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<p>As Africa moves to deepen trade on the continent and its global partners, a complementary industry to drive this vision is the global shipping space. Captain Rahul Khanna says the shipping sector has shown great resilience through the pandemic as evidenced by the strong trade volumes. He is the Global Head of Marine Risk Consulting at Allianz Global Corporate and Specialty joins CNBC Africa to discuss the trends in that space.</p>


AGCS: Global ship losses decline 50% over 10 years


<p>By Chris Bishop</p>



<p>This week, on May 5 at 1400 CAT to be precise, CNBC Africa will be stepping into a new era by hosting its first ever virtual panel discussion that will not only be beamed live to 16 million households across Africa, but also will be on zoom.</p>



<p>It will be called Business Tomorrow and will focus on the revival of business in Africa whenever the COVID-19 pandemic lifts and allows commerce to breathe. Predictions are grim – more than a million jobs are expected to be lost and tens of thousands of companies are likely to go to the wall.</p>



<p>So, when we discussed in the newsroom this week the first topic for the first discussion it a no brainer – small business. These foot soldiers of the economy are likely to bear the brunt of the hard times – many were struggling long before the pandemic and the downgrade to junk status by the rating agencies.</p>



<p>Into this discussion will be throwing one word that is my pet topic – industrialization. I think this is a good way to create wealth on the way out of a desperate spot by making goods and parts and pieces that the world needs and can be exported to earn hard currency.</p>



<p>Now politicians throw the word industrialization around all the time, after all, it sounds good in speeches – I often wonder whether policy is as good.</p>



<p>A new generation of industrialists is scarce, but more scarce is the investment and backing from the banks to make it happen and maybe also the will among entrepreneurs to get their hands dirty.</p>



<p>I have been interviewing and studying entrepreneurs in Africa for more than a quarter of a century and I have often wondered whether is the lack of will on the side of many entrepreneurs to get down into the grimy world of industry. After all, it is not as sexy as IT, or the digital world, and it is less likely to get you into the glossy magazines on TV chat shows.</p>



<p>But it is rewarding and long term and people will always need fashioned metal until the day you can email a machine to a factory or 3D print it.</p>



<p>A distant part of my family is a testament to this and has been fashioning metal profitably for the nearly 200 years.</p>



<p>My great-great-great grandfather Stephen Grainger started out, with virtually nothing, in his poor back yard in a place called Dudley in the Black Country in the English midlands – so called because, even when I was a child, most of the buildings were blackened with industrial smoke. It was a hive of steam, tapping and welding and out of the Black Country came the world’s machines, tools, grinders, smelters, guns, cars and motorcycles</p>



<p>Stephen Grainger had little education, but a burning desire to make it as an industrialist and started out by dragooning his family into swinging hammers all day to make nails in the back yard. The family worked hard to build the wealth down the generations. My great-grandfather William worked as a striker – the skilled man who swings the sledgehammer for the blacksmith – in the Grainger factory.</p>



<p>All along the profits were invested to build small factories – one of which is working away as I write this in the Black Country nearly 200 years after the family made its first nail.</p>



<p>I went to see the family factory about 25 years ago and my relatives showed me proudly the many boxes full of little metal clips for shop shelves everywhere from Hong Kong to Sydney. It lacks glory, maybe, the family is never likely to make the cover of a glossy magazine, but they’re always likely to make money. The industrial enterprise has fed thousands of people in the last two centuries. Maybe many entrepreneurs and families in Africa can turn the same humble beginnings into a solid industrial base that is probably needed more now than ever.</p>


Chris-Bishop1-e1386950379894[1]

Opinion : Could Industrialists lead the way up and out of COVID-19?

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<p>On the sidelines of the maiden edition of Nigeria’s Digital Economy Summit, Niyi Adebayo, Nigeria’s Minister of Industry, Trade and Investment spoke to CNBC Africa’s Christy Cole on plans in place to leverage the country’s digital economy in to facilitate trade.</p>


Lessons on leveraging Nigeria’s digital economy for trade

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<p>On the sidelines of President Muhammadu Buhari’s visit to South Africa – to discuss proposed solutions to issues impacting trade relations between Nigeria and South Africa, CNBC Africa’s Karabo caught up with Nigeria’s Minister of State, Industry, Trade and Investment, Mariam Katagum for more.</p>


Minister Katagum on mutual beneficence of Nigeria-South Africa trade relations

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<p>Earlier this week, National Institute of Statistics of Rwanda shared that Rwanda’s economic growth grew by 12.2 per cent from April to June this year, compared to 6.7 per cent in the same period last year. Also the Ministry of Trade and Industry shared the government’s plans to upgrade and construct new strategic petroleum reserves in a bid to improve the country’s fuel security. Joining us to digest this and more, Collins Mwai, Journalist of The New Times Rwanda joins CNBC Africa for more.</p>


How Rwanda’s growth is driven by industry, service and agriculture

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<p>Jumoke Oduwole, Secretary of the Presidential Enabling Business Environment Council and Senior Special Assistant to the Vice President on Industry, Trade, and Investment says Nigeria&#8217;s government is ready to support businesses to deliver on the potential the African Continental Free Trade Agreement (AfCFTA) brings. She links up with CNBC Africa Esther Awoniyi for more.</p>


Jumoke Oduwole: Where Nigeria sees opportunities in the Africa free trade area

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<p>Following the launch of a new reform cycle by Nigeria&#8217;s Vice President Yemi Osinbajo, Nigeria&#8217;s Enabling Business Environment Secretariat held a stakeholder meeting with Ministries, Departments and Agencies and the private sector in Lagos to discuss new business reforms. CNBC&#8217;s Africa Christy Cole caught up with Nigeria&#8217;s Minister of Industry, Trade and Investment, Okechukwu Enelamah, who says despite Nigeria&#8217;s drop in World Bank&#8217;s Doing Business Ranking, the country&#8217;s objective to advance into the top 100 by the year 2020, remains on track.</p>


Nigeria engages stakeholders on doing business reforms

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<p>Nigeria&#8217;s Minster of Industry, Trade and Investment Okechukwu Enelamah says the country is working with its European clients to address issues causing rejection of agricultural exports. CNBC Africa had this chat on side-lines of the First Bank Agric Expo, held in Lagos.</p>


Nigeria moves to tackle export rejection

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<p>Nigeria&#8217;s Minister of Industry, Trade and Investment, Okechukwu Enelamah says the biggest challenge for taxation is the large informal economy. CNBC Africa’s Christycole Popoola caught up with him on the side-lines of the launch of Andersen Tax.</p>


Why taxing the informal economy might be a huge challenge – Enelamah

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<p>A new report from the Lagos Chamber of Commerce and Industry says there was a 12 per cent rise in spending by Nigeria&#8217;s banking and oil and gas sectors to provide alternative security over the last two years.</p>


Growing insecurity in Nigeria becoming worrisome – LCCI

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<p>The Lagos Chamber of Commerce and Industry and the Japan External Trade Organisation, a Japanese government-related organization signed a Memorandum of Understanding to promote trade.</p>


LCCI, Japan External Trade Organisation sign MoU to promote trade

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<p>Bolaji Osunsanya, CEO of Axxela, joins CNBC Africa to discuss Nigeria&#8217;s gas potential.</p>


Harnessing Nigeria’s gas potential

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<p>Nigeria&#8217;s Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, says the country&#8217;s National Action Plan will save Small and Medium Enterprises about N2.6 billion in registration cost annually.</p>


Easing business registration in Nigeria

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<p>Nigerian government through the Presidential Enabling Business Environment Council, PEBEC, is on a mission to reform Nigeria&#8217;s business environment, making it attractive to local and foreign investors.</p>


PEBEC to reform Nigeria’s business environment

<p><span class="articleLocation">Tanisha Heiberg | JOHANNESBURG</span></p>
<p>Delayed revisions to South Africa&#8217;s Mining Charter, which sets industry targets for black ownership and participation in the sector, will face legal challenges if it is unacceptable to producers, the CEO of the Chamber of Mines said on Wednesday.<span id="midArticle_byline"></span></p>
<p>&#8220;If the outcome is an outcome which is unacceptable to the industry then clearly we will consider our legal options,&#8221; Roger Baxter told an industry conference in Johannesburg.</p>
<p>(Reporting by Tanisha Heiberg; Writing by Ed Stoddard)</p>
<p>&nbsp;</p>


S.Africa mining industry to consider legal options if charter revisions onerous

<p>Botswana will cut corporate tax by up to 77 percent for investors in a mining town southeast of the capital, the trade and industry minister said on Tuesday, part of a package to attract them to a region hit by the collapse of BCL Mine.<span id="midArticle_byline"></span></p>
<p>BCL Mine was put under provisional liquidation in October last year resulting in close to 8,000 jobs being lost in the Selebi-Phikwe region of 50,000 people.</p>
<p>Minister of Investment, Trade and Industry Vincent Seretse said the measures include fiscal incentives, government off-take, provision of land and a one-stop service centre.</p>
<p>The fiscal incentives include five percent corporate tax for the first five years, 10 percent corporate tax thereafter and zero customs duty on imported raw materials.</p>
<p>Corporate tax in Botswana stands at 22 percent while companies in manufacturing and financial services and those registered in the Innovation Hub pay 15 percent corporate tax.</p>
<p>(Writing by Tiisetso Motsoeneng, editing by David Evans)</p>


Botswana seeks to attract investors to mining town with tax cut

<p>South Africa&#8217;s biggest union of mineworkers plans to launch a strike in coal mines in the &#8220;coming weeks&#8221; over the structure of industry wage talks, its spokesman, Livhuwani Mammburu, said on Wednesday.</p>
<p>The National Union of Mineworkers is opposed to the coal companies&#8217; intention to negotiate wages on an individual basis, rather than collectively under the Chamber of Mines, an employer industry body.﻿</p>
<p> </p>


industry

AGCS: Global ship losses decline 50% over 10 years

Opinion : Could Industrialists lead the way up and out of COVID-19?

Lessons on leveraging Nigeria’s digital economy for trade

Minister Katagum on mutual beneficence of Nigeria-South Africa trade relations

How Rwanda’s growth is driven by industry, service and agriculture

Jumoke Oduwole: Where Nigeria sees opportunities in the Africa free trade area

Nigeria engages stakeholders on doing business reforms

Nigeria moves to tackle export rejection

Why taxing the informal economy might be a huge challenge – Enelamah

Growing insecurity in Nigeria becoming worrisome – LCCI

LCCI, Japan External Trade Organisation sign MoU to promote trade

Harnessing Nigeria’s gas potential

Easing business registration in Nigeria

PEBEC to reform Nigeria’s business environment

S.Africa mining industry to consider legal options if charter revisions onerous

Botswana seeks to attract investors to mining town with tax cut

S.African mineworkers' union vows coalmine strike in coming weeks

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industry

AGCS: Global ship losses decline 50% over 10 years

Opinion : Could Industrialists lead the way up and out of COVID-19?

Lessons on leveraging Nigeria’s digital economy for trade

Minister Katagum on mutual beneficence of Nigeria-South Africa trade relations

How Rwanda’s growth is driven by industry, service and agriculture

Jumoke Oduwole: Where Nigeria sees opportunities in the Africa free trade area

Nigeria engages stakeholders on doing business reforms

Nigeria moves to tackle export rejection

Why taxing the informal economy might be a huge challenge – Enelamah

Growing insecurity in Nigeria becoming worrisome – LCCI

LCCI, Japan External Trade Organisation sign MoU to promote trade

Harnessing Nigeria’s gas potential

Easing business registration in Nigeria

PEBEC to reform Nigeria’s business environment

S.Africa mining industry to consider legal options if charter revisions onerous

Botswana seeks to attract investors to mining town with tax cut

S.African mineworkers' union vows coalmine strike in coming weeks

News Tips

Advertise With Us

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