Industry Dynamics

The World Bank approved the Regional Off-grid Electrification Project (ROGEP) on April 17, including a $150 million International Development Association (IDA) credit and a $74.7 million renewable energy and clean technology fund.

It is reported that South Africa will spend billions of rand to maintain the energy needs of large projects in Africa.

Malaysia's Golden Africa will invest in Ethiopia's edible oil production, creating jobs for 1,500 people in two years.

Arerti Ceramics Manufacturing, a Chinese company has signed an agreement with the Ministry of Mines and Petroleum to start mining bentonite minerals in the Amhara region of Ethiopia.

The Ethiopian Ministry of Agriculture has announced a plan to refresh the wheat import history within four years.

Kenya's dairy industry regulator recently said that in order to compensate for the production deficit, Kenya may import about 200 million liters of milk from the East African Community (EAC) this year.

According to Fitch, one of the world's three major international rating agencies, in sub-Saharan Africa, Ghana's vehicle import tariffs are as low as 31%.

Namibia has been a dumping ground for cheap and inferior chicken products mainly in Brazil. Over the years, this chicken product has competed fiercely with local chicken producers.

In IMF World Economic Outlook, the IMF talked about Ghana's economic growth rate of 8.8%, which is expected to become the fastest growing economy in the world in 2019. Last year, the country's economic growth rate was 5.6%, ranking sixth in Africa.