Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Nigeria’s NASENI secures $2 billion for new projects with China firms

  • China’s President Xi Jinping pledged to increase investment in Nigeria’s power generation sector and its digital economy.
  • Shanghai Launch Automotive Technical Co LTS, signed a Memorandum of Understanding to promote the region’s energy production.
  • Since 1992, NASENI has dedicated its funding, time, and efforts to developing Nigeria’s technical developments.

Africa’s digital transformation has caught the eye of many investors, aspiring to profit from its rapid growth. Over the years, Africa’s fintech, e-commerce, and mobile industry has significantly grown, showcasing the continent’s untapped potential. Unfortunately, despite the valid efforts of several governments, Africa’s progress is currently experiencing difficulties.

Unstable economies, tanking currencies, corruption, and insufficient funding have hindered progress for some time. In recent news, Nigeria’s National Agency for Science and Engineering Infrastructure (NASENI) has partnered with three Chinese firms to improve the country’s digital and power economy. According to the announcement, the latest Memorandum of Understanding will significantly propel Africa-China

The post Nigeria’s Naseni Secures $2 billion for new projects with China firms appeared first on The Exchange.



This post first appeared on The Exchange: Business News Today | Investment News Africa, please read the originial post: here

Share the post

Nigeria’s NASENI secures $2 billion for new projects with China firms

×

Subscribe to The Exchange: Business News Today | Investment News Africa

Get updates delivered right to your inbox!

Thank you for your subscription

×