Industry Dynamics

A senior oil ministry official said last week that the crude oil deposits discovered in Kenya were not enough to build a refinery.

The rise of the fast fashion industry in the past few years has driven the booming of the second-hand clothing industry. Second-hand clothing markets in Ghana, Nigeria, Côte d'Ivoire, Tanzania, Benin, Uganda and Kenya are active in trading.

Rwanda spends about $17.3 million anually to import mosquito nets according to a report by KP Economic Advisors (BKP), a Rwanda-based research firm.

After the price of coffee farms in Rwanda fell from Rwf 267 per kilogramme in 2018 to Rwf 190 this season, coffee growers have asked the government to take steps to help control market instability.

To address bread shortages in Zimbabwe, the government has revealed plans to engage a bakery in the production of standard bread with only locally produced ingredients.

Low production costs, increased market access opportunities, improved industrial infrastructure, and adequate supply of raw cotton have made Tanzania's textile and apparel industry one of the hottest gathering places for foreign investment.

Zimbabwe’s monthly electricity import bill has dropped to US$3 million from US$15 million due to massive power generation projects that have been undertaken by the government and institutional investors.

According to the forecast of relevant institutions, the demand for cement market in East Africa reached 14.4 million tons in 2017, and it is expected to reach 22.2 million tons by 2023. The annual growth rate of cement in 2018-2023 will reach 7.5%.

According to Luhaga Mpina, Tanzanian Minister of Animal Husbandry and Fisheries Development, there are 30.5 million head of cattle in Tanzania, which can produce 2.4 billion liters of milk a year, but still need to spend at least 30 billion shillings of imported milk every year.