WAAS West Africa Automotive Show Lagos

WAAS West Africa Automotive Show Lagos

West Africa’s largest Automotive and Spare Parts Exhibition

West Africa Automotive Show is the largest automotive and spare parts exhibition to take place in sub-Saharan Africa, with over 150 local and international exhibitors showcasing thousands of products to the 4,000+ industry professionals in attendance. The business-to-business event allows the industry leading companies to network, form partnerships and source distributors for their products. The exhibition will be showcasing products including oils, tyres, accessories, body repairs, lubricants, mirrors, etc. from an array of exhibitors from across the globe, such as UK, UAE, Turkey, Egypt, Poland, India, Pakistan, USA, France, Ghana and many more. The exhibition will be taking place at the Landmark Centre, VI, Lagos, Nigeria.

The WAAS West Africa Automotive Show will take place on 3 days from Tuesday, 16. May to Thursday, 18. May 2023 in Lagos.

Car and Maintenance Celje

Car and Maintenance Celje

Fair for car repairs and the car industry

Car Maintenance & Fair in Celje is a two-yearly trade fair for car repairs, maintenance and for the entire automotive industry. It is aimed at mechanics, repairers, refinishers and also to professionals and lay people from the industry. Visitors can find in depth and comprehensive information here about the latest developments, trends, products and services in various fields.

The Car and Maintenance will take place on 4 days from Thursday, 18. May to Sunday, 21. May 2023 in Celje.

Nigeria Poultry & Livestock Expo – NIPOLI Expo Ibadan

Nigeria Poultry & Livestock Expo – NIPOLI Expo Ibadan

The Largest Sourcing Platform for Poultry and Livestock Products and Services in West Africa

With around 150 exhibitors, Nigeria Poultry Expo – NIPOLI Expo integrates new product display, technical exchanges and trade talks together. NIPOLI serves as West Africa’s largest one-stop platform with the most active transactions for poultry and livestock B2B trade, exchange and cooperation involved in poultry and livestock feed, veterinary medicine, equipment, logistics, consultancy, laboratories and supportive services. It opens a door for Nigeria and other West African countries Poultry and Livestock enterprises to march into the international market and is the annual get-together for global poultry and livestock business performers.

The Nigeria Poultry & Livestock Expo – NIPOLI Expo will take place on 3 days from Tuesday, 16. May to Thursday, 18. May 2023 in Ibadan.

€460 million in FDI expected this year

€460 million in FDI expected this year

Spirit Slovenia, the national business development agency, has been around in its current form for ten years. One of its main tasks is to attract foreign direct investment. Its director Rok Capl says it was successful in that last year despite a challenging international environment.

“We managed to get 30 new potential greenfield investors last year. We detected 18 new business-expansion investment projects in companies with foreign capital that are already present in Slovenia,” he says.

Three greenfield projects – a type of foreign direct investment in which a company creates a subsidiary in a different country and builds its operations from the ground up – were recorded and 13 business-expansion projects were confirmed, of which several are still in the decision-making phase.

The estimated value of the newly confirmed investments (greenfield and expansions) is €460 million, which includes the recently announced investment of pharma company Lek in Lendava. Together, these investments are expected to create over 1,100 jobs, according to Capl.

These figures are estimates since companies often do not reveal all investment data, preferring to keep them a trade secret.

“Lately we have been noticing that expansions are less about adding jobs and more automation and productivity improvements. It is a trend that is largely the consequence of the unavailability of skilled labour,” Capl says.

Favourable FDI trends

Overall, Capl says the trends regarding foreign direct investment have been favourable over the past decade. Most of the demand is coming from the EU, in particular markets which know Slovenia and the benefits of its investment environment well. The trend has been stable and shows that investors see Slovenia as a suitable location for their investment projects.

“Since 2016, Austria, Luxembourg and Switzerland have retained their places as the biggest investors. Germany was in fourth place until 2020, but it was taken over in 2021 by Croatia, which increased the value of investments by €706 million over the year before. This is the biggest increase in nominal terms any country has ever recorded in a single year,” Capl notes.

Helping Slovenian companies a major task as well

Another major area that Spirit works on is helping Slovenian companies in their forays to foreign markets. The national internationalisation strategy designates markets within a 2,000-kilometre radius as the priority. These include Germany, Croatia, Austria, France and Poland, which together account for significantly more than half of all Slovenian exports.

While focusing on markets in closer proximity, Slovenia has recently also been eyeing markets further afield such as the United States, the Middle East and Japan. Accordingly, Spirit will organise presentations and business meetings in these markets, says Capl.

As part of these efforts, Spirit leads Slovenia’s presentations at world Expositions. The last Expo, in Dubai, was the largest presentation of Slovenia and its economy to date; its pavilion attracted nearly a million visitors, more than 200 events were organised, and over 600 companies participated in 34 business delegations.

“The successful presentation is already producing results in the form of Slovenian companies’ cooperation with companies from the Middle East and the far East,” Capl says.

Aid disbursement during crisis

During the current energy crisis Spirit was also tasked with disbursing some of the state aid. Last year alone it allocated €39 million, which Capl says helped many companies survive the crisis.

The agency has also started implementing measures in the framework of the national Recovery and Resilience Plan, so far concluding agreements worth €118 million and paying out nearly €4 million so far.

Additionally, over €188 million in incentives are currently available for the transition to a circular economy, R&D projects, pilot demo projects and investment projects.

Nigeria’s GDP rose by 3.52% in Q4 2022- NBS

The National Bureau of Statistics (NBS) said on Friday that Nigeria’s Gross Domestic Product (GDP) rose by 3.52 percent in the fourth quarter of last year.

The NBS stated this in the Nigerian Gross Domestic Product Report Q4 2022 released in Abuja.

This, according to the report, followed GDP growth of 2.25 percent and 3.98 percent recorded in the third and fourth quarters of 2021 respectively.

The NBS the GDP performance in the fourth quarter of 2022 was driven mainly by the services sector, which recorded a growth of 5.69 percent and contributed 56.27 percent to the aggregate GDP.

The agency said: “Although the agriculture sector grew by 2.05 percent in the fourth quarter, its performance was significantly hampered by severe incidences of flood experienced across the country.

“This accounted for lesser growth relative to the fourth quarter of 2021 which was 3.58 percent.

“The Industry sector was also challenged recording -0.94 percent growth and contributing less to the aggregate GDP relative to Q3 2022 and Q4 2021.

“Overall, the annual GDP growth rate in 2022 stood at 3.10 percent from the 3.40 percent reported in 2021.

“Thus, the performance of agriculture and industry reduced in 2022 relative to 2021, while the performance of the services sector improved in 2022.

“In Q4 of 2022, aggregate GDP stood at N56, 757,889.95 million in nominal terms

“This performance is higher when compared to the fourth quarter of 2021 which recorded aggregate GDP of N49,276,018.23 million, indicating a year-on-year nominal growth of 15.18 percent.’’

By Ripples Nigeria

Network of Slovenian business clubs abroad expanding

Network of Slovenian business clubs abroad expanding

The network of Slovenian business clubs operating abroad is expanding and already covers virtually the whole world, including distant markets such as South America and Africa. This is good news for Slovenian companies interested in foreign markets.

The clubs’ strong support and proactive role is especially important in the current challenging economic situation, director of the Spirit investment promotion agency Rok Capl said at a meeting of the Slovenian clubs held on the sidelines of the the Nordic World Ski Championships in Kranjska Gora on 24 February.

Saša Leban, who is in charge of business affairs at the Prime Minister’s Office, said Slovenian clubs offered good support to Slovenian businesses abroad. “With the support of Spirit, they are becoming better known, more proactive, and important in the countries where they operate so they can be very helpful to Slovenian companies.”

Representatives of 17 business clubs presented their projects and opportunities on the markets where they operate. They stressed that companies should prepare well for entry into a new market and should not underestimate the costs of the entry.

The meeting concluded with one-on-one talks between companies and clubs from Austria, Belgium, Brazil, France, Croatia, Italy, Canada, Kosovo, Nigeria, Germany, Poland, the Netherlands, Slovakia, Serbia, Ivory Coast, Tunisia, Zambia and the US.

Spirit Slovenija has been providing funding to business clubs since 2008. This year, it has allocated EUR 450,000 for this purpose with a call for applications still open. Last year, the agency distributed EUR 450,000 among 15 business clubs.