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Border Closure: Ghanaian Alomo Bitters Manufacturer Loses About $2m

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Kasapreko

Following the action of the Federal Government of Nigeria to close borders with neighbouring countries, Kasapreko has lost about $2 million in revenue.

Kasapreko

Kasapreko


Kasapreko Company Limited, is the manufacturer of Alomo Bitters, a beverage widely consumed by Nigerians. The company is also Ghana’s largest local beverage manufacturer.

In a report by Francis Holly Adzah, the company’s Head of International Business Development, Kasapreko has lost about $2 million in revenue following the action of the Federal Government of Nigeria to close borders with neighbouring countries.

The beverage company according to report was able to transport three trucks before the border closure. But now, the company has exhausted its products in the Nigerian market according to Ghanain news website, JoyBusiness report.

We managed to send in three trucks of products to the Nigerian market moments before the border was closed,” Adzah said.

Four other trucks loaded with products, one at the border and the others at the premises of the manufacturing company, have been left grounded due to the border closure by Nigeria, according to report.

“In September, we lost $1 million to the closure. October is almost ended and our checks show a loss of another million dollars. The situation is getting out of hand and very serious,” Adzah told JoyBusiness in an exclusive interview.

The company said it has been forced to venture into other African regions like Ivory Coast, Senegal, Togo, Benin and other European markets to offset the loss incurred from the Nigerian market due to the border closure.

United Nations COMTRADE database on international trade in 2018 pegged Ghana’s export to Nigeria at $80.96.

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US visa ban on Nigeria: Buhari reacts, sets up committee

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The presidency has reacted to the travel ban on Nigeria which was announced by the President Donald Trump-led administration.

A statement on the official Twitter handle of the Nigeria presidency said a committee has been established by President Muhammadu Buhari.

The committee will be chaired by the minister of interior, Rauf Aregbesola. It is to study the updated requirements of the United States in relation to the assessment of compliance with certain security criteria by foreign governments.

The presidency announced that the committee will be working with the United States government, Interpol and other stakeholders to ensure the proper implementation of all the updates.

According to the presidency, Nigeria is committed to maintaining productive relations with the US and other international allies especially on issues of global security.

Nigerians are not having it and have shared their opinion about the move by the Buhari-led government.

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17-Year-Old Boy Marries 16-Year-Old Girl In Anambra State (Photo)

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A 17-year-old boy, Somto and his 16-year-old fiancée, have tied the knot traditionally according to Nnewi customs and tradition, over the weekend.

According to reports made available to Ananaedoonline, Somto hails from Nwachukwu family in Okofia Village in Otolo Nnewi.

Somto, who is said to be the last child of his parents, was said to have dropped out of school last month, insisting that he wants to get married.

After mounting serious pressure on his family, the family finally decided to accept his request, and also sponsored the traditional marriage in which the public was invited.

According to reports, Somto is not the only son of his parent, since he has an elder brother, who is said to be a graduate and is currently working in a Hospital within Anambra State.

Reports have it that after the traditional marriage, the parents of Somto opened a retail shop for the couple to manage and possibly take care of themselves.

The name of the bride and her place of origin is yet to be ascertained as at the time of writing.

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The Last Video Instagram Celebrity, Mompha, Posted Before His Arrest

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Mompha

Mompha has been cooling his heels off behind bars since his arrest by the EFCC a couple of days ago.

Mompha

It’s no longer news that Dubai based Nigerian big boy, Mompha has  been arrested.

Kemi Olunloyo broke the gist and it has since gone viral as Mompha trends on Twitter. Mompha is an instagram and Burea De Change big boy with lots of celebrities as friends.

He is known for showing off expensive cars, watches and other ostentacious items. The last video he posted before his arrest was at Fakhoury Motors Beirut, a wholesale car shop while the last picture was that of his cute daughter. 

Mompha’s daughterHe prayed for his daughter:

“I lift up my hands in prayers for you. May Allah approve your innermost good wishes, purify your intentions, remove your fears & tears, forgive your errors & sins, accept your prayers and grant you graceful long life and Jannatul Firdaus in the hereafter.(Ameen)

Juma’at Mubarak”

Watch a video below: 

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