Industry Dynamics

Zimbabwe has registered its largest wheat harvest in 2022, 375,000 tons, making the austral African country a self-sufficient agricultural powerhouse.

The company stated that the Nargis-1 well has encountered approximately 200 net feet (61 m) of Miocene and Oligocene gas bearing sandstones and was drilled in 1,014 feet (309 m) of water by the Stena Forth drillship.

Mombasa-based gas and petroleum company Fossil Supplies Ltd plans to construct a new liquefied petroleum gas (LPG) terminal near the port of Mombasa at a cost of Sh1.97 billion.

Morocco's agricultural and maritime food products exceeded the threshold of MAD 80 billion ($7.79 billion) for the first time in 2022.

Power producer Kenya Electricity Generating Company (KenGen) has said it plans to increase its power generating capacity by 3,000 megawatts (MW) over the next 10 years.

Morocco's textile industry has outperformed pre-pandemic levels hitting 3.26 billion dollars in exports up to November this year according to foreign exchange data, but professionals warn of the heavy dependence of Moroccan textile sector on imported material.

Egypt's exports of liquefied natural gas registered 4.86 million tons in the first nine months of 2022, compared to 4.35 million tons during the same period in the previous year, the Cabinet’s Information and Decision Support Center (IDSC) announced.

Recent rainfalls will contribute to the improvement of Morocco’s agriculture, which has been affected by the most severe drought in three decades.

Although Côte d’Ivoire is the world’s top cocoa producing country, accounting for around 45% of the global cocoa beans production, the country receives just 4% of the chocolate industry’s estimated annual returns worth $100bn.