Tinubu departs Jeddah for Abuja

President Bola Ahmed Tinubu on Wednesday departed King Abdulaziz International Airport, Jeddah, Kingdom of Saudi Arabia, for Abuja, after the successful completion of his Umrah (Lesser Hajj) in the Holy city of Makkah.

President Tinubu’s plane took off at the Royal Terminal of the King Abdulaziz International Airport, Jeddah, at exactly 5:13.pm Saudi time.

The Deputy Governor of the Makkah Region, Prince Saud bin MISHAAL bin Abdulaziz Al Saud, Nigerian Ambassador to Saudi Arabia, Ambassador Yakubu Gambo, and Hon. Consul-General, Ambassador Muazam Ibrahim Nayaya, accompanied the President to the airport.

Before departure, President Tinubu had a brief meeting with the Deputy Governor of Makkah at the Royal Guest Palace in the Airport.

On arrival on Thursday in Saudi Arabia, the President led members of the Nigerian delegation to perform the Umrah rites, including the circumambulation of the Holy Ka’abah.

Last Sunday, President Tinubu was granted the rare privilege of entering the sacred structure, where he and members of his delegation performed the two raka’at prayers.

Inside the Holy Ka’abah, the President offered special supplications to Almighty Allah for lasting peace, security, unity and prosperity in Nigeria, while seeking divine guidance, wisdom and strength to continue serving the Nigerian people.

President Tinubu also prayed for Allah’s continued blessings upon Nigeria, its leaders and citizens, expressing hope that the country’s diversity would be transformed into a source of strength, national cohesion and shared prosperity.

The President’s visit to the Kingdom of Saudi Arabia provided an opportunity for spiritual reflection, thanksgiving and prayers for Nigeria, as well as renewed commitment to the national task of building a peaceful, united and prosperous nation.

President Tinubu expressed profound appreciation to the Custodian of the two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince Mohammed bin Salman, for the special courtesies and hospitality extended to him and the Nigerian delegation, particularly the privilege of accessing the Holy Ka’abah to offer prayers.

In his entourage were the National Security Adviser Mallam Nuhu Ribadu, Governors of Sokoto, Jigawa, Kaduna, Borno and Yobe States among others.

Istanbul hosts 6th Korkut Ata Turkic World Film Festival [PHOTOS]

The opening ceremony of the 6th Korkut Ata Turkic World Film Festival has been held in Istanbul, Trkiye, bringing together filmmakers, cultural officials and representatives of the film industry from across the Turkic world.

The ceremony was attended by TURKSOY Secretary-General Sultan Raev, representatives of the culture ministries of Turkic states, film producers, members of the cinema community and media representatives.

Speakers at the opening ceremony highlighted how the shared history and spiritual heritage of Turkic nations are also reflected in cinema. The festival’s main programme was announced, and members of the international jury were introduced.

The ceremony concluded with a screening of Aytmatov, a film by Kyrgyz director Kanybek Kalmatov.

Running until November 7, the festival features several Azerbaijani productions in its competition programme. These include Taghiyev: The School in the feature film category, Azykh Cave in the documentary category and May You Live as Long as the Land in the short fiction film category.

In addition, two Azerbaijani films will be screened outside the competition programme: the feature film In a Southern City and the documentary 100 Years of the Baku Turkological Congress.

A total of 56 films from 10 countries and 10 autonomous republics will be presented during the festival. The event is expected to welcome 150 international guests and 300 local film industry professionals.

Azerbaijan is represented by a 20-member delegation comprising filmmakers and representatives of the Cinema Agency operating under the Ministry of Culture.

Established in 2021 by Trkiye’s Ministry of Culture and Tourism, the festival aims to showcase the shared cultural heritage of Turkic-speaking countries and peoples to international audiences through cinema.

Number of unemployed up 9.7% in October on annual basis

The unemployed, registered at the District Labour Offices on the last day of October 2026, reached 7,790 persons, recording an increase of 9.7% or 691 persons, compared to October 2025, according to data published by the Statistical Service.

This increase is mainly attributed to the sectors of information and communication, administrative and support service activities and professional, scientific and technical activities.

Based on the seasonally adjusted data, which reflect the trend in unemployment, the number of registered unemployed persons decreased to 10.711 in October 2026, compared with 10.741 in the previous month.

Central Bank of Azerbaijan to keep inflation control as main monetary policy goal in 2027

The Central Bank of Azerbaijan (CBA) will continue to prioritise keeping inflation within its target range as the main objective of its monetary policy in 2027.

CBA Governor Taleh Kazimov made the remarks during a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship, where lawmakers discussed the draft law on the state budget of the Republic of Azerbaijan for 2027.

Kazimov said price stability would continue to provide the foundation for balanced and sustainable economic growth.

‘Monetary policy will continue to be implemented within the framework of the eisting regime net year. Echange rate stability will remain the main anchor of price stability in 2027. A surplus in the current account of the balance of payments will continue to support equilibrium in the foreign echange market net year,’ he said.

The CBA Governor noted that short-term interest rates in the money market would remain an auiliary operational target of monetary policy in 2027.

He added that the Central Bank would make adequate and fleible use of its eisting instruments to ensure that short-term money market rates remain within the interest rate corridor. Measures to strengthen the interest rate channel in monetary policy transmission would also continue.

Kazimov further emphasised that monetary policy would remain coordinated with macroprudential policy and other areas of the Central Bank’s activities.

According to him, deeper financial sector development and stronger financial stability would have a positive impact on the effectiveness of monetary policy transmission.

Aghdam’s industrial revival looks promising for Azerbaijan’s non-oil economy

The expansion of manufacturing in the Aghdam Industrial Park illustrates how investment in liberated territories can support employment, strengthen domestic production and introduce Azerbaijani goods to international markets. The production of specialist safety footwear and polyurethane boots links the rebuilding of Karabakh with the country’s ambition to develop a competitive non-oil economy.

The enterprise operating across 2.5 hectares in the industrial park manufactures protective footwear for industrial and working environments. Its products serve the domestic market and reach customers abroad, giving the facility a role in export development. Supplying these sectors creates opportunities for local industrial capabilities, skilled employment and stronger links between manufacturers and business customers.

The company’s disclosed export activity points to a growing international reach. In Kazakhstan, it has signed agreements with three companies and completed deliveries at different times. Further orders from the Central Asian market are under consideration, creating scope for deeper commercial relations. In Albania, an agreement with a local distributor envisages an initial shipment of 1,200 pairs of products, including natural-leather safety shoes with polyurethane soles and polyurethane boots. The order covers footwear in O4 and S5 safety classes and is ready for export.

The Canadian market adds another significant dimension. A Canadian company has ordered more than 3,500 pairs of polyurethane boots, with shipment planned for the following month. Italy represents a further European opportunity: negotiations on a cooperation agreement are continuing, initial orders have arrived, and the planned November shipment covers 1,200 pairs of polyurethane boots under the Made in Azerbaijan label. Interest from the United Arab Emirates and Jordan also creates prospects for additional market development.

The three quantified orders for Albania, Canada and Italy together account for more than 5,900 pairs. This figure provides a useful snapshot of the scale of the announced business pipeline, while Kazakhstan’s deliveries and potential new orders add another established export channel. Interest from the Gulf and the Middle East broadens the potential geography further.

For Azerbaijan, the significance of such projects extends beyond individual sales contracts. A manufacturer based in Aghdam contributes to the revival of economic activity across liberated territories and demonstrates how industrial infrastructure can support the next stage of regional development. Every operating facility creates demand for workers, transport, maintenance, packaging, utilities, suppliers and business services. As production expands, these connections can generate employment across a wider local economic network, supporting household incomes and strengthening the commercial life of surrounding communities.

The employment effect extends beyond the factory floor. Production requires operators, technicians, quality specialists, warehouse staff and managers, while shipments create work for drivers, freight forwarders and customs services. Training workers for these roles can build skills and support career paths. As suppliers and service providers respond to the factory’s needs, an industrial investment can stimulate economic activity across the region.

Industrial parks can bring together land, infrastructure, utilities and investor support in a planned environment, helping businesses establish operations and build supply relationships. In Aghdam, this model is particularly important because manufacturing can complement reconstruction in housing, roads, public services and agriculture. New jobs give residents opportunities to participate directly in the region’s economic recovery, while demand for local services can encourage further entrepreneurship.

Export growth also adds value to the national diversification agenda. International orders help manufacturers test their products against demanding customer requirements, improve production processes and build commercial credibility. The Made in Azerbaijan label gives overseas buyers a clear national identity for locally manufactured goods. Success in specialised footwear can also encourage the development of related activities, including materials processing, moulding, design, quality control, logistics and technical services.

The next stage of this progress will depend on production capacity, consistent quality, certification, competitive pricing and reliable delivery. The announced orders already provide a concrete indication of international demand and a foundation for future expansion.

Aghdam’s emerging manufacturing base shows how regional reconstruction and export-oriented industrialisation can reinforce one another. By turning investment into production, jobs and overseas sales, Azerbaijan can broaden the foundations of economic growth and strengthen the role of liberated territories in its national development. The journey from a 2.5-hectare industrial site to customers across several regions captures an important ambition: building a diversified economy whose products carry Azerbaijani value into global markets.

Chinese carmakers ride on sales to double Kenya market share

Chinese manufacturers more than doubled their share of Kenya’s new vehicle market in nine months to September 2026, riding on a jump in sales of trucks on increased government payments to road contractors.

Sales of Chinese brands rose 152 percent to 1,847 vehicles in the nine-month period from 733 in a similar period last year, data from the Kenya Motor Industry Association (KMI) show.

The growth was more than five times compared with 27 percent expansion in domestic showroom vehicle sales to 12,606 units from 9,924 in the corresponding period last year, with easing lending rates also helping revive demand for commercial units.

The rapid expansion lifted the share of Chinese brands in locally sold new vehicles to 14.65 percent from 7.39 percent, meaning they accounted for nearly one in every seven new vehicles purchased in Kenya.

The gains reflect an increasingly visible presence of Chinese manufacturers in a market traditionally dominated by Japanese, European and other established global vehicle brands.

Sinotruk, distributed locally by CFAO Mobility Kenya, accounted for the bulk of the expansion, with sales jumping 169.5 percent to 1,442 vehicles from 535.

The truckmaker contributed 907 of the additional 1,114 vehicles sold by Chinese brands, representing 81.4 percent of their combined sales growth.

This highlights the growing importance of commercial vehicles in the growing Chinese presence, with manufacturers seeking to tap demand from transporters, construction companies and businesses requiring trucks for cargo distribution.

The expansion, however, spread beyond heavy commercial vehicles, with passenger vehicle brands including BYD, Changan and Chery recording higher sales as more Chinese manufacturers establish themselves in Kenya’s showroom market.

BYD, also sold by CFAO Mobility Kenya, increased its sales to 54 vehicles from two, while Changan, represented by Inchcape Kenya, doubled deliveries to 73 from 36.

Chery Tiggo, whose deals are handled by Salvador Caetano, recorded 50 sales against none in the corresponding period last year, the KMI numbers show.

Foton, another Chinese commercial vehicle manufacturer distributed by Mobikey Truck and Bus, nearly doubled sales to 168 units from 88.

The figures suggest Chinese manufacturers are broadening their presence across different vehicle categories, rather than relying exclusively on the commercial truck segment to expand their market position.

Other brands also recorded mixed performances, with Great Wall Motors (GWM) increasing sales to 18 vehicles from eight, while JMC deliveries rose to 21 from 15. However, Haval, distributed by Crown Motors, recorded a sharp slide to four vehicles from 31, while Beiben sales dipped marginally to 17 from 18.

Despite the uneven performance among individual manufacturers, the combined figures show Chinese brands gaining ground considerably faster than the wider market.

Their expansion comes as competition in Kenya’s vehicle market increasingly revolves around purchase prices, vehicle specifications, financing options and the availability of spare parts and after-sales support.

The growing presence of Chinese manufacturers highlights the intense competitive pressure facing established distributors such as Isuzu, particularly in commercial vehicles, where acquisition costs and operating expenses drive purchasing decisions.

The passenger vehicle segment presents another potential growth frontier, particularly as manufacturers such as BYD seek to establish themselves through electric and hybrid vehicle offerings.

However, the KMI figures do not break down sales by engine technology, meaning the extent to which electric vehicles are contributing to the increase cannot be established from the available data.

The growth in purchases of Chinese vehicle brands coincided with a recovery in the showroom vehicle market, supported by renewed road construction activity and improving access to credit for businesses seeking to acquire trucks and other capital equipment.

Isuzu East Africa, the market leader, has attributed the industry’s expansion this year largely to the government’s mobilisation of Sh139 billion to settle contractors’ bills and restart stalled road projects.

“Industry performance was primarily propelled by government fiscal intervention-specifically the mobilization of Sh139 billion to clear contractor bills and restart road projects, which spurred heavy commercial vehicle demand,” Isuzu said in the KMI report for September.

The payments have eased cash-flow pressures on road contractors, some of whom had abandoned projects or faced the risk of losing vehicles and equipment financed through bank loans.

The State Department for Roads’ pending bills fell 23.5 percent to Sh98.17 billion in the financial year ended June, extending a decline from the Sh166.76 billion peak recorded in 2023/24.

The arrears declined by Sh30.19 billion in the latest financial year, following a Sh38.40 billion reduction in the previous year, according to the latest budgetary review report.

The recovery also came at a time bank borrowing costs were falling, potentially making it easier for businesses to finance trucks, delivery fleets and other vehicles used in their operations.

Central Bank of Kenya data shows the weighted average commercial lending rate fell to 14.34 percent in August 2026 from 15.17 percent a year earlier, extending a decline from the 17.22 percent peak recorded in November 2024.

The decline has potentially reduced the cost of servicing loans for businesses and individuals purchasing vehicles through bank financing and asset-finance arrangements.

Lagos Free Zone courts european manufacturers for investments

The Lagos Free Zone has called for stronger investment partnerships among Nigerian, Belgian and Luxembourg businesses to accelerate trade relationships, local manufacturing, agro-processing and industrial development that create jobs and retain more economic value in Nigeria.

The Managing Director, Lagos Free Zone, Adesuwa Ladoja, made the call in her keynote address at the Nigeria-Belgium-Luxembourg Business Forum in Brussels.

Ladoja highlighted the complementary strengths of the three countries, noting that Nigeria’s natural resources, talent and market potential, alongside Belgium’s manufacturing expertise and trade connections and Luxembourg’s industrial and financial capabilities, create significant opportunities for mutually beneficial investment.

She emphasised that stronger cross-border partnerships could help Nigeria expand local production, process more of its agricultural resources, manufacture products for domestic consumption and develop industries capable of competing in international markets.

‘Nigeria, Belgium and Luxembourg bring complementary strengths to this partnership. By combining Nigeria’s resources and market potential with European manufacturing expertise, industrial know-how and financial capabilities, we can build partnerships that deliver lasting economic value for businesses and communities across our countries,’ she added.

She noted that the zone provides a platform for translating these investment opportunities into local manufacturing and industrial development through serviced industrial land, ready-built facilities, utilities and investor support, integrated with the Lekki Deep Sea Port.

She further stated that the zone provides businesses with access to regulatory agencies to facilitate their establishment, operations and expansion in Nigeria.

‘We want to see partnerships translate into manufacturing facilities, products made in Nigeria, skills developed and jobs created. We invite businesses to take the next step by exploring concrete investment opportunities with us at Lagos Free Zone,’ she added.

Baku, Moscow strengthen cooperation in emergency management [PHOTOS]

The Minister of Emergency Situations of the Republic of Azerbaijan, Colonel General Kamaladdin Heydarov, met with a delegation led by the Minister of the Russian Federation for Civil Defence, Emergencies and Elimination of Consequences of Natural Disasters, Colonel General Aleander Kurenkov, who is visiting our country in connection with the I World Championship among Men and the II World Championship among Women in fire and rescue sport, held in Baku.

Minister Kamaladdin Heydarov warmly welcomed the guests and thanked them for their participation in the world championship, stressed the importance of holding this prestigious international sport event in our country, and epressed his belief that the competition will give impetus to strengthening professional relations among rescuers from member countries of the International Sport Federation of Firefighters and Rescuers, the echange of eperience, and the development of fire and rescue sport.

Touching upon the upward development of multifaceted relations between Azerbaijan and Russia, the Minister noted that, within this framework, the relevant agencies of the two countries responsible for combating emergency situations successfully cooperate. Speaking about successful cooperation in improving the level of preparedness for emergencies, including professional personnel training, scientific and methodological cooperation, operational information echange and other areas, the Minister epressed his confidence that this visit will make a significant contribution to epanding relations.

In this sense, it was emphasized that the Joint Action Plan signed during the meeting is of great importance in terms of developing mutually beneficial relations and epanding the echange of eperience in various fields.

The Minister of the Russian Federation for Civil Defence, Emergencies and Elimination of Consequences of Natural Disasters, Aleander Kurenkov, epressed his gratitude for the cordial meeting and noted that the World Championship in fire and rescue sport in Baku was organized at a high level.

Kurenkov epressed his satisfaction with the current level of relations between the two ministries within the framework of close cooperation and mutual trust between Azerbaijan and Russia, and epressed his confidence that the negotiations and echange of views held during the visit, as well as the signed Joint Action Plan, will give additional impetus to the epansion of cooperation and the implementation of new joint initiatives.

A broad echange of views was held on issues of mutual interest during the meeting.

Then, the “Joint Action Plan for 2027-2029 between the Ministry of Emergency Situations of the Republic of Azerbaijan and the Ministry of the Russian Federation for Civil Defence, Emergencies and Elimination of Consequences of Natural Disasters” was signed. The document was signed by the Minister of Emergency Situations of the Republic of Azerbaijan, Colonel General Kamaladdin Heydarov, and the Minister of the Russian Federation for Civil Defence, Emergencies and Elimination of Consequences of Natural Disasters, Colonel General Aleander Kurenkov.

Workers earning over Sh32,333 pocket Sh2,000 more in review

Salaried workers with a gross pay of over Sh32,333 a month will pocket an additional Sh2,083 each, as the National Treasury moves amendments to the pay-as-you-earn (PAYE) bands, extending relief beyond low-income workers.

The National Treasury has said it will not change the higher tax bands for those earning more than Sh32,333 but will end the Sh2,400 monthly personal reliefs across all salary levels.

In the proposed changes to be tabled in Parliament next week, all salaried workers will benefit from a preferential tax-free treatment of their first Sh32,333 in gross earnings.

Currently, earnings between Sh24,001 and Sh32,333 are subject to 25 percent tax. The first batch of Sh24,000 in pay is taxed at 10 percent, which is offset by the Sh2,400 a month personal relief.

Under new proposals, both the 10 percent and 25 percent bands will be eliminated along with the personal relief, lifting the first tax band to earnings above Sh32,333.

All salaried workers above Sh32,333 will subsequently see a bump in take-home pay even after the withdrawal of personal relief.

The take-home pay for persons earning Sh50,000 will rise to Sh41,112 from Sh39,029 currently, while net pay for earners of Sh100,000 will jump to Sh72,574 from Sh70,441 at present.

PAYE rates on subsequent earnings above Sh32,333 will continue at graduated rates of 30percent, 32.5 percent and 35 percent for earnings above Sh800,000.

The Treasury had previously hinted at amending the tax bands to have higher earners offset the loss of revenues from the relief passed to low-income workers.

The exchequer is expected to lose at least Sh3.7 billion in payroll taxes a month but expects the loss to serve as a stimulus in the economy, increasing households’ disposable income and resulting in higher consumption and job creation.

‘Everybody will get relief, including those earning Sh1 million. It was not practical to restrict the benefit to salaried workers earning Sh32,333 and below as this would leave out other low-income workers like those grossing Sh33,000 or Sh34,000,’ John Mbadi, the National Treasury Cabinet Secretary, told the Business Daily on Wednesday.

‘We are only dealing with the lower band while we find the personal relief to no longer be tenable.’

An estimated 362,846 more salaried workers will be exempted from paying payroll taxes, adding to the current 1.32 million workers who gross Sh24,000 or less.

This will see the number of salaried workers not paying payroll taxes rise to 1.69 million, while the remaining number of taxpayers will be 1.77 million.

The 1.77 million workers paying payroll taxes will each see their net take-home pay bumped up by Sh2,083, translating to a stimulus of Sh3.7 billion a month or Sh44.4 billion a year.

The passing of a blanket relief to take-home pay across the board, touching on all 3.46 million salaried workers is set to be a welcome move to stakeholders, including civil society groups and lobbies who viewed a broad PAYE review as a stimulus to the economy.

Estimates by the banking industry lobby-the Kenya Bankers Association (KBA), for instance show a five percent PAYE cut would expand the economy, create jobs and increase tax revenues indirectly.

A uniform five percent reduction in PAYE across all income bands is expected to release Sh28.1 billion into the economy annually, generating Sh42 billion in immediate GDP output and supporting over 36,000 jobs.

KBA further estimated the unlocking of Sh140 billion in formal lending capacity and the generation of between Sh27.1 billion and Sh31.5 billion in additional tax revenues, recovering revenue loss caused by the PAYE reduction in the first year.

The higher take-home pay is expected to result in a stronger economy, increasing household spending, raising the demand for goods and services, and boosting SME growth and manufacturing expansion.

Increased disposable incomes are also seen to improve savings and investments and improve credit uptake and lending activity.

The amendments to pay as you earn are set for tabling in the National Assembly next week.

‘I signed off the proposal yesterday, and it is likely to go to Parliament next week,’ Mr Mbadi said.

The easing of payroll taxes comes as the State seeks to placate the electorate with just months to the August 2027 General Elections.

President William Ruto’s administration introduced a raft of new taxes while raising rates on old taxes after the August 2022 elections.

The most recent change to the personal income tax brackets was undertaken made through the Finance Act of 2023 which introduced two new top rates of 32.5 percent and 35 percent but left other tax brackets unchanged.

The government has been dilly-dallying on passing the PAYE relief for the better part of the last 12 months, fearing revenue losses which had been estimated at Sh35 billion annually by the Treasury.