Industry Dynamics

A recent study published by the Egyptian Center for Thought and Studies stated that Egypt plans to increase the supply of electricity generated from renewable sources to 42 percent by 2035.

The report, published by the Euro-Mediterranean Circle of Textiles, Clothing, and Fashion Leaders (CEDITH), indicates that Morocco is now the eighth provider in this sector, compared to the same period last year when it ranked in 7th place.

Ghana is set to start mining iron ore by the end of 2023, this is according to the Board Chairman of the Ghana Integrated Iron and Steel Development Corporation (GIISDEC), Farouk Aliu Mahama.

The giant refinery being built in Nigeria by Africa’s richest person, Aliko Dangote, will finally start operations by mid-2023, according to the state oil company, which has a 20% stake in the project.

Ministry of Water and Energy prepares new investment policy to encourage private sector investment engagement in solar energy investment. Ethiopia last week has hosted the fourth Regional Committee Meeting for the Africa Region of the International Solar Alliance /ISA/ from 29-31...

The project is being held inside the Jushi factory specialized in the manufacture of fiberglass in the Chinese industrial zone “TEDA” through a partnership between the Jushi factory and Inara Capital, which works in the field of renewable energy.

Ciment du Maroc, a Moroccan subsidiary of German cement manufacturer HeidelbergCement Group, reported a 5% increase in quarterly turnover at the end of the second quarter of 2022.

This improvement is mostly due to a 31.6% rise in the production at the National Office of Electricity and Drinking Water (ONEE), and that of renewable energies offset by decreased private sector output, the DEPF detailed.

The Ghana Cocoa Board (COCOBOD) has begun a roadshow in Europe to raise about US$1.3 billion dollars for the 2022/2023 cocoa crop season, a move that will bring inflows of dollars into the economy to slow down the depreciation of the cedi.