Industry Dynamics

As Nigeria’s oil and gas sector continues to undergo unprecedented reforms, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu has reiterated the government’s resolve to reduce importation of petroleum products from the present 95 per cent to 60 per cent by 2018.

Development of Africa's human capital has been identified as key aspect to achieve industrialization.

Uganda needs to foster a higher level of industrial development to drive its economic transformation, the United Nations Economic Commission for Africa (UNECA) advised.

The fund would be drawn from the 1.6 per cent natural resource fund domiciled in the Federation Account for the development of agriculture, mining and water resources sectors.

THE government, yesterday, announced plans to set up three mega oil-pipelines connecting the seaports of Tanga and Dar es Salaam to upcountry regions and neighbouring countries partly to reduce fuel prices and spur economic growth.

The Petroleum Industry Governance Bill, PIGB, when signed into law will create more jobs for Nigerians and foster a conducive business environment for petroleum operations.

The Ministry of Education has received a Sh150 million financial assistance aimed at improving the quality and relevance of technical and vocation training systems in Kenya.

The new Chinese Belt and Road Initiative is believed to give impetus for the ever growing manufacturing industries in Africa that demands huge capital for infrastructure development.

Prime Minister Hailemariam Desalegn discusses Ethiopia’s plans to shift from an agrarian-based to an industrial-based economy and outlines opportunities for investors