Skip to main content

Nigeria, South Africa Working On Car Manufacturing Plan –Ramaphosa

South Africa’s President, Cyril Ramaphosa, on Thursday said that his country and Nigeria were working on an automotive development plan for sub-Saharan Africa.

Ramaphosa disclosed this at the Nigeria-South Africa Business forum attended by both heads of state.

He said, “South Africa and Nigeria have been working together on the establishment of a Sub-Saharan African Automotive Development Plan.

“The plan recognises the important role the automotive sector can play in promoting industrial development and aims to align our respective initiatives for maximum benefit.

“The initiative will be important not just to the automotive sector but as a testing ground for a deeply collaborative approach to industrial development.”

Speaking further, Ramaphosa stated that the two countries needed to evolve their trade relationship away from crude oil.

He, however, observed that 1,700 South African entities from diverse sectors had active interests in the Nigerian economy as at 2018.

He added, “We need to transform our trade relationship to be one of greater value-addition, with a greater focus on manufactured and agricultural goods.

“Crude oil still dominates trade between our two countries, despite our sophisticated consumer markets and capable manufacturing sector.

“Over 100 South African companies have made investments in Nigeria.

“Last year, over 1,700 South African firms had active trade relations with Nigeria.

“South Africa is by far the largest purchaser of Nigerian products in Africa, accounting for nearly half of Nigeria’s exports to the rest of Africa in 2018.”

Ramaphosa observed that the depth of the ‘trade and investment relationship makes Nigeria a key partner for South Africa.

Politics South Africa News AddThis :  Original Author :  SaharaReporters, New York Disable advertisements : 

from All Content
via

Comments

Post a Comment

Popular posts from this blog

These funny food quotes will make you laugh like crazy

Food is not only an essential part of the daily routine but also the most exciting one. We cannot imagine our life without something yummy. How do you make ordinary eating fun and unforgettable? We bring to your attention amazing food quotes which will definitely make you smile. Image: unsplash.com (modified by author) Source: UGC Are you looking for interesting ideas to entertain your interlocutor while having lunch at work or family dinner? Then this article is definitely for you! Good food quotes Below are food quotes, aphorisms and witty statements. This is an exciting and extraordinary collection of the top "pearls of wisdom" on this topic. Here you can find funny jokes and sayings, intelligent thoughts of philosophers and original words of great thinkers and inspiring statuses from social networks, as well as many other things. The best appetite comes without food. I love calories. They are dаmn tasty. An empty stomach is the Devil's playground. Have bre
Post a Comment
Read more

The Transitional Phase of African Poetry

The Transitional Phase The second phase, which we have chosen to call transitional, is represented by the poetry of writers like Abioseh Nicol, Gabriel Okara, Kwesi Brew, Dennis Brutus, Lenrie Peters and Joseph Kariuki. This is poetry which is written by people we normally refer to as modem and who may be thought of as belonging to the third phase. The characteristics of this poetry are its competent and articulate use of the received European language, its unforced grasp of Africa’s physical, cultural and socio-political environment and often its lyricism. To distinguish this type of poetry we have to refer back to the concept of appropriation we introduced earlier. At the simplest and basic level, the cultural mandate of possessing a people’s piece of the earth involves a mental and emotional homecoming within the physical environment. Poems like Brew’s ‘‘Dry season”, Okara’s “Call of the River Nun”, Nicol’s “The meaning of Africa” and Soyinka’s “Season”, to give a few examples,
Post a Comment
Read more

The pioneering phase of African Poetry

The pioneering phase We have called the first phase that of the pioneers. But since the phrase “pioneer poets” has often been used of writers of English expression like Osadebay, Casely-Hayford and Dei-Anag, we should point out that our “pioneer phase” also includes Negritude poets of French expression. The poetry of this phase is that of writers in “exile” keenly aware of being colonials, whose identity was under siege. It is a poetry of protest against exploitation and racial discrimination, of agitation for political independence, of nostalgic evocation of Africa’s past and visions of her future. However, although these were themes common to poets of both English and French expression, the obvious differences between the Francophone poets and the Anglophone writers of the 1930s and 1940s have been generally noted. Because of the intensity with which they felt their physical exile from Africa, coupled with their exposure to the experimental contemporary modes of writing in F
Post a Comment
Read more