Textiles and garments associations in the USA and Africa have appealed to the American Congress to renew the African Growth and Opportunity Act (AGOA), which provides certain goods from African companies trade preferences in the US market
Industry
South Africa's Metair Investments buys Turkish battery manufacturer
South Africas Metair Investments has announced that it will acquire Turkish battery manufacturer Mutlu Holding for US$220mn to enhance its footprint in Europe
Renault-Nissan Alliance to set up vehicle assembly hub in Nigeria
The Renault-Nissan Alliance has signed a Memorandum of Understanding (MoU) with West African conglomerate Stallion Group to start a vehicle assembly unit in Nigeria
Main One expands into manufacturing sector
Main One has announced its entry into Nigeria’s manufacturing sector with connectivity offerings targeted at businesses in the Ikeja, Agbara and Apapa industrial locations in and around Lagos
US to set up fertiliser plant in Nigeria
The US government has outlined plans to establish a US$250mn fertiliser plant in the Edo State of Nigeria