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Industrial Dynamics

Nigeria’s Dangote to set up oil trading arm for Lagos mega refinery
The construction of the refinery, a project spanning nearly a decade, incurred costs of approximately $20 billion, overshooting the initial budget by $6 billion. Despite these challenges, the facility has commenced operations, refining an estimated 8 million barrels of oil between January and February. However, reaching full operational capacity will require several more months.

2024-03-07
Egypt’s building materials exports record $8.8B in 2023 2024-02-20

Egypt experienced a growth in its building materials, refractories, metal industries, and construction sectors from January to December 2023, the total value of these industries reached $8.8 billion, marking a 26 percent increase compared to $6 billion during the same period in 2022.
Firm, FUNAAB Partner for Entrepreneurial Poultry Project 2024-02-16

Fueled by a shared vision of nurturing future agricultural leaders and boosting Nigeria’s food security, natnudO Foods, the food processing arm of Amo Farm Sieberer Hatchery Limited, has joined hands with the Federal University of Agriculture, Abeokuta (FUNAAB) in an innovative initiative.
Egyptian ready-made clothing exports reach $2.4B in 2023 2024-02-15

In 2023, the exports of ready-made clothing from Egypt reached a total of $2.437 billion. The President of the Egyptian Ready-made Garments Export Council of Egypt (RMGEC), Marie Louis, stated that their goal for 2024 is to restore the positive performance of exports.
Ghana earned $521.86m from crude oil in second-half of 2023 2024-02-08

Ghana earned $521.86 million from crude oil in the second half of 2023, the Second-Half Ghana Petroleum Funds 2023 has revealed. Out of that, the country secured $319.73 million from crude oil liftings in the last six months of 2023.
Morocco’s Car Industry Exports Surge by 27%, Hit $13.9 Billion in 2023 2024-02-06

Last year marked the latest milestone for Morocco’s continuously expanding automotive sector, as the industry dethroned the phosphate business to become the country’s largest exporting industry.
Morocco’s Car Industry Exports Surge by 27%, Hit $13.9 Billion in 2023 2024-02-06

Last year marked the latest milestone for Morocco’s continuously expanding automotive sector, as the industry dethroned the phosphate business to become the country’s largest exporting industry.
Akhannouch: Morocco Has Become Leader in Renewable Energies 2024-02-01

This large-scale project should expedite the electrification of certain countries and support the industrial and agricultural growth of the region, thus enhancing the standard of living for the population.

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