Business
Burkina Faso’s junta launches cement plant with Chinese support
Burkina Faso has inaugurated a new cement plant, Société Industrielle Sino Burkina de Ciments SA (CISINOB SA), in Laongo, Plateau-Central region.
The facility, with a production capacity of 2,000 tonnes per day, is expected to create hundreds of jobs for the country’s youth.
The cement plant, a joint venture with Chinese investors, is part of Burkina Faso’s broader strategy to pursue economic development free from Western influence.
Business Insider Africa reported that the inauguration ceremony was led by Burkina Faso’s interim military president, Captain Ibrahim Traoré, who described the plant as a testament to a mutually beneficial partnership between Burkina Faso and China.
“It is with legitimate pride that I inaugurated today, March 20, 2025, in Laongo, the cement plant of CISINOB SA. With a production capacity of 2,000 tonnes per day, it will provide employment opportunities for hundreds of young people in our country,” Traoré stated on his official X handle.
He emphasized that the project reflects a collaboration that respects Burkina Faso’s sovereignty while fostering economic growth.
“To all friends of Burkina Faso, we remain open to sincere partnerships that respect our sovereignty,” he added.
Since its withdrawal from the Economic Community of West African States (ECOWAS) alongside Mali and Niger, the junta-led government has sought to strengthen self-reliance and build strategic partnerships with non-Western nations.
Business
OPay launches new office in Jos
” Opening this office in Jos allows us to stay closer to the people we serve, better understand their needs, and continue to provide fast, secure, and reliable financial services that improve everyday life.”
OPay has officially launched its new office in Jos, Plateau State.
Speaking at the event, OPay’s Chief Operations and Technology Officer, Dotun Adekunle, said that the new Jos office reflects OPay’s continued commitment to putting customers first and advancing financial inclusion across Nigeria.
He said :” Our customers are at the center of everything we do.
Opening this office in Jos allows us to stay closer to the people we serve, better understand their needs, and continue to provide fast, secure, and reliable financial services that improve everyday life.”
Business
Governor Otti Commissions Ultimum Manufacturing Plant in Aba
Razzle beverages include Razzl Pamplemousse (a unique and special grapefruit flavour), Razzl Cola, Razzl Orange, and Razzl Lemon.
Ultimum Limited, the manufacturers of Razzl brand of carbonated soft drinks has commissioned its state-of-the-art beverage manufacturing plant in Aba, Abia State.
Razzle beverages include Razzl Pamplemousse (a unique and special grapefruit flavour), Razzl Cola, Razzl Orange, and Razzl Lemon.
Located in the Osisioma Industrial Layout, the new plant was commissioned by the Governor of Abia State, Dr. Alex Chioma Otti.
Otti described the investment as a clear signal of economic revival and growing investor confidence in Abia State.
“This investment confirms that we are creating the right conditions for businesses to grow, thrive, and succeed. Investors will always go where there is clarity, stability, and opportunity.
Our focus has been to build that environment, and today’s commissioning shows that the strategy is working,” he said.
The Chairman of Ultimum Limited and representative of the investor group, Mr. Whalen Kadji, emphasized the company’s long-term commitment to Aba and Nigeria.
“We did not come here by chance. We came because of the energy and entrepreneurial spirit of Aba. This city has always been a center of enterprise, and we believe strongly in its future.
This plant is more than an investment in beverages; it is an investment in people, in jobs, and in the growth of local industry. We are here for the long term, and this is just the beginning of what we intend to build here.”
The Managing Director of Ultimum Limited, Mr. Austin Ufomba, described the plant as a bold step in the company’s journey.
“Ultimum Limited started with a simple idea, to build world-class products right here in Africa,”he said.
Business
Oil price jumps to $106, stocks drop on uncertainty over US-Iran talks
Crude prices rallied more than three percent on Thursday, with Brent crude above $106 per barrel and WTI around $93.
Oil prices jumped and equities slid Thursday as hopes for a peace deal between the US and Iran wavered after Tehran rejected Washington’s bid to wind down the nearly four-week war.
Markets had been buoyed this week by US President Donald Trump’s announcement that strikes targeting Iran’s energy infrastructure would be postponed, adding that the two sides were in peace talks.
But uncertainty over the talks and the virtual closure of the Strait of Hormuz — through which around 20 percent of oil and liquefied natural gas passes — have cast a shadow over market sentiment.
“The market rollercoaster continues,” said Joshua Mahony, chief market analyst at Scope Markets.
Crude prices rallied more than three percent on Thursday, with Brent crude above $106 per barrel and WTI around $93.
( VANGUARD)
-
Business1 day agoGovernor Otti Commissions Ultimum Manufacturing Plant in Aba
-
Sports1 day agoCAF appoints Nigeria’s Samson Adamu as acting secretary general
-
Politics2 days agoJUST IN: Kwankwaso Set to Join ADC on Monday
-
News17 hours agoPresident Tinubu at 74, Donates Salaries to Armed Forces Welfare Fund
-
Politics16 hours agoPDP will contest 2027 polls, says Wike
-
Crime6 hours agoJUST IN: Terrorists Invade Kaduna Wedding Ceremony, Kill 13 Guests In Late-Night Attack
-
Business16 hours agoOPay launches new office in Jos
-
News8 hours agoLagos High Court Embraces Full Digital Transformation with Mandatory E-Filing
