FG REAFFIRMS COMMITMENT TO OPERATIONALIZE SOKOTO HAJJ AIRPORT AHEAD OF 2026 PILGRIMAGE. (PHOTO).

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 FG Reaffirms Commitment To Operationalize Sokoto Hajj Airport Ahead Of 2026 Pilgrimage The Federal Ministry of Aviation and Aerospace Development announced that the Sokoto State Hajj Airport is set to become operational ahead of the 2026 Hajj pilgrimage. The Minister of Aviation and Eerospace Festus Keyamo reaffirmed this commitment during a meeting with Sokoto State Governor Dr. Ahmed Aliyu. Keyamo highlighted Sokoto's importance for Hajj operations and assured that relevant agencies are working to meet necessary infrastructure and operational requirements. He directed officials to identify and address potential bottlenecks. Governor Aliyu says the airport project is 90% completed and funded by the state government with five aircraft being acquired. He appealed for expedited approvals to operationalize the airport for the 2026 Hajj. The Ministry remains committed to enhancing aviation infrastructure under President Bola Ahmed Tinubu's Renewed Hope Agenda. One more photo below...
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SWISS CEMENT MAKER HOLCIM EXITS NIGERIA, SELLS BUSINESS TO CHINESE FIRM. (PHOTO).

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 Swiss cement maker Holcim exits Nigeria, sells business to Chinese firm


Swiss cement maker Holcim will exit its Nigerian business through the sale of its nearly 84% stake in Lafarge Africa to China’s Huaxin Cement, it was announced on Sunday.


The sale price is $1 billion for a 100% stake.


The sale aligns with Holcim’s strategy to streamline its portfolio and focus on high-growth regions, including the upcoming spin-off of its North American business, which remains on track for a U.S. listing in the first half of 2025.


The transaction is expected to close in 2025, subject to regulatory approval, according to Holcim’s statement, which did not provide further details on the reason for this specific sale.


In November 2023, Holcim said it had signed deals to sell its businesses in Uganda and Tanzania, further advancing its strategy to consolidate leadership in core markets as the global leader in innovative and sustainable building solutions.


According to Reuters, The deal marks the latest in a series of African acquisitions by Huaxin Cement. In 2021, Huaxin Cement announced it had agreed to buy two businesses that were part of Lafarge, which merged with Holcim in 2015: a 75% stake in Lafarge Zambia and all of Lafarge Cement Malawi.

Last year, it also announced the purchase of South Africa’s Natal Portland Cement Company.


Holcim has been focusing on sustainable growth in its core markets, higher-margin products, and strategic infrastructure investments. The company is also working to enhance its environmental credentials, having taken a stake in Sublime Systems, a U.S. tech start-up focused on low-carbon cement.


In October, Holcim reported a slightly better-than-expected recurring operating profit of 1.67 billion Swiss francs ($1.90 billion) for the third quarter.

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