Category: Business

Global Wood & Wood Products Market hits $962 Billion

….As Innovation in Smart Manufacturing and Material Surges The global woodworking industry is entering a new era of transformation, driven by rapid advances in artificial intelligence, robotics, and advanced material innovation; technologies that are redefining how wood products are designed, processed, and delivered at scale,according to a recent official statement issued in Dubai,by the event organizer,Strategic Marketing & Exhibitions. This transformation the statement noted, is unfolding alongside strong market growth. The global woodworking machinery market projected to reach $6.1 billion by 2027 reflecting rising demand from construction, furniture, and industrial…

Dangote, Rabiu from Kano Top List of Africa’s Richest Men

Nigerian billionaires Aliko Dangote and Abdul Samad Rabiu, both from Kano State, have emerged among Africa’s richest individuals, according to the latest Bloomberg Billionaires Index ranking seen by Daily Trust. ‎ ‎The Bloomberg ranking, which is updated daily to reflect real-time movements in global wealth, showed Dangote retaining his position as Africa’s richest man with a net worth of $34.9 billion, while Rabiu climbed to become Africa’s third-richest billionaire with an estimated fortune of $18.5 billion. ‎ ‎South African luxury goods magnate Johann Rupert ranked as Africa’s second-richest person with…

It costs more to ship from Lagos port to Accra than from Spain to Lagos – Dangote

Africa’s richest man, Aliko Dangote, has said it is often more expensive to ship goods from Lagos to Accra than from Spain to Nigeria. Aliko Dangote says that shipping within Africa, such as from Lagos to Accra, is often more expensive than shipping from Europe to Africa. He points to structural barriers like weak transport systems and fragmented trade corridors as obstacles to intra-African commerce and economic integration. His Dangote Group operates in 17 African countries, dominating cement production and expanding with significant investments in cement, oil refining, and fertiliser…