Nigeria's President Bola Ahmed Tinubu has announced a six-month suspension on raw shea exports to boost local processing, job creation, and protect the shea value chain, predominantly benefiting women. This move aims to increase Nigeria's share in the $6.5 billion global shea market, currently capturing less than 1% despite producing nearly 40% of the world's supply. The initiative is part of the Renewed Hope Agenda, focusing on creating value domestically and competing globally. Vice President Kashim Shettima will lead efforts to expand processing capacity and ensure the reform brings lasting prosperity to farmers, women, and the nation.
The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China's richest person.
According to a rich list produced by the Hurun Research Institute, Zhang Yiming is now worth $49.3bn (£38bn) - 43% more than in 2023.
The 41-year-old stepped down from his role in charge of the company in 2021, but is understood to own around 20% of the firm
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