KANO STATE PATNERS CHINA IN TEXTILE DEAL WORTH $600M


Kano state, China sign $600m deal to set up textile industrial park




Image result for Kano state, China sign $600m deal to set up textile industrial parkThe Kano State Government has signed a Memorandum of Understanding with Shandong Ruyi Technology Group of China for the establishment of a $600 million Textile Industrial Park in the state. The planned multi-million dollar investment in Kano will be the biggest in Africa upon completion.
Kano state Governor, Ganduje says the has put in place facilities for textile clusters across its 44 local government areas and urged the group to incorporate them into the Textile Industrial Park.
The proposed projects is expected to create more than 4, 000 jobs in the state.

Comments

Post a Comment

Popular posts from this blog

AfDB Leads Others With $6.7bn Climate Financing

Image
  The African Development Bank (AfDB) is leading other multilateral finance institutions in climate financing after investing $6.7 billion in tw0 years, a report by the United Nations has revealed. The UN appointed Intergovernmental Panel on Climate Change (IPCC) stated this in its report released this week. The report said only AfDB had spent more to help nations to adapt to climate changes. The report said so far, AfDB has provided climate finance that had increased from $3.2 billion in 2018 to $3.5bn in 2019 – representing 35 per cent of the total project approvals worth $10.2bn. The bank’s largest climate finance investments were made in the energy, agriculture and transport sections. “Many of the changes observed in the climate are uncommon in thousands, if not hundreds of thousands of years, and some of the changes are already set in the motion, such as continued sea-level rises which are irreversible over hundreds or thousands of years,” the report said. This revelation is c...
Read more