Despite N4trn Investment, Hope Dims For Ajaokuta Steel Take-Off

Published by
Daily Trust

Nigeria’s low-grade iron ore a setback – Ex-DG, Mining Cadastre Office ‘Depends on Guinea for raw material’ Project 98% completed The completion of the remaining two per cent of work on the 43-year-old Ajaokuta Steel Rolling Mill, as promised by the federal government, has been ruled out this year, despite a $10 billion (about N4.155 trillion) worth of investment, Daily Trust reports. A geologist, Professor Ibrahim Garba, said the plant’s chances of taking off are slim because it was predicated on a low-grade iron ore, an important raw material needed for the smooth operation of the rolling mi… Continue reading “Despite N4trn Investment, Hope Dims For Ajaokuta Steel Take-Off”

ADENUGA: 69 HEARTY CHEERS TO THE GURU

Published by
Nigerian Tribune

The Quintessential businessman, the man with the midas touch, and an entrepreneur par excellence, Dr. Michael IsholaAdenuga, GCON is 69 years old. 69 years of success, great accomplishments and unquantifiable achievements. Happy Birthday to the Guru. From the age of 26 when he made his first million running family business, Dr Mike Adenuga aka Guru has always been an exceptional person. By the time he moved to his early thirties, he had successfully transformed his family’s business and gradually but quietly entered the nation’s league of top entrepreneurs with utmost precision. Welcome to the… Continue reading “ADENUGA: 69 HEARTY CHEERS TO THE GURU”

Working in construction has been inspiring -Seun Eyitayo

Published by
Nation (Nigeria)

Seun Eyitayo is the Chief Operating Officer (COO) of Landwey Investments. In this interview with Yetunde Oladeinde, she talked about breaking the bias for women in construction, technology, experience in manufacturing, the opportunities in the hospitality industry as well as her organisation’s latest project, Isimi Lagos. WHAT are you working on at the moment? We are developing Isimi Lagos- Nigeria’s first wellness and lifestyle city, beginning with a reveal of the masterplan showing the layout of the city and subsequently, the construction phase. It was launched in the middle of last year, gi… Continue reading “Working in construction has been inspiring -Seun Eyitayo”

Nightmares of Unregulated Foreign Investment

Published by
Sunday Standard

Foreign investors in weak economies like Botswana tend to favour putting their money in natural resource use and extraction, particularly in the areas of minerals, agriculture and fuel production; products like diamonds, oil, crops, tobacco and vegetables. The poorest countries in the world still receive a disproportionately large amount of investment flows into their natural resource sectors, oil in Nigeria, diamonds in Botswana, tobacco in Zimbabwe, cash crops in much of west Africa and eastern Africa. Accompanying these investments in the South have also been serious, sometimes large scale … Continue reading “Nightmares of Unregulated Foreign Investment”

KATHIKU: Botswana’s latest Bev to hit local retailers’ shelves

Published by
Sunday Standard

It’s been a long time coming for KATHIKU, a Botswana beverage brand, but finally it has made its way into shelves of local retail stores among them Sefalana stores in Shakawe, Maun and Gaborone Sefalana Hyper Store ( Block 3 Industrial) and Sefalana Setlhoa. KATHIKU means the magic hour before sunset and is owned by Okavango native, Ineeleng Kavindama. She shares that the name is a Hambukushu name from the Okavango region. Ineeleng is a retired fashion designer who was based in Johannesburg until 2003 and she says she went into early retirement to pursue other business goals like medical equip… Continue reading “KATHIKU: Botswana’s latest Bev to hit local retailers’ shelves”

De Beers sparkles in Q1:2022

Published by
Sunday Standard

The diamond mining juggernaut De Beers increased rough diamond production in the first quarter of the year, thanks to strong operational performance and higher planned levels of production to meet continued strong demand for rough diamonds, the company revealed this week in a quarterly production report. According to Anglo American, De Beer’s major shareholder, rough diamond production surged by 25 percent to 8.9 million carats, compared to last year’s first quarter production of 7.1 million carats. As has been the case over the years, the increase in diamond output was propelled by robust per… Continue reading “De Beers sparkles in Q1:2022”