Industry Dynamics

TracTrac, a Nigerian agricultural mechanisation service provider, has said that it is transforming farming for smallholder farmers in Nigeria, bridging the gap between farmers and modern mechanisation. 

Egypt's Ambassador in Abuja Mohamed Fouad has discussed in a meeting with Nigerian Energy Minister Adebayo Adelabu, ways of fostering the existing cooperation between the two countries in the fields of energy and electricity, as well as activating a memorandum of understanding si...

The cables sector led the way with a 72.8 percent increase in exports, followed by electrical appliances, which saw a 64.9 percent rise. Automotive components experienced a 9.5 percent increase, while home appliances recorded a 17.1 percent jump.

The company has already received a first payment of £425,000. A second payment of £1.325 million is expected in the second quarter of 2025, while a third payment of £750,000 is planned for the first quarter of 2026.

Acwa Power, the Saudi renewable energy giant, has announced tthis week hat plans are underway to build, own, and operate a 2-gigawatt (GW) wind power plant in South Hurghada, Egypt.

French manufacturer Alstom obtained a deal for 18 high-speed trains as part of the ONCF procurement but will not compete for the next three batches. These consist of 40 intercity trains, 60 suburban high-speed trains, and 50 regional express network trains.  

The General Petroleum Company (GPC) has announced plans to drill 41 new wells for oil and gas exploration and production in the Eastern and Western Deserts and the Gulf of Suez during the fiscal year 2025/2026.

The workshop also highlighted the need for close cooperation between the various actors involved in the project, from the Cameroonian authorities to contractors, financial institutions and technical experts. This cooperation has been essential to the success of Nachtigal, and exp...

The NOC reaffirmed its long-term commitment to strengthening Libya’s oil sector and cementing its position as a key player in the global energy market. As part of its vision, the corporation aims to implement advanced technologies, improve operational efficiency, and establish pa...