Industry Dynamics

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.

In 2015, government moved to phase out importation of used clothing and footwear. The aim was to achieve self-reliance and boost local production.

In what looked like a practical move towards building a favoured destination for foreign direct investments, organisers of the Made-In-Nigeria (MaIN) Festival are putting together activities to promote the ease of doing business in Nigeria on the front burner of discourse.

Companies interested in East Africa's hydrocarbons have started putting their capital into countries with proven resources and decent fiscal terms.

Luanda — At least 860 locally manufactured products, especially food produced in various regions of the country, are bearing the "Made in Angola" label issued by the Ministry of Economy since the programme was launched in 2102.

Heavy custom duties are hampering the Made-in-Rwanda campaign as the Government moves to phase out used clothes, textiles manufacturers have said.

DAR ES SALAAM, Aug. 27 (Xinhua) -- Tanzanian authorities said on Saturday that the country will sign a 400 megawatts power purchase agreement with Ethiopia in the coming weeks.