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Home Business News

BUA Group | Abdul Samad Rabiu eyeing Rwandan, regional mining sector

NM Partners by NM Partners
April 5, 2019
in Business News, Company News, Corporate Updates
Abdulsamad Isyaku Rabiu, The Zero to Hero Story of Abdulsamad Rabiu's Astronomic Rise , In Business. Abdulsamad stake in BUA Cement has increased by N1.2 trillion in value since listing in 2020

Abdulsamad Isyaku Rabiu Founder, BUA Group

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Abdul Samad Rabiu, the Executive Chairman/CEO of BUA Group, is studying the Rwandan and regional mining sector for viable opportunities. This is according to Rwanda’s leading daily, The New Times.

The disclosure was made at a meeting during the Africa CEO Forum in Kigali, Rwanda. The meeting aimed at drawing inspiration from the country’s leadership.

Abdul Samad said the leading company has grown in West Africa, and there are considerations to expand into other continent especially in the advent of increased integration and growth of business opportunities. He said that that they were studying Rwanda and East African region with chances of investment.

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Rabiu said that his interest in the mining sector is to ensure sustainable and valuable practices that create more value in the continent as opposed to exporting raw materials. He noted that over 76 per cent of mining operations in Africa are by western firms who often do little to work with local communities or process them from the continent.

This he said has seen more value retained abroad as opposed to Africa where the minerals are extracted. He said that way, the sector can provide better quality jobs; play a role in industrialization, as well as improve the quality of life on the continent.

According to Rabiu, “We are definitely looking at expanding. Rwanda is definitely a good ground for investment. There has been very strong economic growth, you have is very good leadership, infrastructure is coming in and there is a development strategy. There is so much opportunity here.”

“Mining is a big opportunity. There are lots of resources and opportunities in the region. There ought to be sustainable mining practices on the continent,” Rabiu added.

Editor’s Note: This is a sponsored content.


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Tags: Abdul Samad RabiuBUA group
NM Partners

NM Partners

"NM Partners" encompasses a diverse range of articles and content published on behalf of various organizations, including corporate entities, government and non-governmental institutions, academic bodies, and key stakeholders in the economic sphere. This content spectrum covers press releases, formal announcements, specialized content, product promotions, and a variety of corporate communications tailored to engage our readership. Notably, a portion of these articles are sponsored content. At Nairametrics, while we provide a platform for these diverse voices, it is important to clarify that our relationship with the content under "NM Partners" does not imply endorsement or affiliation. The responsibility for the content accuracy and viewpoints expressed rests solely with the respective contributors. Nairametrics maintains a firm commitment to editorial independence and integrity. Consequently, we do not assume responsibility for any of the content published under "NM Partners." For any inquiries, comments, or feedback regarding the content featured in this section, we encourage open communication and can be reached at info@nairametrics.com. Additionally, we invite our readers and contributors to familiarize themselves with our Paid Post Guidelines, which outline the standards and processes governing paid content on our platform.

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