Category: BUSINESS – (ITALMOTOR FRIENDS)

NIGERIA: IMPORT DUTIES & LEVIES, REDUCES MINIMUM TAX

STATE HOUSE PRESS RELEASE | OFFICE OF THE VICE PRESIDENT *FG PRESENTS 2020 FINANCE BILL TO NEC:* *PROPOSED LEGISLATION SLASHES IMPORT DUTIES & LEVIES, REDUCES MINIMUM TAX, EXEMPTS SMALL BUSINESSES FROM TETFUND, OTHERS.* *Raises compensation exemption threshold, qualifies software acquisition for capital allowance Following Wednesday’s approval by the Federal Executive Council (FEC), the 2020 Finance […]

AUTOMOTIVE IN AFRICA

Experience has shown that the total supply chain for the automotive industry can be located across many economies. This is even more the case in economic blocs such as the EU where barriers to trade are reduced and logistics systems improved. As Africa starts in earnest a similar process of reducing trade barriers and improving […]

PADOAN – metal tanks

We are an italian company specialist in metal tanks for industrial vehicles and machineries. All of the operative and strategic areas are based on the Italian headquarter on the north-east of Italy. With an experience of more than 80 years, today we can count on a Group of 4 companies: Padoan Srl, the Italian HQ; […]

RICE MILL, NIGERIA

Nigerian business mogul Cosmas Maduka, one of Nigeria’s most successful businessmen, has built a rice processing mill in Anambra, a state in Nigeria’s southeastern region, at a reported cost of $35 million. According to a report by ThisDay, the rice mill which was constructed by Coscharis Farms, a subsidiary of the Cosharis Group which Maduka […]

TAK logistics

TAK Logistics clears fertilizer raw materials from the ports, after which TAK Logistics moves the raw materials to the fertiliser blending plants. In addition, other raw materials such as granulated limestone as well as urea, which are locally sourced, are also moved from the various factories (Limestone Granules “LSG” – WAFERT factory in Okpella; Urea […]

Energy is a critical component

By Stanley Opara   South Africa and leading energy conglomerate in Africa, Sahara Group, have expressed worry over what they described as insufficient harnessing of Africa’s energy sector potential in the continent. They said achieving a robust energy sector remained the most critical component of the levers Africa requires to leapfrog into the Fourth Industrial […]

Ethiopia to abolish visas for all Africans

Ethiopia to abolish visas for all Africans: Ethiopian President Mulatu Teshome said on Monday that Ethiopia will soon allow fellow African citizens to enter the country without obtaining visas in advance. Efforts are underway so as to start visa-on-arrival procedure for African travelers during the current Ethiopian year, which started on Sept. 1, Teshome told […]

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