Zimbabwe’s Steel Industry Revitalized with New $1.5 Billion Plant

Zimbabwe’s got itself a brand new iron and steel manufacturing plant, courtesy of the Chinese. Metal Miner reports that this U.S. $1.5 billion Chinese-built plant’s blast furnace recently came online and is already producing pig iron, a crucial ingredient for making steel. The team over at Dinson Iron and Steel Company (Disco), the Zimbabwean subsidiary of Chinese…

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GEF Council approves $700M+ for vast environmental needs

◇ GEF Council The Global Environment Facility’s governing body has approved more than $700 million for nature protection and renewal projects, including support for the Great Green Wall and investment in large-scale initiatives for sustainable cities, cleaner industries, improved ocean and land health, and greater climate change resilience.  The funding from the GEF Trust Fund, Least…

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Our target is to make Nigeria Africa’s steel hub- Raj Gupta

The Chairman African Industries Group, Raj Gupta, speaks to Thisday Newspaper about its operations in Nigeria, the industry’s challenges, opportunities and outlook. As a stakeholder in the manufacturing sector, how is the sector faring amid the current economic challenges? Let me start by stating explicitly that there is no economy without challenges but government policies by various governments…

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Nigeria fourth Contributor to intra-Africa trade – Report

The Afreximbank’s Africa Trade Report 2024, titled ‘Climate Implications of the AfCFTA Implementation,’ ranked Nigeria as the top fourth contributor to intra-Africa trade, following South Africa, Cote d’Ivoire and Egypt for 2023. In the report, Nigeria’s intra-Africa trade decreased in 2023 by 2.1 percent to $8 billion from $8.2 billion in the previous year. “This…

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Manufacturing top major drivers of N41trn Lagos economy

▪︎ Lagos Governor, Babajide Sanwo-Olu The manufacturing and transportation sectors topped the major drivers of Lagos State’s economy which has grown from N27 trillion to N41 trillion in recent years. This is disclosed by the State’s Commissioner for Commerce, Cooperatives, Trade and Industry, Mrs Folasade Ambrose-Medebem. Ambrose-Medebem made the remarks on Tuesday, at the 9th…

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