Cape Town, South Africa (PANA) – American vehicle manufacturer Ford on Tuesday confirmed that it will invest US$1.1 billion in South Africa, marking the most significant investment in its 97-year history in the country. This was confirmed by operations director Andrea Cavallaro at the Tshwane Automotive Special Economic Zone following a [...] Full text...

Kigali, Rwanda (PANA) -  Rwanda's value-added industrial output, an important economic indicator, continues to decrease following the COVID-19 pandemic outbreak, official data showed on Thursday Industrial output decreased 2.4 percent year-on-year in August, according to data from the National Institute of Statistics (NISR). On a month-on-month basis, industrial output  went down 4.3 [...] Full text...

Kigali, Rwanda (PANA) -  Rwanda's leading  business activity in the formal sector is manufacturing, employing around 15.9% of all workers, according to the latest Integrated Business Enterprise Survey (IBES) for 2018 obtained on Wednesday by PANA in Kigali. The formal sector in Rwanda is defined as  businesses registered in tax department [...] Full text...