Investments & Projects

Kano — A Chinese multinational company, Shandong Ruyi Technology Group is set to invest $600 million in the textile and garment industry in Kano State.

Few large Chinese companies, including textile and garment manufacturing industries, have decided to invest in Ethiopia in the first half of the current Ethiopian budget year.

As the Gambia embarks on the journey to implement the sustainable energy for all, stakeholders and other partners of the government such as GEF and UNIDO are meeting in Banjul to discuss on the Global Environment Facility (GEF) 6

Counties have received a shot in the arm in their effort to attract investment after the Treasury retained generous tax incentives to firms setting up shop in the countryside.

A renown Kano industrialist, Alhaji Dattijo Adhama, has said that cotton alone can bail the north out from poverty if government, farmers and industrialists in the region can give the commodity the deserved attention.

Investors of the tax exempted bond will only need an initial amount of Ksh3,000 and thereafter multiples of Ksh500.

More than 20 business delegates from European and Asian countries are expected in the country in the next two months to seek investment opportunities and to establish networks with local businesses.

Beginning next week, permits for Investors will be processed within three days, a move that has been welcomed enthusiastically, as it will reduce red tape and promote business.

The Mekelle Industrial Park and the Kombolcha Industrial Park are being built by China Communications Construction Company (CCCC) and China Civil Engineering Construction Corporation (CCECC) respectively.