Industry Dynamics

The Ghana Cocoa Board (COCOBOD) has signed a $1.13 billion syndicated loan to finance the purchase of cocoa beans for the 2022/2023 crop season.

The Minister of Public Business Sector, Mahmoud Esmat, revealed the ministry's tendency to expand the manufacture and production of car tires locally, in cooperation with one of the major Italian companies specialized in the field.

The Ready-made Garments Export Council of Egypt (RMGEC) said the sector’s exports hit $1.44 billion in the period from January to July 2022, marking a 35 percent rise in comparison with the same period in 2021.

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.