One-district, One-factory initiative
One-district, One-factory initiative

A partnership drive between Elenmines company, an indigenous investment firm and Nersant has resulted in a decision to establish 12 new factories in Ghana under the One District One Factory concept initiated by the President of Ghana, Nana Addo Dankwa Akufo Addo.

Companies that have agreed to establish and operate these factories as part of the partnership deal includes, Sao Silvestre, a Portuguese pharmaceutical company, ASTEL, a construction company in Portugal, IMETAL, an agricultural implement company among others.

Information available indicates that all the partner companies involved have started visibility studies in the Greater Accra, Volta, and the Northern Regions.

The companies are determined to cover the production of quality European standard floor tiles, irrigation machines, and pharmaceutical products among others.

Managing Director of Elenmines Company limited Dr Mawuli Lincoln Eleblue who participated in the stakeholders forum recently said it was well organized with very serious business minded executives who discussed Business potentials in Ghana.

interacting with investors at the NERSANT business summit in Portugal between 22nd and 28th October, 2019 , Dr Mawuli Darlington revealed that there are so many opportunities in Ghana’s mining, health and construction and oil and gas sectors that needed huge investments to turn them around to realize the anticipated fortunes.

He thus assured the investors that his company, Elenmines would assist companies that would take advantage of these opportunities to operate in Ghana.

He regarded the NERSANT business summit as the best platform for promoting Ghana since the participants and members of the group had the resources needed to engage in partnerships that would help realize the potentials in investments.

Speaking to the media on his return from the summit, Dr Eleblue Darlington noted that this company engaged with more than 21 companies at the summit and is currently interacting with several other multinational firms who have expressed interest in establishing subsidiaries in Ghana.

The NERSANT Business is already considered one of the biggest international business meetings in Portugal. In the first edition, in 2012, the event was attended by six delegations, each year the event has consolidated and continued to grow.

Over 30 countries from all over the world participated in the summit In addition to the 90 national companies registered, there were also 70 foreign entrepreneurs registered from South Africa, Germany, Angola, Austria, Brazil, Cape Verde, Canada, Colombia, Ecuador, USA, France, Ghana, Guinea Bissau, Netherlands, Hungary, India, Iran, Japan, Latvia, Luxembourg, Mexico, Morocco, Mozambique, Sao Tome and Principe, Ukraine and Vietnam.

The NERSANT Business aims to strengthen trade relations between the participating countries and establish business partnerships for the future, in order to promote internationalization

Source: Adu Koranteng

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