A venture capitalist firm, Platform Capital, has announced it would be commencing work on the record-breaking Leather City Park (“Leather City”) and a state-of-the-art foot-wear design facility, the NIBRA Designs Limited (“NIBRA”) in Ariara market, Aba, Abia. The shoe factory is said to become the largest in sub-Saharan Africa so far. Its will be leveraging world-class Brazilian technology, a member of the private equity firm announced on LinkedIn.

The NIBRA facility will start operations with an initial capacity of 10,000 pairs per day, and it’s expected to grow to 100,000 in 5 years. Fourth Quarter 2019 is the lasted time for the commissioning of the project. About 1,000 persons will be employed directly in the first year by NIBRA after which this will grow to 5,000 in the medium term. If things go as planned, the project will serve both domestic and the international markets. The Leather City is expected to provide wide-ranging opportunities that improve not only productivity but the quality of products for the good part of the over 120,000 individuals currently operating in Ariaria market.

Read more at: https://techdirectarchive.com/2019/01/29/aba-gets-a-massive-break/