Industry Dynamics

The same source also reported an increase in the index of mining production which increased by 33 percent. This development is the result of an increase in the index of production of miscellaneous mining products and metallic minerals by 34.7 and 1 percent, respectively.

The government of Nigeria has announced the award of a $5.8 billion contract to build the largest power plant in the country. The 3,050 MW Mambila hydroelectric power project in the state of Taraba will be delivered by various Chinese state-owned construction firms.

Though global manufacturing growth is expected to accelerate in 2017 thanks to a steady recovery in industrialized economies and the reversal of negative trends observed in Latin American economies in 2016

Morocco’s African-oriented economic approach is starting to bear fruit. According to the group’s earnings report for 2017’s first half, the OCP achieved an exceptional performance on the African market, with the continent accounting for 40 percent of Moroccan fertilizer exports.

Concerned about the slow-paced growth of Nigeria’s Cotton, Textile and Garment (CTG) industry, a London-trained textile investor and fashion industrialist.

Morocco was the major supplier of fruits and vegetables to Spain in the first half of 2017, with a total value of EUR 404 million, a press release published by the Spanish Federation of Associations of Producers and Exporters of Fruits,Vegetables, Flowers, and Live Plants(FEPEX) ...

The Energy Commission says it will by next month stop non-certified electricians from practising and flush out their operations to ensure the use of standardised wiring materials in all parts of the country.

Having increased production capacity to meet local demands, cement producers are beginning to explore opportunities in the export markets to improve their trade margins and buffer shocks that may arise from the markets where their investments are domiciled. FEMI ADEKOYA writes.

Moroccan companies are expecting a notable increase in industrial production for the last quarter of 2017, but they still lack visibility in terms of sales, according to the monthly economic survey conducted by Bank Al-Maghrib for July.