Indorama Ventures Public Company Limited, Nigerian Breweries Plc and Genesis Power and Energy Solutions Ltd are pulling their resources together to build Africa’s largest state-of-the-art recycled PET (rPET) production facilities in Nigeria. Located in Lagos, the site represents an investment to develop a facility capable of producing up to 45,000 tons of food grade rPET resin…
Coffee, cotton, and cacao used to be significant cash crops that earned Nigeria millions of dollars in revenue in the 1960s and 1970s, but have failed, in the last decades, to attract the quality of investment it needs. The National Coffee and Tea Association of Nigeria (NACOFTAN) is embarking on the cultivation of 28,000 hectares…
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…
Alcohol strength is measured globally using Alcohol by Volume, ABV, and the products in question fall within internationally recognised ranges for spirits.
▪︎Cover image: Mr. Jaafar Harti, MD of Dolidol Group The Dolidol Group, a Morocco based foam mattress giant, is agressively expanding its tentacles through the acquisition of existing manufacturing plants in West, East and North Africa. This is even as the global mattress market is valued at $32.83 billion in 2022, and is expected to…
He is the Chairman of the NACCIMA AfCFTA (African Continental Free Trade Area)Committee and is very passionate about encouraging the active participation of Small and Medium Enterprises (SME’s) in AfCFTA.
Dangote Group say the visit by officials of the Economic and Financial Crimes Commission (EFCC) to its headoffice in Lagos, caused them “unwarranted embarrassment. “ In a statement today, the company explained that it’s not against the EFCC doing its work, but that the officials stormed the company “in a manner that appeared designed to…
Dr Muda Yusuf, CPPE Director/CEO, expressed concerns about pardoning individuals convicted of corruption, financial crimes, murder, drug trafficking, and illegal mining.
“Over 10,000 small-scale welders in Sri Lanka have benefitted from a UNIDO project funded by the Global Environment Facility (GEF) enlightenment campaign on the dangers of polychlorinated biphenyls (PCBs), a chemical use in the welding industry. UNIDO project manager, Carmela Centeno, Head of the Responsible Materials and Chemicals Management Unit, who disclosed this, said that …
