, private sector representatives, and development partners participated in the presentation of UNCTADs Investment Policy Review of the Gambia last week
Genuine Volvo Parts are specifically developed, tested and approved to get the very best results from your Volvo machine. (Image source: Volvo CE)
The Carmix 3.5TT is renowned for its robust performance in concrete mixing. (Image source: Carmix)
The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)
Caterpillar is now focusing on its next 100 years. (Image source: Caterpillar)
Each of the 10 mtu gensets has a rated power of 2,500kW and an operational lifetime of up to 84,000 hours before needing major overhaul. (Image source: Rolls-Royce)
The project is a continuation of the two earlier phases of the Road Infrastructure Modernisation Programme. (Image source: AfDB)
ArcelorMittal indicated a weak domestic market for Long steel products. (Image source: Adobe Stock)
Both projects will deliver essential power, energy, and ancillary services to Eskom through 15-year Power Purchase Agreements. (Image source: AMEA Power)
