Industry Dynamics

The Nigerian Bottling Company (NBC) says it has set aside €15 million to achieve its plan of increasing solar power generation across all its plants in the country to 15 megawatts by the end of 2022.

Morocco’s Minister of Industry and Trade Ryad Mezzour and the Deputy Vice President at Millennium Challenge Corporation (MCC) Kyeh Kima have inaugurated the extension project of the “Bouznika Park Industries.”

Nigerian President Muhammadu Buhari inaugurated a $2.5 billion fertilizer plant with which Africa’s most populous country hopes to contribute to the global supply amid the impact of increasing prices in the aftermath of the Russia-Ukraine war.

In September 2021, the United States Department of Agriculture (USDA) had indicated in its report that "Mali will be the largest cotton producer in Africa for the 2021/2022 season, followed by Benin, Côte d'Ivoire and Burkina Faso.

The push by the government for cleaner and green energy has received a major boost with Kenya Electricity Generating (KenGen) company exploring more geothermal power in Eburru area in Gilgil constituency.

Brent crude oil price soared past $118 a barrel on Thursday, the highest level in nine years, as escalated Russia-Ukraine conflict and tightened sanctions on Moscow by western countries, led by the United States, created supply and trade disruptions, The Economic Times reported.

Ethiopian Railways Corporation is among the major state-owned enterprises that have been announced as slated for partial or full privatization. Specific details on the privatization process of the Ethiopian Rails Corporation are yet to be announced.

Egypt's Spinning, textiles and home furnishings during 2021 increased by about 25 percent to reach $1.567 billion, compared to $1.245 billion in 2020.

Renewvia Solar Nigeria Limited, a subsidiary of Renewvia Energy Corporation, has successfully connected about 2,000 new households and over 6,000 residents in five Niger Delta communities to solar hybrid mini-grid power electricity.