Business

Made – in- Africa Clothings, Beverages, Bags Entering Chinese Market; See how

Published

3 years ago

August 16, 2023

502 Views

The African Export-Import Bank (Afreximbank) and Development Reimagined (DR) an international consultants, have been promoting the entry of high-end value-added Made-in-Africa goods from such sectors as fashion, skincare and beverages, into the Chinese market.

In a statement, the bank disclosed that the brands includes Maxhosa and Jessica Jane, two unique and luxury South African fashion brands; Taibo Bacar, Nkanda Yetu and Larry Jay, sustainable fashion brands from Mozambique, Zambia and Ghana respectively; Skin Gourmet, a beautifully branded Ghanaian skincare company; Zaaf – a handcrafted luxury bags and leather brand from Ethiopia.
Others are Monks Gin, a South African gin company; Yenae – a stunning jewelry brand from Ethiopia; and many more.

Mr. Yusuf Daya, Director, AU/AfCFTA Relations and Trade Policy, Afreximbank, said : “We are encouraged about our partnership with Development Reimagined, aimed at enabling access of African brands to global markets.

He said that the vast Chinese consumer market provides immense opportunities for African businesses.

” We urge African entrepreneurs to embrace this challenge, crafting goods that resonate with the market, not only boosting the presence of African products in China but also fostering more jobs, collaborations, and economic growth.

Alongside our partners, we will continue forging global partnerships that support African trade,” he said.

Ms. Hannah Ryder, CEO, DR, said that the Afreximbank-DR partnership marks a significant milestone in promoting trade and economic cooperation between Africa and China.

Noting that the Chinese consumer market, valued at US$6.3 trillion, was projected to experience substantial growth), DR reported that African exports to China amounted to US$117.5 billion in 2022, a remarkable 24-fold increase compared to 2000.

The collaboration with Afreximbank is expected to include follow-up activities over the next six months to cement the sales and partnerships made at the 2023 China-Africa Economic and Trade Expo (CAETE) held recently in Changsha.

Related Topics:Afreximbank Bags Beverages Made in Africa Clothings

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Business

BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

7 hours ago

June 30, 2026

Charles Flames

23 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

11 hours ago

June 30, 2026

OCHEFA

19 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”