financetom
Business
financetom
/
Business
/
Brazilian meatpacker JBS agrees to invest $2.5 bln in Nigeria, build six factories
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazilian meatpacker JBS agrees to invest $2.5 bln in Nigeria, build six factories
Nov 21, 2024 6:20 PM

SAO PAULO, Nov 21 (Reuters) - Brazilian meatpacker JBS

said on Thursday it has signed a memorandum of

understanding with Nigeria's government for a $2.5 billion

investment plan in the African country, including the building

of six new factories.

In a statement, JBS said three of the factories would deal

in poultry, two in beef and one in pork.

Based on the memorandum of understanding, JBS said it will

build up a five-year investment plan in Nigeria, including

feasibility studies, budget estimates and an action plan for

local supply chain development.

The government of Nigeria, in turn, would ensure the

economic, sanitary and regulatory conditions needed for the

project's viability, JBS added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
KBR to spin off Mission Technology Solutions unit
KBR to spin off Mission Technology Solutions unit
Sep 24, 2025
Sept 24 (Reuters) - Engineering contractor KBR said on Wednesday it is pursuing a tax-free spin-off of its Mission Technology Solutions (MTS) segment. ...
Crypto ETFs set to flood US market as regulator streamlines approvals
Crypto ETFs set to flood US market as regulator streamlines approvals
Sep 24, 2025
(Reuters) -Asset managers are lining up to launch cryptocurrency exchange-traded funds, capitalizing on growing excitement around digital assets while getting a boost from looser regulatory requirements to bring products to market. The U.S. Securities and Exchange Commission's updated standards for ETFs, announced last week, could encourage demand for exchange-traded products tied to cryptocurrencies ranging from solana to dogecoin. ETFs around...
Form 8.3 - Ricardo PLC
Form 8.3 - Ricardo PLC
Sep 24, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Qube Research & Technologies Limited (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of...
Alibaba to Reportedly Increase AI Spending; Shares Up Pre-Bell
Alibaba to Reportedly Increase AI Spending; Shares Up Pre-Bell
Sep 24, 2025
06:20 AM EDT, 09/24/2025 (MT Newswires) -- Alibaba Group ( BABA ) plans to increase its spending on artificial intelligence development as the Chinese e-commerce giant looks to become a full-stack AI service provider, news outlets reported Wednesday, citing Chief Executive Eddie Wu. We are actively proceeding with the [380-billion-Chinese-renminbi ($53.35 billion)] investment in AI infrastructure, and plan to add...
Copyright 2023-2026 - www.financetom.com All Rights Reserved