South Korea-based Kaonmedia, a provider
of digital connectivity devices, plans to
establish a new production plant in Lagos,
Nigeria. The N197bn ($624m) factory will
produce television set-top boxes for the
domestic market. Expected to create
approximately 1000 new jobs, the facility
will be a joint venture with Media Concepts
International and is scheduled to become
operational by December 2016
EU Forecast
euf:ba.18.l:23/nws-01