Business A.M
No Result
View All Result
Saturday, February 14, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Nigeria Frontier Markets

Imo to partner Chinese Cherry Automobile Holdings to establish automobile plant

by Admin
June 20, 2019
in Nigeria Frontier Markets

By Dikachi Franklin, in Owerri

 

IMO STATE GOVERNMENT HAS expressed its readiness to partner with a Chinese firm, Cherry Automobile Holdings to establish an automobile plant in the state. This is in keeping with the electoral campaign promises made by Governor Emeka Ihedioha that his government would partner with local and foreign entrepreneurs to industrialise the state.


During the electioneering campaigns, Ihedioha did not only say he would industrialise the state, but also that his government would create 135 manufacturing enterprises which would be localised in the 27 local government areas , five to be established in each local government.
Just less than two weeks after he was sworn-in, his government has held talks with the management of a Chinese firm, Cherry Automobile Holdings with a view to establish its presence in Imo.
An industrialist who didn’t want to be named said the move was a good commencement to make good his promise of bringing foreign firms to Imo State.
Cherry Automobile Holdings is one the automobile companies in the world that produces all range of vehicles, business a.m. was informed.
Uche Onyeagucha, secretary to the government, who received Christopher Igwe, the country representative of the company, Perry Huo, the Africa sales director and other members of Imo-China InNEWS vestment Centre, assured them of the willingness of the government to partner with the management of Cherry Automobile company for the establishment of automobile plant in the state.
He expressed his happiness on the intention of the company to site an automobile plant in the state, saying that the state government would be ready to partner with the company to achieve the project because one of the cardinal points of Emeka Ihedioha administration is to make Imo State the economic nexus and entrepreneurial hub of the Southeast region.
“His Excellency Rt Hon Emeka Ihedioha will ever be ready to enter into strategic partnership with relevant stakeholders and genuine foreign investors to revive the economy of the state,” Oneagocha said.
He revealed that the development plan of the present administration is to deploy a well-thought-out public private partnership initiative in project conception and execution, and called on the management of the company to forward their proposal and letter of intent to the Governor for take-off action.
Christopher Igwe, the country representative of the company thanked the SGI for extending a hand of partnership to the company for the establishment of an automobile plant in the state, saying that with the support of the state government, the company would ensure that the project was established.
Meanwhile, the Africa sales director of the company, Perry Huo, commended the secretary to the government of Imo for receiving them on behalf of the Governor and expressed assurance that with the establishment of the automobile plant in the state, the economy of the state will be revived.

Previous Post

1000 youths, women benefit from lawmaker’s agric programme in Enugu

Next Post

Change of guard influences economic activities in Imo

Next Post

Change of guard influences economic activities in Imo

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Bedrock Residences appoints Kofo Ati-John as chairman

Bedrock Residences appoints Kofo Ati-John as chairman

February 14, 2026
Nigerian Breweries rated ‘buy’ as analysts see stronger earnings demand driving recovery

Nigerian Breweries returns to profitability with N99bn net income

February 14, 2026
Nigerian Bottling Company advances youth development as 2026 #YouthEmpowered opens at UNILAG

Nigerian Bottling Company advances youth development as 2026 #YouthEmpowered opens at UNILAG

February 14, 2026
Lagos Energy Summit 2026 to mobilise private capital into power sector

Lagos Energy Summit 2026 to mobilise private capital into power sector

February 13, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • What’s Behind the Fourth-Quarter Earnings Dip?

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Bedrock Residences appoints Kofo Ati-John as chairman

Bedrock Residences appoints Kofo Ati-John as chairman

February 14, 2026
Nigerian Breweries rated ‘buy’ as analysts see stronger earnings demand driving recovery

Nigerian Breweries returns to profitability with N99bn net income

February 14, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M