Ghana: The Automotive Hub of West Africa

With the imminent ablishment of trade barriers under the African Continental Free Trade Area (AfCFTA), Ghana is poised to overtake Nigeria by becoming a gateway to the rest of West Africa, and a market leader in new car sales. The government of Ghana is also offering 10-year tax breaks to the automotive manufacturing industry in a bid to make Ghana the regional hub for car assembly and boost car sales in the local and regional...

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Google Shopping In Nigeria

Google will launch Shopping Ads in Nigeria to make it easier and faster for shoppers to find and purchase products online, while also improving their transaction experiences.
“We are excited to be launching Shopping ads in Nigeria. Shopping ads include photos and prices to help consumers find the products they are looking for and enable advertisers to reach consumers who are looking to buy,” reads a statement by the...

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Nigeria Uses Drones For Delivery

Nigerian-based medical logistics startup, LifeBank will be adding drone delivery to its methods of transportation. The company is the first African-led company to implement Beyond Visual Line Of Sight (BVLOS) flights for healthcare logistics. Unlike Visual Line Of Sight (VLOS) flights where the pilot has to see their unmanned aerial vehicles (UAVs) or drones at every time, for BVLOS, drones can go beyond the sight of the pilot without human...

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Kenyan food manufacturer Ariel Foods expands in West Africa

Ariel Foods, a renowned Kenyan therapeutic foods manufacturer famous for its food supplements for malnourished people worldwide is expandeding its operations in West Africa through its base in Nigeria seeking. The food company aims to tap into the wider West African market through its operations in Nigeria. Insta’s therapeutic foods are a high calorie combination of peanut paste, sugar, oil and milk powder which is fortified with 23...

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Nigeria: Economic Recovery Will Open New Business Opportunities

New economic measures adopted by the recently re-elected government of Muhammadu Buhari will try to expand Nigeria's economy away from oil income dependence and focus on consolidating Nigeria's manufacturing base – thereby opening new business opportunities for overseas suppliers and investors. Nigeria's population and gross domestic product is projected to reach 399 million people and cross $3.3 trillion by 2050. However,...

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Nigeria’s Booming Auto Market

With a population of close to 180 million and a GDP of US$493 billion in 2015, Nigeria is the most populous country with the largest economy in Africa. Despite the current economic challenges facing the country due to low oil prices and a weakened currency, Nigeria still reveals robust economic growth of 2-4% in the medium term. Owing to the lack of domestic vehicle production, Nigeria is highly dependent on imports to meet its domestic...

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Green Africa Airways signs Africa’s largest aircraft deal with Boeing

Green Africa Airways – the newly launched airline in Nigeria has signed a deal  worth $11.7 billion with Boeing for the purchase of 100 737 Max8 aircraft. The biggest aircraft deal in Africa, is yet to be finalized will be split into 50 firm aircraft and 50 options. The transaction is the second major deal signed by Boeing with a Nigerian airline.   Green Africa Airways is backed by a  group of aviation industry experts...

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DP World to Build and Operate New Logistics Hub in Mali

Mali Logistics Hub to fuel trade in west Africa with simplified procedures and paperless transactions Global trade enabler DP World has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali to build and operate a 1000-hectare modern logistics hub outside of Bamako, the capital and largest city of Mali. The multimodal logistics platform, Mali Logistics Hub (MLH), will have inland container depots (ICD) and...

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