Industry Dynamics

The Manufacturers Association of Nigeria (MAN) has cried out over the defiance by Nigerian banks of a Central Bank of Nigeria (CBN) directive to allocate 60% of all forex allocations to manufacturers.

Zimbabwe's clothing industry is under pressure from a worsening economy, which has rendered most local clothing lines uncompetitive against cheap imports that have flooded the market.

Nanchang — Lake Poyang and Lake Victoria, the largest freshwater lakes in China and Africa, respectively, are to witness closer cooperation in ecological protection and development, Chinese researchers have said.

Tanzania has commended China for various forms of support that China has been providing.

Adrar — The year 2017 will mark the end of cement import in Algeria, said Sunday Minister of Industry and Mining Abdessalem Bouchouareb during a working visit to Adrar (1543-km south of Algiers).

China and South Africa have signed a deal aimed at expanding bilateral trade in fruit. The China Entry-Exit Inspection and Quarantine Association (CIQA) and Fruit South Africa (FruitSA) signed a Memorandum of Understanding Monday to broaden fruit trade between two countries.

The Kenya Private Sector Alliance said Kenya had no capacity to build roads and the demand to manage the Kenya Rural Roads and Kenya Urban Roads authorities was largely informed by a desire for more money, not quality.

The federal government's initiative to attract foreign investments into the country is beginning to yield results, just as Innoson Group is partnering a consortium of Chinese investors to invest a whopping $1 billion into Nigeria's information technology (IT) sector.

Three years ago, Oxford University physicist Henry Snaith, one of the earliest researchers of perovskite, said that material would usher in a "new era for low-cost, high-efficiency" solar cells.