Industry Dynamics

Parliament has approved an amount of US$1,300,000,000 syndicated loan for the Ghana Cocoa Board (COCOBOD) for the purchase of cocoa for the 2017/2018 crop season.

As River Nile, the longest in the world, snakes through central Uganda, Chinese engineers and their local counterparts are constructing a multi-million US dollar power plant on its bank in the remote Kayunga district.

It is a common knowledge that Ethiopia is a country in which the livelihood of 85 percent of its population depends on agriculture. The sector has always been the pace setter of the country’s economy.

Rainbow Rare Earths Ltd plans to build a mineral processing plant in Kabezi district, 10 km south of Bujumbura, the capital city of Burundi.

The leaders of Tanzania and Uganda on Saturday laid a foundation stone for the construction of a Sh360.5 billion crude export pipeline that would pump Ugandan oil for international markets.

President Museveni and his Tanzanian counterpart John Pombe Magufuli, last Saturday laid the first foundation stone for construction of the proposed East African Crude Oil Pipeline (EACOP), for the development of the multi-billion dollar project within the stated timeframe.

The use of costly diesel-fired generators at the Coast will drop substantially following the commissioning of a transmission line to access cheap power produced at the Olkaria geothermal fields in Naivasha.

Acting President Yemi Osinbajo will inaugurate a new fertilizer plant, built by Indorama Eleme Fertilizer and Chemicals Limited in Port Harcourt, Rivers State.

The Organisation of Petroleum Exporting Countries, OPEC oil output rose in July by 90,000 barrels per day (bpd) to a 2017 high, led by a further recovery in supply from Libya, one of the countries exempt from a production-cutting deal, a Reuters survey showed.