Industry Dynamics

The local textile industry was boosted after the Nigerian government decided to impose a three-year zzero-rate Value-Added Tax on locally produced textile suppliers.

Ethiopia is the world’s seventh largest producer of coffee and could well use the business opportunity in China. Ethiopian consume half of their coffee as the Horn of Africa country leads the continent in domestic consumption.

According to the analysis of Namibia's fiscal year 2017/18, imports of fruit and wheat in Namibia are as high as 96%, and imports of pearl millet and white maize are 60% and 40% respectively.

Kenya’s president has announced plans to move the country to 100% green energy by 2020, as it scales up renewable investment.

In its efforts to address its "epileptic and erratic" electricity supply, the West African state of The Gambia is finding alternative solution in renewable energy.

Several East African countries have agreed to ban imports of second hand clothes by next year. Rwanda, Tanzania and Uganda have already started taxing them more heavily.

According to the Nigerian government, during the Christmas period, Lagos (the capital of Nigeria) economy has achieved a substantial increase of N50 billion in entertainment, cash transactions in hotels and creative industries.

Kenya has taken less than a decade to make giant strides in its energy sector. Key to this are two iconic renewable energy projects that have benefited from the decisive support of the African Development Bank: Turkana Wind Farm and Menengai Geothermal Power Station.

According to reports, East African countries have become Africa's largest avocado exporters. As a major exporter of tropical fruits, South Africa lags behind Kenya for the first time in 2017, with exports of 43,492 tons.