• Hot Source
• Hot News
• September 4, 2025
• 26 views

Obasanjo Lauds Oramah As Intra-African Trade Begins in Algiers

Obasanjo Lauds Oramah As Intra-African Trade Begins in Algiers

Bolaji Adebiyi, in Algiers

Former president of Nigeria, Chief Olusegun Obasanjo, on Thursday praised the outgoing President of the Africa Export-Import Bank, Prof. Benedict Oramah, as the 4th edition of the Intra-African Trade Fair commenced in Algiers, the capital city of Algeria.

Obasanjo stated that Oramah’s 10 years at the helm of the continental bank were exceptional and immeasurable, emphasising that he is a visionary who keeps his promises.

“He shows audacity of courage, vision, hope, persistence and performance,” the former president said, adding: “He promises solutions for his country, the continent of Africa, global Africa, and he actualises those promises.”

He said the bank’s boss was an outstanding intellectual, whom his peers hold in high esteem for his foresight, courage and achievements.

“Oramah opens difficult doors and walks through them himself before handing the keys of Africa’s Economic Freedom to the next generation,” Obasanjo stated, celebrating Oramah as “a great son of Africa, a go-getter, an achiever and a true transformation leader”.

The former president, who is also the chairman of the IATF 2025 Advisory Board, stated that the trade fair had emerged as the most important trade and investment gathering on the continent, explaining that it is more than just an event but a symbol of Africa’s economic awakening, where the power of trade and investment unites Africans across regions of the continent and energises the ambition of the AfCFTA.

He stated that over the past eight years, across multiple editions, IATF has demonstrated the power to connect buyers, sellers, investors, innovators and governments from every corner of Africa and now the global African continent. 

He explained that the IATF had become the engine driving trade expansion and investment flows, and emphasised that the previous three editions had generated combined trade and investment deals of more than $ 120 billion. 

Obasanjo noted that the Algiers fair was the largest, with 48 African countries participating in exhibitions.

The advisory board chairman emphasised the transformative significance of the fair and mentioned the $2.9 billion Julius Nyerere Hydropower Project (Rufiji Dam), one of Africa’s largest energy infrastructure projects, which was approved by the Tanzanian government and Egyptian contractors in 2018 at the Cairo Fair.

According to him, the project executed solely by African contractors, a joint venture between Arab Contractors and Elsewedy Electric, and designed to deliver 2,115 MW of clean power and generate more than 6,000 GWh annually for over 60 million Tanzanians, was an outstanding testimony to the strength of intra-African trade.  

Organised by the Afreximbank in collaboration with the African Union Commission and the AfCFTA Secretariat, the IATF is expected to attract $44 billion in trade and investment deals, over 35,000 conference delegates, including trade visitors and media, 75 exhibiting countries, and 2,000 exhibitors. 

The fair closes on Wednesday, September 10th 2025.

The post Obasanjo Lauds Oramah As Intra-African Trade Begins in Algiers appeared first on THISDAYLIVE.

​  

Bolaji Adebiyi, in Algiers Former president of Nigeria, Chief Olusegun Obasanjo, on Thursday praised the outgoing President of the Africa Export-Import Bank, Prof. Benedict Oramah, as the 4th edition of
The post Obasanjo Lauds Oramah As Intra-African Trade Begins in Algiers appeared first on THISDAYLIVE.

• Hot Source
• Hot News
• September 4, 2025
• 29 views

Tinubu Begins 10-day Working Leave In Europe 

Tinubu Begins 10-day Working Leave In Europe 

* Departs Abuja for France, UK

Deji Elumoye in Abuja 

President Bola Tinubu will depart the nation’s capital, Abuja on Thursday, September 4, to commence a working vacation in Europe, as part of his 2025 annual leave.

The vacation, according to a release issued by presidential spokesperson, Bayo Onanuga, will last 10 working days.

President Tinubu will spend the period between France and the UK and then return to Nigeria.

The post Tinubu Begins 10-day Working Leave In Europe  appeared first on THISDAYLIVE.

​  

* Departs Abuja for France, UK Deji Elumoye in Abuja  President Bola Tinubu will depart the nation’s capital, Abuja on Thursday, September 4, to commence a working vacation in Europe,
The post Tinubu Begins 10-day Working Leave In Europe  appeared first on THISDAYLIVE.

• Hot Source
• Hot News
• September 4, 2025
• 26 views

Again, NAHCO Launches, Deploys Multi-million Dollar Equipment to Boost Operations

Again, NAHCO Launches, Deploys Multi-million Dollar Equipment to Boost Operations

• Company chair speaks on significance of the equipment

The Nigerian Aviation Handling Company Plc, (nahco aviance) on Tuesday inaugurated and deployed, yet again, another batch of multi-million-dollar ground support equipment (GSE) to enhance its operations countrywide.

At the event, the Chairman of the Board of Directors of the Company, Dr. Seinde Oladapo Fadeni, reiterated the plan of the Board to ensure that the company boasts of more than adequate equipment by year end 2026.

Fadeni disclosed that the process for acquiring the new equipment started last year, but the company had to endure delivery delays while the manufacturer finishes producing and shipping to Nigeria.

“The essence of these equipment is not just for the company alone or for the customers, it is also to make life easier for the workers. I can confirm to you that we have a lot in our cap, and we’re bringing them out one by one,” he stated.
The Chief Operating Officer of the Company, Mr. Didier Stuellet, commended the board chairman for investing heavily in equipment for the company.

“It’s a huge investment. We’re talking about millions, not in naira, but in dollars, and so this is always difficult for the owners of a company like this to take a decision like this; to take the best decision. This is the best decision for NAHCO,” the COO said.

He also explained that it’s also a clear message that the Company will make complete re-fleeting of equipment happen in the long term, adding that NAHCO is more than halfway into that process.
“We still have some equipment coming in the coming months, years” he declared.

The Head, GSE, Mr. Charles Karinga, noted that the acquisition of nine brand new high loaders by NAHCO was a huge one in the history of Nigerian aviation and that not many ground handling service providers in the region could acquire so many equipment at the same time.
He described a high loader as a ground support equipment, equipped with a high-reach lift mechanism to load or unload items, cargo, food, drinks, cleared for air transportation.

“Buying this number of high loaders at this same time is not something that is normally done by many handlers in this clime because they are very expensive. This is the first time this would be happening,” Karinga stated.

The GSE Manager also pointed out that the brand of the equipment deployed by the Company is one of the best in the industry and would serve the company and its airline clients for several years.

It would be recalled that at the launch of the GSE re-fleeting programme in 2024, Fadeni said, ““By 2026, we will have acquired all the necessary equipment to fully upgrade our fleet. This initial delivery marks the beginning of significant advancements for NAHCO and our operational practices. Despite unforeseen delays from manufacturers and port authorities, we have now initiated a consistent delivery schedule. This milestone signals the start of numerous positive transformations across various aspects of our business, including our workforce, facilities, and equipment.”

Since then, the company had taken delivery of new ground support equipment every quarter.

The post Again, NAHCO Launches, Deploys Multi-million Dollar Equipment to Boost Operations appeared first on THISDAYLIVE.

​  

• Company chair speaks on significance of the equipment The Nigerian Aviation Handling Company Plc, (nahco aviance) on Tuesday inaugurated and deployed, yet again, another batch of multi-million-dollar ground support
The post Again, NAHCO Launches, Deploys Multi-million Dollar Equipment to Boost Operations appeared first on THISDAYLIVE.