Industry Dynamics

The expansion of the African fast food market has increased the market size of African dairy products. As of 2018, the market value of fermented dairy products in Africa is 11.16 billion, and it is expected that the compound annual growth rate will be 4.9% in 2019-2025.

The bee industry in Ethiopia has huge investment potential. Its climatic conditions are conducive to planting plants and crops and is very suitable for beekeeping.

The poultry industry is an important sub-sector of agriculture in Ethiopia. Poultry meat accounts for 5% of the country's total meat production. At present, the current Ethiopian poultry population is about 56 million, but the average per capita consumption is less than 1 kg.

Ghana to establish $2.8 billion pulp mill to boost the paper industry and exports to the West African sub region.

A United Nations report shows that foreign investment in sub-Saharan Africa increased by 13% last year to $ 32 billion, reversing the global downward trend in the past two years.

Ghana will provide automakers with local factories with up to 10 years of tax breaks in an attempt to attract international automakers such as Volkswagen AG and Nissan Motor Co.

On November 19, the International Trade Center (ITC) organized a project under the Partnership for Investment and Growth in Africa (PIGA) project.

Africa is one of the fastest growing markets in the world, and demand for cosmetics is growing at a frantic pace.

The rapid development of Kenya's pharmaceutical industry provides excellent opportunities for exporters and manufacturers. Kenya is currently the largest pharmaceutical producer in the COMESA region, supplying about 50% of the pharmaceutical market in the region.