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President John Mahama breaking ground for glass manufacturing plant in Shama
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Mahama Breaks Ground for New Float Glass Factory in Shama

President John Dramani Mahama has cut sod for the construction of a new glass manufacturing facility at Shama in the Western Region, describing the project as a significant boost to Ghana’s industrialisation drive. The facility, known as the New Float Glass Manufacturing Company, is being developed by KEDA (Ghana) Ceramics Company Limited. Expansion of production capacity At the ceremony, the President also inaugurated the fifth phase of the company’s tile production line and commissioned a modern sanitary ware factory, expanding the company’s manufacturing footprint in the country. Once completed and operational, the float glass plant is expected to produce about 1,400 tonnes of glass per day. This would place it among the largest glass production facilities on the African continent. Economic impact and job creation The project is projected to significantly cut down on glass imports while boosting exports by […]

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Lessons from Poland’s Industrial Agenda for Nigeria’s $1 Trillion Economy Goal

Poland’s economic rise—from post-communist instability in 1989 to the world’s 20th largest, $1 trillion economy—offers valuable lessons for Nigeria’s development aspirations. Despite an initial period of recession, unemployment, and inequality, Poland pursued rapid market reforms, increased transparency, and focused on local resources and innovation. Key drivers included: Strong investment in technology and private sector-led industrial growth Policy reforms supporting local content, manufacturing, and energy independence Gradual integration with major world economies, including the EU and NATO Emphasis on solving domestic problems, decarbonising power, and building human capital Poland’s energy transformation blends coal, gas, and renewables—offering Nigeria ideas for maximising its gas and coal reserves, improving electricity, and attracting foreign investment. The partnership potential is highlighted by ongoing Polish-Nigerian economic cooperation, especially in energy and trade. Major Polish companies and public-private initiatives in logistics, alternative fuels, and industrial technology demonstrate the […]

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UK Steel Industry Faces Deep Crisis as EU Raises Tariffs

The United Kingdom’s steel industry is bracing for one of its worst crises in decades following the European Union’s decision to raise import tariffs and reduce tariff-free steel quotas. The EU announced plans to cut tariff-free quotas for imported steel by 47% compared to 2024 levels, while doubling tariffs from 25% to 50% on imports that exceed those limits. According to the European Commission, the new measures are designed to protect the EU steel sector, safeguard jobs, and support ongoing decarbonisation efforts. The proposal will replace the current steel safeguard measure, which expires in June 2026. The move has sparked strong reactions in the UK, where the steel sector has already been hit by plant closures, job losses, and existing U.S. tariffs of 25% on steel exports. “This is perhaps the biggest crisis the U.K. steel industry has ever faced,” […]

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Okonjo-Iweala: How Nigeria can lead AfCFTA

Nigeria can emerge as a leader under the African Continental Free Trade Area (AfCFTA) if it tackles logistics bottlenecks, invests in value addition, and builds efficient payment systems, according to World Trade Organisation (WTO) Director-General, Dr. Ngozi Okonjo-Iweala. Speaking at the WTO Public Forum in Geneva, Switzerland, Okonjo-Iweala urged Nigeria and other African nations to fast-track AfCFTA implementation, expand infrastructure, and cut trade costs to unlock billions of dollars in opportunities across manufacturing, services, and digital trade. “The AfCFTA is a great step, but Africa still trades only 15–20% within itself, compared to 60% in the European Union. We need to accelerate implementation so Africans trade more with each other,” she said. She cited examples such as Lesotho, which exports $200 million worth of textiles annually to the U.S.—about 10% of its GDP—while Africa imports $7 billion worth of similar […]

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PIA to Expand as ARISE IIP Secures $450M from Afreximbank

ARISE Integrated Industrial Platforms (ARISE IIP) will soon boost its African industrial park investments, particularly in Togo. The firm recently secured a $450 million commitment from the African Export-Import Bank (Afreximbank). In detail, $300 million will help bolster existing parks, including Togo’s Industrial Platform of Adétikopé (PIA), and launch new projects in the Democratic Republic of Congo, Kenya, Chad, Nigeria, and Côte d'Ivoire. The remaining $150 million will help build an industrial park in Malawi and bolster agricultural export activities. The $450 million investment is part of a broader $800 million initiative to boost African industrialization. "This $450 million facility represents a major step forward in supporting Africa's industrialization efforts," said Arvind Arora, Treasury Director of ARISE IIP. "This financing covers critical working capital and capital expenditure requirements in various countries, addressing the diverse needs of industrial development." Last year, many major global shipping firms joined the PIA […]

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New Sanitary-Ware Factory in Takoradi Creates 600 Jobs and Boosts Local Economy.

Jintao Sanitary-Ware Ghana Limited has officially opened a cutting-edge production facility in Takoradi, significantly enhancing the local economy. This Chinese-owned company, part of the Hwani Group, specializes in sanitary ware products such as washbasins, bathroom cabinets, urinals, and more, with an impressive capacity to produce one million units annually. The factory, which is set to expand its output to two million units for export, is expected to create 600 jobs, with 90% of the workforce sourced from the Western Region. Approximately 70% of its production will be directed towards export markets, while the remaining 30% will serve the local demand. The government's initiative aims to tackle the housing deficit by providing affordable building materials, reducing reliance on costly imports that contribute to inflation. Jintao’s investment is poised to make high-quality sanitary products more accessible to real estate developers and home […]

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