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December 2017
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Thursday, 14 December 2017

The European Union (EU), and the National Association of Commerce, Industry, Mines and Agriculture (NACCIMA), have insisted that the imperative of economic integration in West African sub region cannot be over emphasised. The EU Ambassador to Nigeria, Michel Arrion, during a visit to NACCIMA, in Lagos recently, noted that Nigeria plays a vital in the promotion of economic integration in the sub region. According to him, by 2050, Nigeria will be the third largest country in the world after China and India, adding that the EU is ready to work with Nigeria and other Economic Community of West African States (ECOWAS) member countries to promote trade in the region. Noting that the country is also one of the biggest markets in the world, he said Nigeria in ECOWAS is like Germany in Europe - with huge population and the biggest economy.

A memorandum of understanding in the field of maritime transport and ports, focused on investments and strengthening bilateral relations, was signed on Tuesday in the Portuguese city of Matosinhos as part of a visit to Portugal by the Mozambican Minister of Transport and Communications of Mozambique, Carlos Fortes Mesquita. The document was signed in Matosinhos, in the district of Porto, after a visit to the port of Leixões, Portuguese news agency Lusa reported, adding that Portugal was represented by the Minister of the Sea, Ana Paula Vitorino. Carlos Fortes Mesquita pointed out that Mozambique “has an extremely strategic geographic position” for transportation and logistics, particularly in countries such as Zimbabwe, Malawi, Zambia, Congo and northeastern South Africa.

A group of Italian business people plan to invest in the construction of a shipyard for assembly and repair of fishing vessels in the municipality of Soyo, in Angola’s Zaire province, the director of Italian company Ac Enterprises said on Wednesday in the city. Orazio Omata also told Angolan news agency Angop news that the investment will be made in partnership with the Angolan company Pele Angola. Omata said that a shipyard is a project of major importance, as it makes it possible to assemble and repair fishing vessels to operate in the region and the re-launch of the fishing sector in the province. Alongside the shipyard the company plans in August to start building a factory to process fish in the city’s industrial hub.

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