Businesses upbeat as Nigeria, South Africa mend relations, sign 32 deals (ThisDay)

Members of the Organised Private Sector (OPS) of the Nigerian economy have welcomed the strengthening of the economic and diplomatic ties between Nigeria and South Africa that led to the signing of 32 bilateral agreements between both countries.

South African President, Mr. Cyril Ramaphosa and President Muhammadu Buhari, who is on a state visit to the rainbow nation, yesterday signed 32 trade and cooperation agreements, weeks after a wave of violence against immigrants, particularly Nigerians, in Johannesburg and Pretoria strained relations between Africa’s top two economies.

In September, mobs armed with makeshift weapons attacked businesses and homes owned by foreigners, leading to at least 10 deaths, dozens of injuries and up to 400 arrests. Read more

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