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Nigeria

Tinubu hails Nigeria UAE industrial pact as breakthrough for investment

President Bola Tinubu has hailed a new Nigeria–UAE industrial partnership as a major breakthrough that will attract fresh investment and boost local manufacturing. He spoke after BUA Group, Abu Dhabi’s AD Ports Group and UAE based Mair Group signed a strategic Memorandum of Understanding to develop industrial and logistics projects in Nigeria. Under the deal, the partners plan to establish integrated industrial zones, ports and logistics hubs that will support cement, petrochemicals, agriculture processing and other value adding industries. The projects are expected to tap into trade opportunities created by the Comprehensive Economic Partnership Agreement recently signed between Nigeria and the UAE. Tinubu said the agreement is proof that his economic diplomacy is yielding concrete results, with UAE government and private investors projecting more than 10 billion dollars in potential investments across key sectors. He described the partnership as a […]

Abdulmumini Auwal SA February 16, 2026

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Nigeria

Dangote to Nigerian elites: Skip Rolls Royce, invest in industries

Dangote Group Chairman, Aliko Dangote, has urged wealthy Nigerians to divert money spent on luxury items like Rolls Royce cars and private jets into building industries that create jobs and drive economic growth.​ Speaking after a meeting with President Bola Tinubu at the Presidential Villa, he lamented a culture of conspicuous consumption and recalled that, in earlier years, even presidents used modest official cars, which discouraged elites from outspending the state on luxury.​ He said anyone who can afford a Rolls Royce should instead establish factories in their communities or anywhere in Nigeria where investment is needed, arguing that many of the private jets crowding local airports could have been productive industrial assets.​ Dangote stressed that Nigeria’s development hinges on strong local investment in manufacturing and agriculture, backed by a solid banking system, and warned that rapid population growth of […]

Abdulmumini Auwal SA December 7, 2025

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new africa

Mozambique Hosts 60th Maputo International Trade Fair

Down the main aisle of a bustling conference pavilion in Mozambique’s capital, Maputo, Lucia Matimele stood surrounded by lush green leaves, peppers on the stalk, and bunches of ripe bananas. “We have land, we have water, we have farmers!” she said with enthusiasm. “What we need is investment.” Matimele, the director of industry and commerce for Gaza province—one of Mozambique’s key agricultural regions about 200km (125 miles) from the capital—brought a display of the province’s most promising crops to the 60th annual Maputo International Trade Fair (FACIM). She joined thousands of other exhibitors from within and outside the country to showcase products and attract new business opportunities. The government has emphasized economic growth and investment this year despite political challenges. More than 3,000 exhibitors from nearly 30 countries are participating in the event, which runs for seven days and is […]

Ahmad August 30, 2025

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Finance

Le Togo Tire la Corde pour Attirer les Investisseurs avec son Nouveau Portail Commercial

Le Togo franchit une nouvelle étape dans la modernisation de son environnement commercial avec le lancement officiel du Togo Trade Portal , une plateforme numérique conçue pour faciliter les opérations d’importation, d’exportation et de transit au sein du pays. Cette initiative stratégique centralise plus de 50 procédures liées aux échanges commerciaux , couvrant 13 groupes de produits stratégiques qui jouent un rôle clé dans l’économie nationale. Une réponse concrète à la complexité des formalités douanières Le Togo Trade Portal a été pensé comme un guichet virtuel unique d’information commerciale, offrant aux acteurs économiques : Des descriptions pas à pas des procédures douanières Les exigences réglementaires par produit ou secteur Les formulaires nécessaires et leurs coûts associés Les coordonnées des responsables concernés L’objectif est clair : réduire l'opacité administrative , baisser les coûts de transaction , et accélérer les opérations commerciales […]

Ahmad May 21, 2025

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WESTERN

Call for Action to Address Ghana’s Stagnant Oil Sector.

Industry experts and stakeholders are urging the Ghanaian government to take decisive action to revitalize the country’s stagnant oil sector. Despite Ghana being an oil-producing nation since 2010, the industry has faced numerous challenges, including declining production rates, regulatory hurdles, and inadequate infrastructure.Recent reports indicate that oil production in Ghana has significantly dropped, raising concerns about the country’s ability to meet its revenue targets from the sector. The Ghana National Petroleum Corporation (GNPC) has acknowledged the need for reforms to attract foreign investment and stimulate growth.In response to these challenges, experts are advocating for a comprehensive review of existing policies and regulations. They suggest that the government should prioritize the development of local content policies, improve the investment climate, and enhance capacity building within the sector. Moreover, there is a call for increased collaboration between the government and private companies […]

Edem 4Style October 22, 2024

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