Industry Dynamics

Moroccan expert in strategy and economic diplomacy Amine Laghidi believes Morocco has the potential to become a hub for the transformation of African agricultural and industrial exports after the COVID-19 pandemic releases its global chokehold.

The National Bureau of Statistics (NBS) on Wednesday said that the Federal Government imported into the country in 2019 was 20.89billion litres.

Avocados have become Tanzania's latest green gold, bringing in at least $12 million (Sh27.6 billion) annually, up from zero five years ago, a new report reveals.

With the ongoing seasonal rains, Tanzania has been hit by flash floods for the first week of May. Floods were reported to hit key agricultural regions in Southern, Northern, Central and Western Tanzania with damages to households.

Major producers in April agreed to a production cut deal by 10 million barrels a day in May and June. The record production cut is a way of balancing the mismatch between supply and demand in global oil prices due to the coronavirus pandemic.

Tomato is an important vegetable crop in Nigeria. It is widely grown for home consumption and for sale. Its demand is high both for domestic use and markets.

In a statement, the ministry said it is aware of the high consumption of butane gas during the month, emphasizing that it has been monitoring the situation of the national market continuously to ensure all needs are sufficiently met.

Zimbabwe farmers started selling their tobacco crop on Wednesday after the coronavirus outbreak delayed the opening of auctions, which provide vital foreign currency inflows, by more than a month.

The French Development Agency (AFD) has agreed to give the Moroccan bank Credit Agricole du Maroc (CAM) a MAD 560 million ($54 million) credit line.