President Bola Tinubu, said today: “I wish to assure all potential Saudi investors of the safety of their investments based on the sanctity of the rule of law and good returns on their investments in the largest economy in Africa.” President Tinubu stated this during the Saudi-Africa Summit in Riyadh, Saudi Arabia. In a statement…
DEVKI Group, the producer of National Cement Company Uganda Limited says that it’s investing in a new 1.5 million tonnes per annum and 60 million dollars plant to take it’s national cement’s Uganda capacity to 3.5 million tonnes of cement by 2025. PML Daily reports that the new plant being located in Mbarara District, will…
Nigeria is requesting manufacturers in China to consider moving their factories to produce in the country in order to quicken its industrisation efforts. The former Minister of Industry, Trade and Investment, Mrs. Nike Akande, bore the minds of the government during the China-Africa (Nigeria) Production Capacity Cooperation symposium held at the Lagos International Trade Fair…
A man has been crushed to death by a robot in South Korea after the machine apparently failed to differentiate him from the boxes of produce it was handling. South Korean news agency Yonhap reported on Wednesday that the man, a robotics company worker in his 40s, was inspecting the robot’s sensor operations at a…
Moniepoint Microfinance Bank, and Moniepoint Inc, have won two distinguished awards at the prestigious 2023 Brandcom Awards ceremony held in Lagos. Whike Moniepoint Microfinance Bank wonthe “Award for the Most Outstanding Microfinance Bank in Consumer Engagement,” Moniepoint Inc scooped the “Award for the Most Outstanding Fintech Company in Financial Inclusion.” Commenting on the awards, Didi…
The International Organisation of Vine and Wine (OIV) has reported that the global wine industry’s production and consumption decline by seven percent in 2023. “Once again, extreme climatic conditions – such as early frost, heavy rainfall, and drought have significantly impacted the output of the world vineyard,” said the OIV Head of the Statistical Department…
1. China produced 82.1 Mt in September 2023, down 5.6% on September 2022. 2. India produced 11.6 Mt, up 18.2%. 3. Japan produced 7.0 Mt, down 1.7%. 4. The United States produced 6.7 Mt, up 2.6%. 5. Russia is estimated to have produced 6.2 Mt, up 9.8%. 6. South Korea produced 5.5 Mt, up 18.2%….
The Chartered Institute of Directors Nigeria (CIoD Nigeria) says that Mr. Olusegun Aganga, the Former Minister of Industry, Trade and Investment will give the Keynote address at its forthcoming 2023 Annual Directors Conference . The conference will hold at the Transcorp Hilton Hotel, Abuja, November 16 -17. The theme for this year’s edition is ‘Driving…
The Federal Government’s ‘Tax policy reforms and effects on Nigeria’s businesses,” will be looked into at the forthcoming 2023 Commerce and Industry Correspondents Association (CICAN)’s Workshop and Award ceremony. It will hold onTuesday, November 21, at the Radisson Blu Hotel, Ikeja, Lagos. In a statement issued by the CICAN National Chairman, Charles Okonji, and the event’s…
By Segun Ajayi-Kadir As the world continues to shift, subsequently affecting all aspects of industry as we know it, Africa’s manufacturing sector has proven resilient.The world is changing at an unprecedented rate in terms of innovative technologies, shifting customer expectations, as well as increasing social awareness of gender equality and restoration of previously marginalized communities….
