Category: Business - Page 2

• SIYABONGA SOKHELA
• 18

Africa's richest man, Aliko Dangote, has decided to cancel his plans to invest in a new steel plant in Nigeria following accusations of monopolistic practices by the Nigerian government. Dangote refutes these allegations, maintaining that his company does not aim to monopolize the steel industry.

• SIYABONGA SOKHELA
• 18

Nick Imudia, previously the CEO of Konga and at the time of his death the CEO of D.light, has died by suicide. Imudia took his own life by jumping from a storey building on June 25. The Lagos police command is investigating, with the SCID heading the case. Imudia's career included positions at TCL/Alcatel and Microsoft Device and Services. Condolences have been expressed by several industry leaders.

• SIYABONGA SOKHELA
• 13

In a strategic move, Volvo Car is relocating its electric vehicle production from China to Belgium to avoid potential European Union tariffs on imports subsidized by Beijing. This shift comes as the EU investigates whether Chinese-made EVs are receiving unfair government support, which could lead to extra duties.