Day: June 21, 2024

Tanzania’s Foreign Ministry Launches the Construction of the Twin Towers in Kenya: Set to Redefine Nairobi’s Skyline

Mr Mohammed

The government of Tanzania has launched the construction of the Twin Towers in Kenya’s capital city,  Nairobi. This adds to Tanzania’s list of  real estate investment properties worldwide, as noted by the country’s foreign affairs minister, January Makamba. The monumental  real estate venture is expected between the National Social Security Fund (NSSF) in Kenya and Tanzania’s Ministry of Foreign Affairs. The project, once completed, is set to redefine  Nairobi’s skyline while consolidating Tanzania’s diplomatic presence in Kenya. Currently, Tanzania has no on-site embassy, hence the launch of the ambitious project. Furthermore, Tanzania’s government hopes that the project will be a…

‘Nigeria spends $600m annually on palm oil importation’

Mr Mohammed

The National Palm Produce Association of Nigeria (NPPAN) has revealed that Nigeria spends $600 million annually on  palm oil oil importation. This was stated by Mr Alphonsus Inyang, the National President of the association, in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. Inyang criticised these expenses as detrimental to national development, suggesting that the funds could be better utilised within the economy if the  palm oil oil sub-sector received adequate attention from successive governments He highlighted Nigeria’s historical self-sufficiency in palm oil production, contrasting it with the current situation where…

Entrepreneur Mahmoud Bartawi on cooking up a startup success

Mr Mohammed

Mahmoud Bartawi founded Under500, a brand that was ultimately acquired by dark kitchen outfit Kitopi after raising $700m from investors Emirati serial entrepreneur Mahmoud Bartawi knows a thing or two about starting and exiting a business. In 2016, Bartawi founded Under500, a brand that pioneered selling healthy meals consisting of less than 500 calories. Fast forward to 2021 and Under500 was acquired by dark kitchen outfit Kitopi after raising $700m through investors, including SoftBank’s Vision Fund 2. In a recent interview with Gulf Business, Bartawi gives some tips to budding…