• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, February 5, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Afreximbank commences construction of Africa Quality Assurance Centre in Nigeria

May 20, 2021
Stephen KotochiebyStephen Kotochie
in World, Africa
0
Liquid Intelligent

Professor Benedict Oramah, President of Afreximbank

African Export-Import Bank (Afreximbank) has announced the commencement of construction of the Africa Quality Assurance Centre (AQAC) in Ogun State, Nigeria.

According to Afreximbank, the center will be a state-of-the-art facility with the capacity to offer testing, certification, inspection, and training services covering agricultural products. It is the first in a series of Quality Assurance centers that the Bank seeks to establish across Africa.

With the purpose of propelling industrialization across the continent, the project will ensure that African products meet international standards. Thus, creating an enabling environment for them to participate in intra-African and global trade.

RelatedPosts

Blinken’s Cancelled Trip Downplayed By China

Blinken Postpones China Trip Over Mystery Flying Ballon

NATO Urges Russia To Respect Nuclear Treaty With The US

Especially, under the African Continental Free Trade Agreement (AfCFTA), first class quality infrastructure is always critical in facilitating trade.

Furthermore, construction of the AQAC commenced on 25th February 2021. The Centre will commence operations by Q2 2022. It will provide more than 400 jobs in the Ogun state. This includes approximately 180 in the highly skilled areas of quality assurance, testing, inspection, and certification.

Additionally, an on-site training academy will provide the public and private sectors with training in standards and quality assurance. Also, it will provide skills necessary for businesses to compete in regional and international markets.

Furthermore, the AQAC is strategically situated along the Lagos-Ibadan Expressway. The project site is 65km from Lagos, Nigeria’s main port city and commercial capital, and 75km from Ibadan.

 Importance of the Africa Quality Assurance Center

Prof. Benedict Oramah, President of Afreximbank, remarked: “African businesses are set for a major step-change as the African Continental Free Trade Agreement (AfCFTA) opens up new markets across the continent and the globe.

“To make their mark in countries around the world, African products must meet international standards. The AQAC will help deliver the highest quality African goods, strengthening their competitiveness and providing confidence to buyers.

“This is an important step, not only in underpinning the ‘Made-in-Africa’ brand, but as a driver for greater exports, increased manufacturing and more resilient economies across the continent.”

Prof. Benedict Oramah, President of Afreximbank

Moreover, Bureau Veritas, a world leader in testing, inspection, and certification, is Afreximbank’s technical partner on the project. It will manage and operate the facility, Afrexim Bank affirmed.

Also, the partnership will ensure that AQAC meets the ISO 17025 standard for testing and calibration laboratories. These are to ensure the credibility and reliability of the range of services provided. This includes physical and chemical testing, contaminant analysis, microbiological testing, water analysis, soil analysis, plant analysis and organic substrate analysis, among others.

Marc Roussel, Bureau Veritas Africa Senior Vice President, said: “We are very proud to be involved in this project and believe it can effectively shape trust between companies, public authorities and consumers.”

“The AQAC will help improve the quality of Nigerian agricultural and food products, providing a boost to businesses and ensuring the well-being of local consumers.

“At the same time, compliance with international standards will facilitate access to export markets. And thus, increase the economic activity and employment in Nigeria.”

Marc Roussel, Bureau Veritas Africa Senior Vice President

READ ALSO: BOG issues corporate governance directive for RCBs

Tags: AfreximbankafricaAfrica Quality Assurance CenterNigeriaQuality Assurance

Related Posts

Blinken’s Cancelled Trip Downplayed By China
Asia

Blinken’s Cancelled Trip Downplayed By China

February 4, 2023
Blinken Postpones China Trip Over Mystery Flying Ballon
USA

Blinken Postpones China Trip Over Mystery Flying Ballon

February 3, 2023
NATO Urges Russia To Respect Nuclear Treaty With The US
Europe

NATO Urges Russia To Respect Nuclear Treaty With The US

February 3, 2023
Cocoa Farmers in Côte d’Ivoire Get Electronic Cards to Track the Cocoa Beans to Ensure Fair Prices
Africa

Cocoa Farmers in Côte d’Ivoire Get Electronic Cards to Track Cocoa Beans to Ensure Fair Prices

February 3, 2023
US Seeks To Expel Russian Mercenaries From Sudan And Libya
USA

US Seeks To Expel Russian Mercenaries From Sudan And Libya

February 3, 2023
Pope Heads To South Sudan For Final Leg Of African Pilgrimage
Africa

Pope Heads To South Sudan For Final Leg Of African Pilgrimage

February 3, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Housing Minister urges institutions to incorporate local raw materials in building

Next Post

Loyalty undefined- social media praises Davido’s former PA

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
GNGC, Joint Venture Partner Signs US$700m Project Implementation Agreement To Construct GPP Train 2
Extractives/Energy

GNGC, Joint Venture Partners Signs US$700m Project Implementation Agreement To Construct GPP Train 2

by Gifty BansahFebruary 4, 2023
Blinken’s Cancelled Trip Downplayed By China
Asia

Blinken’s Cancelled Trip Downplayed By China

by Comfort AmpomaaFebruary 4, 2023
Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks
Innovation

Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks

by Priscilla Dziedzorm FiakpornuFebruary 4, 2023
World Food Prices Decline for 10th Month Running in January- FAO
Securities/Markets

World Food Prices Decline for 10th Month Running in January- FAO

by Stephen M.CFebruary 4, 2023
Rev Kusi Boateng Secures A restraining Order Against Ablakwa, Injuncts Ablakwa From Further Publications On him
General News

Rev Kusi Boateng Secures A restraining Order Against Ablakwa, Injuncts Ablakwa From Further Publications On him

by Emmanuel SarpongFebruary 4, 2023
Kyerematen Claimed To Be The Best Candidate
General News

NPP Is Corrupt, NDC Is Corrupt – Kennedy Agyapong

by Samuel Yeboah OtibuFebruary 4, 2023
GNGC, Joint Venture Partner Signs US$700m Project Implementation Agreement To Construct GPP Train 2
Blinken’s Cancelled Trip Downplayed By China
Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks
World Food Prices Decline for 10th Month Running in January- FAO
Rev Kusi Boateng Secures A restraining Order Against Ablakwa, Injuncts Ablakwa From Further Publications On him
Kyerematen Claimed To Be The Best Candidate
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In