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<p>From innovative SMEs to global corporations, Dubai is ideally located to be the centre for global trade. Dubai Chambers President and CEO, Mohammed Ali Rashed Lootah highlights the government&#8217;s D33 Agenda and where Africa lies.</p>


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Eye on Dubai EP8: Africa’s position in Dubai’s D33 expansion plan

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<p>His Highness Sheikh Mohammed Bin Rashid Al Maktoum highlighted the importance of implemented plans and policies aimed at facilitating sustainable food production through the utilisation of technology and innovative approaches. Look into Dubai&#8217;s food sector and how companies are implementing greener supply chains.</p>


Eye on Dubai EP7: Innovative green food solutions founded in Dubai

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<p>The United Arab Emirates has been the fourth-largest investor in Africa over the past 10 years. Investment from the UAE to Africa hit nearly $60 billion over the decade. Explore the growing intrigue around African investment firms and how Dubai is the ideal headquarters to set base.</p>


Eye on Dubai EP6: The rise of African investments

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<p>Women-focused initiatives in Africa is seeing a growing demand especially with the post-recovery period of the pandemic. This conversation looks at the creation and management of a women driven Dubai social enterprise, and how they are enabling skills development as well as full-time job opportunities for women in developing countries.</p>


Eye on Dubai EP5: Evolvin’ Women on uplifting women in rural & developing areas

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<p>The United Arab Emirates is the second-largest market for iron and steel in the Gulf Cooperation Council region, accounting for approximately 25 per cent of the total market. Their iron and steel market is expected to grow at a compound and annual growth rate of 5.7 per cent during the forecast period of 2021-2026. On this episode of Eye on Dubai, CNBC Africa’s Zanele Morrison speaks with Bharat Bhatia, Founder and CEO of Conares, on how Conares has solidified itself as a main contender in this rising market.</p>


Eye on Dubai EP4: UAE Iron and Steel Industry

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<p>Dubai saw 12.40 million international visitors in 2023 alone. In 2022, the contribution of the travel and tourism sector to the UAE&#8217;s GDP was nearly AED167 billion which is equivalent to 9 per cent of the total GDP. Explore Dubai&#8217;s tourism economy and why this Emirate continues to grow in yearly visitors.</p>


Eye on Dubai EP3: Opportunities and trends for African tourism in Dubai

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<p>One of the largest revenue-generating food sectors in the UAE is the dairy sector, and they are now concerned about introducing quality, local products to the Gulf market. To achieve this, government is expanding production capacities to reduce its import dependency of dairy products. Sankha Biswas, CEO of Nutridor, talks to Zanele Morrison on what Nutridor is doing to contribute to the localization of this sector.</p>


Eye on Dubai EP2: Dubai’s Local Manufacturing Mission


<p><em>Despite a string of supply-side shocks to the manufacturing sector, Justin Schmidt, Head of Manufacturing Sector at Absa Retail and Business Bank, found a positive mood and encouraging interactions at the 2022 Manufacturing Indaba.</em></p>



<p>The mood from delegates and exhibitors at the 2022 Manufacturing Indaba was more positive than what the data is indicating. “Overall, the conference had surprisingly strong attendance, with some great engagements across the manufacturing sub-sectors,” says Schmidt.</p>



<p>According to Absa’s Q2 Manufacturing Survey – published just a day before the Manufacturing Indaba opened at the Sandton Convention Centre – confidence levels in the sector dropped by 14 points from the first quarter of the year to 29 in the second, following a string of bad-news events.</p>



<p>“After surviving the past two years, manufacturers continued their recovery despite the headwinds,” says Schmidt. “However, the additional shocks caused by the floods in KwaZulu-Natal (Africa’s second-biggest manufacturing hub), the increased intensity of load shedding and the knock-on effects of the Russia-Ukraine war have weighed heavily on manufacturers. Unsurprisingly, that resulted in this knock to confidence.”&nbsp;</p>



<h2 class="wp-block-heading" id="h-spillover-effects"><strong>Spillover effects</strong></h2>



<p>The quarterly survey covers approximately 700 businesspeople in the manufacturing sector and was conducted by Stellenbosch University’s Bureau for Economic Research in May. The confidence index ranges between zero and 100, with zero reflecting an extreme lack of confidence and 100 extreme confidence, where all participants are satisfied with current business conditions.&nbsp;</p>



<p>The manufacturing sector’s seasonally adjusted output for April 2022, as published by Statistics South Africa, also fell by 5.4% month-on-month. At the same time, Absa’s survey indicated a drop in both domestic and export sales, with manufacturers noting insufficient demand as a more serious constraint to current activities than at the start of the year.&nbsp;</p>



<p>“As consumers feel the pinch of rising food and fuel prices, along with increasing interest rates, the manufacturing sector may experience the spillover effect of reduced disposable income resulting in lower demand,” Schmidt notes.</p>



<p>Load shedding has also taken its toll. For manufacturers, Stage 2 load shedding – while difficult – is manageable because it allows for planning and scheduling, and it tends to happen at night. However, when South Africa moves into Stage 4 (as it did in Q2) or higher, it is a lot more difficult and costly for manufacturers to operate.</p>



<p>“Power is both the biggest enabler of, and the biggest constraint on, South Africa’s manufacturing growth going forward,” says Schmidt. “We must solve the power crisis – and while we are seeing some positive moves there, it needs to happen much quicker.”</p>



<h2 class="wp-block-heading"><strong>Reigniting economic growth through manufacturing</strong></h2>



<p>Manufacturers are fully aware of the constraints on and hindrances to production with shortages of raw material ranked as their second largest constraint to activity. “There remain overarching concerns around supply chain uncertainty and rising prices,” says Schmidt.</p>



<p>The Manufacturing Indaba included breakaway sessions focused on precisely those issues: energy, transport and logistics, localisation – and, of course, value chain integration in the age of the African Continental Free Trade Area. It’s a busy sector, and one that – as the event’s theme underlined – has the potential to “reignite economic growth”.</p>



<p>With that big picture in mind, Schmidt says the short-term sentiment for South Africa’s manufacturing sector remains generally positive. “Looking further ahead, we need to see structural reforms taking place to see long-term growth and recovery,” he says. “But overall, it’s a positive sector. Manufacturing has survived the shocks of the past two years, and the sector was showing an unexpectedly strong recovery into Q1 2022. It’s reasonable to expect that it will survive those Q2 shocks and bounce back in time.”</p>



<p></p>



<p>Justin Schmidt<br>Head of Manufacturing Sector at Absa Retail and Business Bank</p>



<p><em>“Power is both the biggest enabler of, and the biggest constraint on, South Africa’s manufacturing growth.” – Justin Schmidt | Head of Manufacturing Sector at Absa Retail and Business Bank</em></p>



<p></p>


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Mixed mood sets the tone at Manufacturing Indaba

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<p>Manufacturing value chains are highly vulnerable to global supply-chain disruptions and external shocks. In the wake of the pandemic, Kenyan manufacturers are facing liquidity challenges, reduced demand, depressed production capacity, cash flow constraints, logistics challenges to name just a few. Mucai Kunyiha, Chairman of Kenya Association of Manufacturers joins  CNBC Africa for more.</p>


Kenyan manufacturers in uproar over new taxes

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<p>In Kenya, the manufacturing sector has seen an increase in sea freight costs due to a shortage of containers in the global market, due to increased imports by US shippers from East Asia since the second half of 2020. Exporters fear that buyers may slowdown purchases in the near-term. Nick Kwolek, Founder of Kwolco joins CNBC Africa for more.</p>


Kwolco: Roaring commodity demand pushing shipping rates higher

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<p>The pandemic had a huge toll on industry, with estimates showing that the sector in Rwanda contracted at the rate of 19 per cent in the first half of the year in 2020. Alphonse Kwizera, Executive Secretary, Rwanda Association of Manufacturers joins CNBC Africa for more.</p>


Here’s how Rwanda’s manufacturing sector is managing the COVID-19 crisis

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<p>Nigeria’s manufacturing sector contracted by 2.75 per cent in 2020 according to the National Bureau of Statistics. In its fourth quarter CEO’s Confidence Index report, the Manufacturers Association of Nigeria stressed difficulty in accessing forex, gridlock at the ports as well as the COVID-19 pandemic as some of the factors impacting manufacturers. Mansur Ahmed, President of the Manufacturers Association of Nigeria joins CNBC Africa for more.</p>


COVID-19: How to drive growth in Nigeria’s manufacturing sector

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<p>Manufacturing is a key sector in Kenya&#8217;s economic development, in both its contribution to national output, exports and job creation. Under the Big Four Agenda, the government&#8217;s goal is to increase the manufacturing sector&#8217;s contribution to the GDP to 15 per cent by 2022. Job Wanjohi, Head of Policy at Kenya Association of Manufacturers joins CNBC Africa for more.</p>


How Kenya’s manufacturing sector plans to rebound from COVID-19 crisis

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<p>As mentioned earlier, South Africa’s manufacturing output slid by 3.5 per cent year on year in November 2020. On a seasonally adjusted basis, production declined by 1.3 per cent, compared with October. Joining CNBC Africa to discuss the headwinds and opportunities in the sector is Miyelani Maluleke, Economist at ABSA Corporate &#038; Investment Banking.</p>


How will a second wave affect manufacturing recovery in SA?

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<p>Rwanda aims to grow exports by 17 per cent annually in 2024 and has put in place Made in Rwanda and other initiatives to promote local manufacturing. To understand investment opportunities and incentives in the sector, CNBC Africa spoke to Louise Kanyonga, Chief Strategy and Compliance Officer at Rwanda Development Board.</p>


RDB’s Louise Kanyonga shares plans to grow Rwanda’s manufacturing sector

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<p>Nigeria’s manufacturing sector contracted by 1.51 per cent in the third quarter of the year; an improvement from the 8.78 per cent contraction recorded in the second quarter of the year.  Ambrose Oruche, Acting Director General of the Manufacturers Association of Nigeria joins CNBC Africa for more.</p>


Nigeria’s manufacturing GDP shows signs of recovery in third quarter

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<p>Nigeria’s manufacturing PMI contracted for the fifth consecutive month in September according to data by the Central Bank of Nigeria. Meanwhile, President Muhammadu Buhari is expected to present the 2021 budget to the National Assembly this week. Emmanuel Odiaka, the Managing Director and CEO of ECOB Capital joins CNBC Africa’s Wole Famurewa for this discussion.</p>


manufacturing sector

Eye on Dubai EP8: Africa’s position in Dubai’s D33 expansion plan

Eye on Dubai EP7: Innovative green food solutions founded in Dubai

Eye on Dubai EP6: The rise of African investments

Eye on Dubai EP5: Evolvin’ Women on uplifting women in rural & developing areas

Eye on Dubai EP4: UAE Iron and Steel Industry

Eye on Dubai EP3: Opportunities and trends for African tourism in Dubai

Eye on Dubai EP2: Dubai’s Local Manufacturing Mission

Mixed mood sets the tone at Manufacturing Indaba

Kenyan manufacturers in uproar over new taxes

Kwolco: Roaring commodity demand pushing shipping rates higher

Here’s how Rwanda’s manufacturing sector is managing the COVID-19 crisis

COVID-19: How to drive growth in Nigeria’s manufacturing sector

How Kenya’s manufacturing sector plans to rebound from COVID-19 crisis

How will a second wave affect manufacturing recovery in SA?

RDB’s Louise Kanyonga shares plans to grow Rwanda’s manufacturing sector

Nigeria’s manufacturing GDP shows signs of recovery in third quarter

Nigeria’s manufacturing sector contracts for 5th time this year

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Advertise With Us

manufacturing sector

Eye on Dubai EP8: Africa’s position in Dubai’s D33 expansion plan

Eye on Dubai EP7: Innovative green food solutions founded in Dubai

Eye on Dubai EP6: The rise of African investments

Eye on Dubai EP5: Evolvin’ Women on uplifting women in rural & developing areas

Eye on Dubai EP4: UAE Iron and Steel Industry

Eye on Dubai EP3: Opportunities and trends for African tourism in Dubai

Eye on Dubai EP2: Dubai’s Local Manufacturing Mission

Mixed mood sets the tone at Manufacturing Indaba

Kenyan manufacturers in uproar over new taxes

Kwolco: Roaring commodity demand pushing shipping rates higher

Here’s how Rwanda’s manufacturing sector is managing the COVID-19 crisis

COVID-19: How to drive growth in Nigeria’s manufacturing sector

How Kenya’s manufacturing sector plans to rebound from COVID-19 crisis

How will a second wave affect manufacturing recovery in SA?

RDB’s Louise Kanyonga shares plans to grow Rwanda’s manufacturing sector

Nigeria’s manufacturing GDP shows signs of recovery in third quarter

Nigeria’s manufacturing sector contracts for 5th time this year

News Tips

Advertise With Us

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