Industry Dynamics

In December 2017 when oil price was $64.37 per barrel, the NNPC’s Group Managing Director, Dr. Maikanti Baru, disclosed to journalists that the landing cost of petrol was N171.40, and that a metric tonne cost $620.

Many Nigerians paid more for petroleum products, including petrol and household kerosene in August, according to the data from the National Bureau of Statistics.

Uganda is a major exporter of milk and dairy products, with exports totaling almost zero from 10 years ago to about $80 million recently.

Global market prices for various grades of raw cashew are between $1,500 and $2,100 per tonne. However, the rates had come down to between $1,800 and $2,000 per tonne by May 2018 and declined further to between $1,600 and $1,800 by the end of June of this year.

The Moroccan craft industry has a huge influence on the Moroccan export economy. Latest Moroccan data shows that Moroccan Artisan Product Exports Increased by 93% over 2017.

Mobile phone users in Africa have grown rapidly in recent years, especially in sub-Saharan Africa, and Nigeria remains the largest telecommunications market in Africa.

Over the past 5 years, Morocco produced 2 million tons of citrus on an area of over 125,000 hectares.

Morocco has become a pioneer in the African continent's automotive industry. In the past decade, the Moroccan automobile industry has achieved remarkable growth.And it has attracted internationally renowned investors.

The Northern Regional Minister, Salifu Saeed, has appealed to the government to consider exploring solar energy and hydro power potentials in the three Northern Regions to boost power supply in the area.