A report by the United Nations Conference on Trade and Development (UNCTAD), titled ‘The Economic Development in Africa Report 2023,’ shows that Africa has an abundance of metals needed for electric vehicles and for clean energy.” Africa possesses vast reserves of critical minerals, including aluminum, cobalt, and copper, required for high-tech and green products like…
Jindal Steel and Power Limited, one of India’s foremost private steel producers, has made an investment commitment to invest $3 billion in iron – ore processing and steel development in Nigeria. India Steel firms already on the ground in Nigeria, includes African Steel Mills with operations in Lagos and Abuja; Quantum Steel Nigeria Limited; Saba…
▪︎Innocent Chukwuma, Chairman of Innoson Vehicles Manufacturing Limited, Nigeria (BusinessDay.ng)Here are some of the auto companies in Africa that are bridging the capacity gap in the continent: 1.Innoson Motors Innoson Vehicle Manufacturing Co. Ltd (IVM) is owned by Innocent Chukwuma, a Nigerian entrepreneur. It was established in 1987 as a motorcycle manufacturing company but has…
No fewer than fourteen industry leaders in the Nigerian Manufacturing sector are attending the 2023 G20 Summit with President Bola Tinubu in Delhi, India. A look at the roll-call shows that out of the 38 prominent businessmen and investors in the delegation,14 of them are industry leaders. In a statement, the Nigerian High Commissioner to…
The Minister of Solid Minerals, Mr. Dele Alake, has unfolded President Bola Tinubu’s seven-point agendas for the solid minerals sector. Alake, during an interactive session with Political Correspondents, today , in Abuja, said that he has the mandate of President Tinubu to ensure that the Solid Minerals sector accounts for at least 50 percent of…
A week ago, the Minister of Works, Senator David Umahi, stired the hornet’s nest in the cement industry when he announced that he would dialogue with cement manufacturers to reduce the prices of their products. Also fanning the issue was a social media post that accused Dangote Cement for selling cement in Nigeria at significantly…
▪︎Tony Elumelu ” We should create a joined-up government task force to champion at the highest level, our young and our entrepreneurs.” Tony O. Elumelu, Founder, The Tony Elumelu Foundation , stated this during the just ended Nigerian Bar Association (NBA)’s 63rd Annual General Conference, held in Abuja. In his reflections on the theme of…
▪︎Innocent Chukwuma, Chairman IVM Innocent Chukwuma is the Chairman of Innoson Vehicles Manufacturing Limited (IVML).In this interview, he shares his thoughts on the recent President Bola Tinubu’s policy direction on powering Nigeria Roads through CNG buses, among other issues. When did you transit from motorcycles to vehicles, and what motivated you to enter into the…
Liberia’s first rubber processing plant is scheduled to commence operations within the next two months. The Rubber Factory (Jeety Rubber Factory), being built by Upjit Singh Sachdeva, a visionary business tycoon, is located in Weala, Cinta District, Margibi County — a region known for its abundant rubber plantations. The factory when completed, will process raw…
First Bank of Nigeria Limitedhas invested in robotics technology to serve it customers. Accordingly, the bank has inaugurated the state-of-the-art facility where robot attends to customers and their inquiries at its branches located on Adetokunbo Ademola Street, Victoria Island, Lagos; and University of Ibadan. Stating the benefits of FirstBank Digital Xperience Centre, Chief Executive Officer…
