Industry Dynamics

Ethiopian textile sector is attracting top international firms amid nation's bid to industrialize. The incumbent believes, textile would benefit large number of people and paves the way for nation to join middle income status in the very near future.

The government and footwear manufacturing companies are working hand in hand to promote Ethiopian footwear brands worldwide, according to Leather Industry Development Institute (LIDI).

LAGOS, July 19 (Xinhua) -- An official of China's Hebei Province said it was ready to carry out pragmatic cooperation with northern Kaduna state of Nigeria.

Anglo American, the JSE-listed global diversified mining giant, said yesterday that production had increased 8percent in the second quarter on the back of significant performances from its De Beers and Kumba iron ore units.

Following plans to start construction of a 1 000-kilometre power line next year in partnership with stakeholders from Mozambique and South Africa, Zimbabwe is going to become a regional power hub by 2021.

The new plant has a production capacity of making 700 Canbebe brand diapers a minute

According to Ethiopian Coffee & Tea Development and Marketing Authority, it has accomplished 92 per cent of its set goal to increase coffee exports. " It is a very great achievement compared to nation's previous years' coffee export performance."

The African Development Bank (AfDB) and the Islamic Development Bank have signed a landmark financial agreement to support projects in energy, agriculture and SME sectors on the continent.

Ethiopia has planned to increase the number of its industrial parks to 15 by June 2018 as part of its efforts to boost manufacturing and export.