close x

LADOL MD Joins UNCTAD and GIZ to Launch “Handbook on Special Economic Zones in Africa: Towards Economic Diversification across the Continent”

LADOL MD Joins UNCTAD and GIZ to Launch “Handbook on Special Economic Zones in Africa: Towards Economic Diversification across the Continent”

 

21st October 2021: Dr. Amy Jadesimi, Managing Director of LADOL Free Zone, joined a high-level panel convened by UNCTAD (The United Nations Conference on Trade and Development) and GIZ (Deutsche Gesellschaft fur Internationale Zusammenarbeit GmbH), under the auspices of the World Investment Forum 2020, Investing in Sustainable Development, to launch the long-awaited “Handbook on Special Economic Zones in Africa: Towards Economic Diversification across the Continent”.

Despite Special Economic Zones (SEZs) having been widely used for decades, there is relatively little systematic research on their performance or social, economic, and environmental impact, especially in the context of Africa. UNCTAD’s World Investment Report 2019 presented a comprehensive analysis of the number and types of SEZs. However, large gaps remain concerning data on their design and on the benefits that they accrue to the host economy.

Similarly, although the implementation of the African Continental Free Trade Area (AfCFTA) agreement is set to impact SEZs on the continent significantly, there is a lack of research and policy guidance on how zones can adjust to the new regulatory environment. In this context, UNCTAD, with the support of GIZ, has developed a handbook for SEZs on the continent. The handbook provides best practices and policy recommendations across a wide array of topics relevant to zones and also features case studies from a number of different zones within and outside Africa.

In addition to the dissemination of the handbook’s findings, UNCTAD and GIZ are also arranging a series of technical cooperation workshops in different parts of Africa. The handbook and the related technical cooperation have a particularly strong emphasis on helping SEZs adjust to the new trade and investment environment in Africa, after the full implementation of the AfCFTA.

Dr. Jadesimi was one of the speakers at a round table held during the launch, alongside Mr. Harouna Niang (Consultant, and Former Minister of Industry, Trade and Investment Promotion, Mali), Mr. Ahmed Bennis (General Secretary, Africa Economic Zones Organization), Mr. Ken Poonoosamy (CEO, Economic Development Board of Mauritius, Mauritius)and Dr. Pierre Voges (CEO, Atlantis Special Economic Zone Atlantis SEZ Atlantis SEZ, South Africa).

Speaking at the event, Dr. Jadesimi strongly advocated the role Nigeria will play as the industrial hub for West Africa as well as being an economic engine for the rest of the continent, enabled by its free zone regimen “Nigeria is a natural pan-continental hub. Public and private free zones across the country will be able to drive local manufacturing using a range of models across the country from mono-industrial zones to multi-industrial and financial zones – all of which will create a multiplier effect on job creation.

The launch of this handbook will help trigger an influx of investment into these zones as it provides a set of global standards that investors can use to assess and invest in zones based on the strong market cases we have in Africa. This is another step towards making fit-for-purpose, long-term, low-cost funding available for free zones across the continent.” You can download the full report here: https://unctad.org/webflyer/handbook-specialeconomic-zones-africa

Editor’s Note: About LADOL

LADOL is building the world’s first Sustainable Industrial Special Economic Zone (SSEZ). LADOL is using the UN’s Sustainable Development Goals (SDGs) to build a unique circular ecosystem, servicing a range of industries. The Zone was developed out of a disused swamp and has been operational since 2006. Every year since then the infrastructure and facilities have grown and expanded.

The Zone now provides a 24/7 efficient, safe, and secure location from which local and international companies, in a range of sectors, can start operating immediately. In 2017 LADOL disrupted the local oil and gas market, halving the costs of local support, and creating thousands of local jobs. LADOL is now focused on attracting and servicing a range of non-oil and gas companies, in sectors ranging from technology to agriculture. The sectors identified will work together to create a circular economy within the Zone. West Africa is one of the largest underserved markets in the world with the fastest-growing population. Industrial companies working in LADOL can service this market sustainably and profitably while creating tens of thousands of jobs. As the local market grows there will be a higher demand for locally produced products, a larger skilled workforce, and cheaper domestic operating costs.

LADOL is becoming a blueprint for the sustainable industrialization of Africa, turning Africa’s demographic dividend into global wealth creation.

www.ladol.com

  • Latest News

    • LADOL Makes Nigeria the Heavy Lift Hub of West Africa – Sets Another Record Performing 320-ton Heavy Lift with Quayside MTC Crane

      LADOL Makes Nigeria the Heavy Lift Hub of West Africa – Sets Another Record Performing 320-ton Heavy Lift with Quayside MTC Crane

      September 19, 2021: LADOL Free Zone has set another ground-breaking record on Tuesday, September 07, 2021, as LADOL and Mammoet performed the first heavy-lift project in West Africa using the MTC 15 shore crane – the largest of its kind in the world. The heavy-lift project involved the offloading and …
    • Field Ready and Ladol Upskilling Academy to host virtual meetings of the Field Ready Nigeria Alliance

      Field Ready and Ladol Upskilling Academy to host virtual meetings of the Field Ready Nigeria Alliance

      On 2 June 2021, Field Ready and Ladol Upskilling Academy will host the Field Ready Nigeria Alliance virtual meeting. The theme of the meeting is “Building a Workforce that Thrives”. Keynote addresses on behalf of the Government of Nigeria will include: Boss Mustapha, Secretary to the Government of the Federation …
    • Gaia Say No! – Africa: Episode 3. Energy Transition – Future net Zero.

      Gaia Say No! – Africa: Episode 3. Energy Transition – Future net Zero.

      In this the third episode, we look at the energy transition that is happening across Africa. Stanley Nyoni, Sustainability and Leadership Advisor who is based in Sweden and Dr Amy Jadesimi, Managing Director of LADOL Free Zone in Lagos, Nigeria one of the leading young energy voices of Africa shared …
    • GTR West Africa 2021

      GTR West Africa 2021

      The inaugural virtual edition of GTR West Africa 2021 took place on March 24- 25, welcoming record participation of trade specialists from across the African continent, Europe, Asia and the Americas. Dr. Amy Jadesimi discussed on: Market volatility and decarbonisation: Navigating financial headwinds for the oil sector. See details here
    • LADOL MD Speaks at the Ehingbeti Lagos Economic Summit 2021:

      LADOL MD Speaks at the Ehingbeti Lagos Economic Summit 2021:

      The Managing Director of LADOL Free Zone, Dr. Amy Jadesimi, has stated that Lagos State can take a share of a new USD 12 trillion market by creating a level playing field that enables private sector companies to compete and grow sustainable businesses. Almost all the new jobs the world …
    • LADOL Joins Over 300 Companies and Organisations to Sign ‘The Neptune Declaration on Seafarer Wellbeing and Crew Change’

      LADOL Joins Over 300 Companies and Organisations to Sign ‘The Neptune Declaration on Seafarer Wellbeing and Crew Change’

      Lagos Deep Offshore Logistics Base, LADOL has joined Global industry and human rights leaders, including A.P. Moller – Maersk, BP, BW, Cargill, COSCO, DOW, Euronav, MISC Group, NYK, Rio Tinto, Shell, Trafigura, Unilever and Vale, sign the Neptune Declaration on Seafarer Wellbeing and Crew Change in a worldwide call to …
    • LADOL Remains Best in Class, Overcoming 2020 Challenges and Renewing its ISO Certifications

      LADOL Remains Best in Class, Overcoming 2020 Challenges and Renewing its ISO Certifications

      LAGOS December 24, 2020: Lagos Deep Offshore Logistic Base, LADOL has once proven to be one of the top performing and compliant companies in Nigeria, as the company overcame the 2020 challenges and renewed its International Organization Standardization, ISO 45001:2018, 14001:2015 and 9001 certifications. In 2018 LADOL became the first …
    • Women’s Leadership in Africa: From Stereotypes to Solutions

      Women’s Leadership in Africa: From Stereotypes to Solutions

      Our MD/CEO, Dr Amy Jadesimi gave the keynote speech during the panel: Women’s Leadership in Africa: From Stereotypes to Solutions: Women CEOs Round-table at UNGA Thursday 24th September 2020 Full details can be accessed here
    • FGN getting full value from Its land at Tarkwa Bay – Ladol

      FGN getting full value from Its land at Tarkwa Bay – Ladol

      Our attention has been drawn to an article making the rounds and we will like to set the record straight. In response to the Article -Titled:-“FG Deserves Full Value from Its Land at Tarkwa Bay – Bala Usman” Published in the Daily Trust on Wednesday August 5th, 2020, these are …
    • To Our Dear Stakeholder

      To Our Dear Stakeholder

        LADOL Free Zone and its Land Lease are Intact and Fully Operational. We are pleased to inform our stakeholders and the public at large that we have received notification to the effect that: The Presidential approval issued in 2018 granting Global Resource Management Limited a 25 year lease covering …