Industry Dynamics

In the third quarter of 2018, 6 million pairs of shoes were imported, representing an increase of 17%.

With a population of more than 100 million, Ethiopia has been one of the fastest growing economies in Africa for many years. According to reports, the government hopes to stimulate national development and economic growth by attracting more foreign direct investment.

The Nigerian government recently said that the leather industry could bring about $60 billion in foreign exchange earnings to the country.

This forecast by Jaguar Land Rover South Africa was based on the uptake of EVs in the domestic market matching the global average of EVs accounting for up to 11 percent of all new cars sold in 2015.

It is reported that with the changes in the economic situation, rapid urbanization and the increase in the incidence of chronic lifestyle diseases, the annual growth rate of the African pharmaceutical industry is expected to be 9.8% between 2010 and 2020.

The term "halal," as it applies to cosmetics, means a product manufactured and produced using ingredients permitted under Islamic Sharia law.

The Zambia Development Agency says the demand for Zambian honey in foreign markets such China and other countries is on the rise.

At present, the construction industry in Kenya is booming. According to the Kenya National Bureau of Statistics, the real estate and construction industries have remained the main driver of Kenya's economic growth for the past five years.

According to the report, Kenyan firms invested in installing about 15MW of onsite solar power. This year, different firms said they planned to install an additional 26MW, with manufacturers being among the players actively taking up solar.