Industry Dynamics

According to World Bank statistics, the percentage of global exports to GDP has been increasing, from 12% in 1960 to 29% in 2017.

In an attempt to strengthen its ties with China recently, Kenya is seeking to leverage the ongoing 2019 Beijing International Horticulture Expo to access the Asian country's market.

The Tanzania Tourist Board (TTB) said it expects to increase the number of tourists from 1.49 million last year to 2 million next year.

According to relevant reports, the poor performance of the African seed industry is threatening the food security of the African continent.

The Manufacturers Association of Nigeria (MAN) high-power roundtable discussion event was recently held in Kano State.

The flower exporter Oserian Development Company has launched a new solar power plant with a capacity of 1 MW. Combined with existing geothermal power generation, the company will produce enough renewable energy for tenants and residents of local industrial parks.

South Africa's state-owned oil company Strategic Fuel Fund (SFF) has signed an exploration and production sharing agreement (EPSA) for fuel in the B2 region with South Sudan.

Although there are a number of major risk factors that may limit economic growth in the region, construction activity in sub-Saharan Africa is expected to increase, according to the latest report.

It is reported that the trade value of cocoa products in Africa reached US$5.1 billion in 2018.