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Old September 11th, 2019, 11:32 AM   #27181
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In Tunisia, the evidence on the manufacturing output is striking. +3.6% on annual average from 2001 to 2010, then +0.4% per year in the last decade. 2019H1 was again quite negative (industrial recession). It's time to reignite growth in Tunisia.

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Old September 11th, 2019, 12:53 PM   #27182
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Nigeria needs SA far more than SA needs Nigeria. SA imports billions of dollars of Nigerian oil every year and built almost all the telecommunications and retail infrastructure in the country. Nigeria has a huge trade surplus with SA.

What benefit has SA ever received from Nigeria apart from threats of expropriation of its assets and a steady stream of criminals and dubious busineessmen? What Nigerian companies are investing and doing business in SA? Nigerians benefit far more from MTN Nigeria and Shoprite Nigeria than South Africans do.
South African businesses in Nigeria are in fact "service exports".....and they indeed remit billions back to South Africa.... Far more than whatever oil Nigeria exports to SA. You built no telecoms or retail infrastructure.

What South Africa has ever benefited from Nigeria? I don't expect you to acknowledge any....since it was your people that Nigeria actively fought against during apartheid. Furthermore...Ask your South African companies in South Africa. They'd tell you. With 30% unemployment, they'd still source personnel all the way from "criminal and dubious" Nigeria to work for them, even at C-level.

Finally, there are in fact quite a number of Nigerian companies in South Africa. You don't even have that much population to make your country a major market for them; you can block them from your country....they wouldn't even feel your absence from their portfolio.

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Its a tough issue for people to face up to. And you will hear Nigerians here who have never been to SA try and deny its an issue.
I have been to South Africa zillion times, before I made a conscious decision not to visit anymore after my 2018 visit.

My visit to the country has always been pleasant. I haven't been attacked and people generally treat me very good when they hear that I am Nigerian. But I am not going to blind my eyes to the fact that, behind the smiles, they are all savages who are ever ready to burn foreigners for the silliest excuses.

When the chips are down, even South Africans themselves realize that their own people are by far the biggest percentage of the criminal elements and drug peddlers in their country. Foreigners are but a tiny number, and they are in fact enabled by the criminal locals.
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Old September 11th, 2019, 01:01 PM   #27183
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MTN Investment in Nigeria Hits N2trn ($5.6 billion)

MTN Nigeria Communications Plc has invested more than N2 trillion in its business operations over the past 18 years.

The market value of MTN Nigeria closed at the weekend at N2.585 trillion.

MTN Nigeria, in a regulatory filing at the Nigerian Stock Exchange (NSE) at the weekend, indicated that it has invested more than N2 trillion since incorporation in 2001.

MTN Nigeria reiterated its commitments to the Nigerian economy, noting that it had paid more than N1.7 trillion ($4.7 billion) in taxes, levies and other regulatory fees in its nearly two decades of existence.

The market value of MTN Nigeria dropped by 1.59 per cent to close weekend at N2.585 trillion.

http://www.msn.com/en-xl/africa/nige...trn/ar-AAFmbUm
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Old September 11th, 2019, 01:15 PM   #27184
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Nigeria needs SA far more than SA needs Nigeria. SA imports billions of dollars of Nigerian oil every year and built almost all the telecommunications and retail infrastructure in the country. Nigeria has a huge trade surplus with SA.

What benefit has SA ever received from Nigeria apart from threats of expropriation of its assets and a steady stream of criminals and dubious busineessmen? What Nigerian companies are investing and doing business in SA? Nigerians benefit far more from MTN Nigeria and Shoprite Nigeria than South Africans do.
You’re just trolling. Before MTN and econet, there was nitel. The telecommunications system wasn’t built by mtn. 14 shoprite stores in a handful of states is building the retail infrastructure ? Lol ok
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Old September 11th, 2019, 01:21 PM   #27185
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Xenophobia: Nigeria to evacuate 640 citizens from South Africa

The latest wave of xenophobic violence and attacks in South Africa has resulted in a growing exodus of Nigerians.

Around 600 Nigerians are due to be repatriated to Nigeria in the coming days, Nigeria’s consul general in Johannesburg has confirmed. The first batch of 320 returnees are scheduled to arrive Nigeria tomorrow with additional flights expected to follow immediately. Logistics for the evacuation will be provided by Air Peace, a Nigerian airline which has offered to airlift Nigerians.

Despite high-level discussions between governments of Nigeria and South Africa last week, xenophobia-fueled protests targeting foreign-owned businesses have continued in Johannesburg, suggesting foreigners are still at risk. The police confirmed 12 people have been killed and 639 people had been arrested as of Monday after the latest wave of attacks as dozens of foreign-owned businesses are looted and destroyed.

At least eight of those killed have been confirmed to be South Africans and four others are believed to be foreign nationals. As of press time no Nigerian had been confirmed among those killed. But with the threat of violence lingering and a widespread belief shared among local WhatsApp users, it is likely more people could choose to be repatriated.

South Africa has faced widespread criticism for its latest outbreak of xenophobia or “Afrophobia” attacks as official responses included Nigeria boycotting the World Economic Forum Africa hosted in Cape Town last week, while Zambia and Madagascar also cancelled planned soccer games with South Africa’s national team.

source
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Old September 11th, 2019, 01:23 PM   #27186
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MTN Investment in Nigeria Hits N2trn ($5.6 billion)
Such a ridiculous amount for 18 years. Remind me again, how much MTN remitted to South Africa in that same 18 years.
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Old September 11th, 2019, 01:58 PM   #27187
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Doublestar to build tire plant in Algeria

Written by Jane Ho, ERJ China correspondent

Qingdao, Shandong – Doublestar is planning to build a new plant in Algeria with 2 million unit annual capacity for truck and bus tires and 5 million unit for passenger car tires.

Subsidiary Hong Kong Doublestar International signed an agreement earlier this year with Algeria’s Sarl El Hadj Larbi Pneumatiques to set up a joint venture for the project, the Chinese tire maker announced in its first half results statement.

Doublestar will invest $5 million (€4.5 million) in the project, while the Algerian firm will inject €222…
https://www.european-rubber-journal....ction-factory/
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Old September 11th, 2019, 02:00 PM   #27188
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Algeria, & then the world: Iris Tyres brings ‘competitive’ range to market



Algeria is once again a tyre-making country. Some six years after Michelin closed its plant in Algeria, Iris Tyres has brought the country back into the game with a new plant equipped with state-of-the-art machinery. The first products in an extensive range of tyres went on sale in July, and plans are in place to extend the product portfolio over the next couple of years.
https://www.tyrepress.com/2019/09/al...nge-to-market/
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Old September 11th, 2019, 02:12 PM   #27189
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Originally Posted by ILoveAbuja View Post
Such a ridiculous amount for 18 years. Remind me again, how much MTN remitted to South Africa in that same 18 years.
You do realize Nigeria gets on average around $1 billion in FDI annually. Investment by MTN alone is equal to around 6 years of average FDI for Nigeria.

So yes, South African companies are building Nigeria.



https://www.proshareng.com/news/Nige...vestment/39477
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Old September 11th, 2019, 02:22 PM   #27190
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Honeywell Oleflex technology selected for propylene production in Algeria

Sonatrach Total Entreprise Polymères (STEP) has selected Honeywell UOP’s C3 Oleflex technology to produce 565,000 mt per year of polymer-grade propylene for a proposed plant in Arzew, Algeria

In addition to technology licensing, Honeywell is providing the basic engineering design, services, equipment, catalysts and adsorbents for the plant. When completed, it will represent UOP’s second C3 Oleflex unit in North Africa, following an earlier award in Egypt.

“The Oleflex technology will enable STEP to convert domestically produced propane into propylene, a primary component in a wide variety of plastic products rapidly growing in demand in the region,” said Bryan Glover, vice-president and general manager of Honeywell UOP’s Petrochemicals & Refining Technologies business. “STEP will further convert the propylene into polypropylene plastic to supply customers in Algeria, along the Mediterranean, and in other markets like Europe.”

Honeywell UOP’s C3 Oleflex technology uses catalytic dehydrogenation to convert propane to propylene and is designed to have a lower cash cost of production and a higher return on investment compared to competing for dehydrogenation technologies. Its low-energy consumption, low-emissions and fully recyclable, platinum-alumina-based catalyst system helps minimise its impact on the environment. The independent reactor and regeneration design of the Oleflex technology helps maximize operating flexibility and onstream reliability. Oleflex technology has been selected for 63 out of 84 dehydrogenation projects globally since 2011, including propane (C3), isobutane (iC4) and mixed C3/ iC4 service.

In 2018, Honeywell announced that Sonatrach will use technologies from Honeywell UOP to produce cleaner-burning transportation fuels at its Skikda Refinery on the eastern Mediterranean coast of Algeria. Sonatrach will use UOP technologies, including C4 Oleflex, at its Arzew facility to produce 200,000 mt per year of methyl tert-butyl ether (MTBE), a high-octane gasoline additive that reduces emissions in automobile exhaust.

Sonatrach Total Entreprise Polymères (STEP) is a joint venture between Algeria’s State Oil Company Sonatrach S.p.A. (51 per cent) and France’s Total S.A. (49 per cent). The STEP joint venture was created in 2018 to carry out the joint petrochemical project in Arzew.
http://www.oilreviewmiddleeast.com/i...ion-in-algeria
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Old September 11th, 2019, 02:25 PM   #27191
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Answer what you were asked. How much is MTN remitting to South Africa? Let's juxtapose that amount with their supposed "investment".
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Old September 11th, 2019, 02:26 PM   #27192
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Originally Posted by NicSA View Post
You do realize Nigeria gets on average around $1 billion in FDI annually. Investment by MTN alone is equal to around 6 years of average FDI for Nigeria.

So yes, South African companies are building Nigeria.



https://www.proshareng.com/news/Nige...vestment/39477
you and your delusions. You mean nigeria got $1bn in fdi last couple years right ? Your own graph shows a larger average fdi receipt. But Why not build up sa and create jobs for your people ?
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Old September 11th, 2019, 02:36 PM   #27193
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And FDIs do not "build countries" dumbo.

Also, contributing 200 million (a tiny amount of your overall yearly profit in the same country) to 3 billion FDI is not "building the country". You are rather making money. Lots of it!

If MTN thought it was doing Nigeria a favour, it would have pulled out a long time ago (and several local companies are definitely in line to gladly take it's place). But all it does is whine and nag, while trying to defraud the country of more money, despite its huge profits.
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Old September 11th, 2019, 02:47 PM   #27194
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Originally Posted by NicSA View Post
Nigeria needs SA far more than SA needs Nigeria. SA imports billions of dollars of Nigerian oil every year and built almost all the telecommunications and retail infrastructure in the country. Nigeria has a huge trade surplus with SA.

What benefit has SA ever received from Nigeria apart from threats of expropriation of its assets and a steady stream of criminals and dubious busineessmen? What Nigerian companies are investing and doing business in SA? Nigerians benefit far more from MTN Nigeria and Shoprite Nigeria than South Africans do.


Below is a list showcasing 15 of Nigeria’s top trading partners, countries that imported the most Nigerian shipments by dollar value during 2018. Also shown is each import country’s percentage consumption of total Nigerian exports.

Below is a list showcasing 15 of Nigeria’s top trading partners, countries that imported the most Nigerian shipments by dollar value during 2018. Also shown is each import country’s percentage consumption of total Nigerian exports.

India: US$8.4 billion (15.9% of total Nigerian exports)
Netherlands: $5.7 billion (10.7%)
Spain: $5.4 billion (10.1%)
France: $4.2 billion (7.9%)
South Africa: $3.4 billion (6.4%)
United States: $3.2 billion (6.1%)
Indonesia: $2.2 billion (4.2%)
Sweden: $2 billion (3.8%)
United Kingdom: $1.9 billion (3.6%)
Brazil: $1.7 billion (3.2%)
Italy: $1.6 billion (3%)
Canada: $1.5 billion (2.8%)
Côte d’Ivoire: $1.15 billion (2.2%)
Germany: $1.12 billion (2.1%)
Togo: $936.5 million (1.8%)

NIGERIA has nothing to lose if she breaks ties with SA. even when USA IN 2014 and 2015 refused to buy nigeria oil during OBAMA,NIGERIA went else where and INDIA filled in the gab. just go that is what Nigerians even want. we don´t need you at all. Nigerians are creative enough to replace you in a far better way within months. BUT WHO WILL FILL IN MTN GAB THAT WILL BE LEFT BEHIND IF THEY MUST LEAVE NIGERIA? no countriy in Africa can do that. NIGERIA have GLOBAL COM, 9MOBILE, AIRTEL to fill in the gab for mtn
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Old September 11th, 2019, 02:51 PM   #27195
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you and your delusions. You mean nigeria got $1bn in fdi last couple years right ? Your own graph shows a larger average fdi receipt. But Why not build up sa and create jobs for your people ?
South Africa itself gets around $1 billion FDI...he's probably trying to draw Nigeria to that figure. He wants to tell us that MTN is pulling funds from South Africa to "build Nigeria".... .... Why not build your country first and let these savages have less reasons to attack foreigners? sick!
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Old September 11th, 2019, 03:17 PM   #27196
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Originally Posted by NicSA View Post
Nigeria needs SA far more than SA needs Nigeria. SA imports billions of dollars of Nigerian oil every year and built almost all the telecommunications and retail infrastructure in the country. Nigeria has a huge trade surplus with SA.

What benefit has SA ever received from Nigeria apart from threats of expropriation of its assets and a steady stream of criminals and dubious busineessmen? What Nigerian companies are investing and doing business in SA? Nigerians benefit far more from MTN Nigeria and Shoprite Nigeria than South Africans do.
Where on earth do South Africans get the idea that their Commercial ventures in Nigeria are acts of charity? Billions of dollars in profits by MTN and Shoprite in NG are indications of the generosity of South Africa?
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Old September 11th, 2019, 03:25 PM   #27197
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Annual Foreign Direct Investment by Country



UN World Investment Report 2018.
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Old September 11th, 2019, 03:27 PM   #27198
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nice one bro
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Old September 11th, 2019, 04:52 PM   #27199
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In Tunisia, the evidence on the manufacturing output is striking. +3.6% on annual average from 2001 to 2010, then +0.4% per year in the last decade. 2019H1 was again quite negative (industrial recession). It's time to reignite growth in Tunisia.





Its not just infrastructure and education

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Old September 11th, 2019, 04:54 PM   #27200
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A South African company just created Europe's biggest consumer tech group



Europe has a new tech giant.



Naspers (NAPRF), the South African company that hit the jackpot with an early investment in Tencent (TCEHY), is spinning out its 31% stake in the Chinese internet group via the listing of a new company on Amsterdam's stock exchange.



Called Prosus, the company will have a market value of at least €95 billion ($105 billion) when it lists on Wednesday, making it the largest consumer tech company in Europe. It's also the second largest tech company in the region after SAP in Germany. On Amsterdam's Euronext exchange, only Royal Dutch Shell (RDSA) and Unilever (UL) are worth more.



Naspers paid just $32 million back in 2001 for its stake in Tencent. That investment is now worth €118 billion ($130 billion). It's a return rivaled only by SoftBank's (SFTBY) $20 million punt on Alibaba (BABA) in 2000, which secured the Japanese company a stake that's worth $132 billion.



But the windfall gains have created a headache for Naspers. It now accounts for 25% of the combined value of the 40 biggest companies on the Johannesburg Stock Exchange — up from 5% just five years ago. That's forced investors to sell Naspers' shares so they're not overly exposed to a single stock. As a result, Naspers trades at a discount of about 30%-35% of the value of its assets, said Jean Pierre Verster, founder and CEO of Protea Capital Management.



That's where the move to Amsterdam should help. Following the Prosus listing, Naspers' weighting in Johannesburg's top 40 should fall to around 18%-19%, said Verster.



Prosus will also give funds restricted to investing in European-listed companies the opportunity to get exposure to China's internet sector for the first time, Verster added.



Tencent, which owns the WeChat messaging platform and a host of payment apps and mobile games, is one of China's largest technology groups. Naspers will continue to own at least 73% of Prosus, which also holds other technology assets such as stakes in restaurant app Delivery Hero, online classifieds business OLX Group and Russian internet company Mail.ru.



Naspers estimates that demand from passive investors for shares in Prosus could total as much as $3 billion, following the stock's inclusion in a number of large global indexes. Investment from actively managed European, growth and technology funds is expected to top that, Naspers CEO Bob van Dijk said in a video posted ahead of the listing.



https://edition.cnn.com/2019/09/11/t...sus/index.html


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