Africa insustry and commerce news

Here are some recent news articles and updates on industry and commerce in Africa:

Economy and Trade

  1. Africa's economy to grow 3.4% in 2023: The African Development Bank (AfDB) has forecasted that Africa's economy will grow by 3.4% in 2023, driven by a recovery in commodity prices and improved economic conditions in several countries. (Source: African Development Bank)
  2. US-Africa trade agreement to boost economic ties: The United States and Africa have signed a trade agreement aimed at increasing trade and investment between the two regions. The agreement is expected to boost economic ties and create jobs in both countries. (Source: US Department of Commerce)
  3. Africa's intra-regional trade to increase: The African Continental Free Trade Area (AfCFTA) is expected to increase intra-regional trade in Africa, with the continent's trade volume projected to reach $6.7 trillion by 2035. (Source: African Union)

Industry and Manufacturing

  1. Nigeria's manufacturing sector grows 2.3%: Nigeria's manufacturing sector grew by 2.3% in the third quarter of 2022, driven by an increase in production in the food and beverages sector. (Source: National Bureau of Statistics)
  2. South Africa's automotive industry to invest $1.5 billion: The South African automotive industry is set to invest $1.5 billion in the next five years, with a focus on electric vehicles and autonomous technology. (Source: South African Automobile Association)
  3. Egypt's textile industry to benefit from new trade agreement: Egypt's textile industry is expected to benefit from a new trade agreement with the European Union, which will reduce tariffs on Egyptian textile exports. (Source: Egyptian Ministry of Trade and Industry)

Technology and Innovation

  1. Kenya's fintech sector grows 20%: Kenya's fintech sector grew by 20% in 2022, driven by an increase in mobile money transactions and digital payments. (Source: Kenya National Bureau of Statistics)
  2. Nigeria's tech industry to create 1 million jobs: Nigeria's tech industry is expected to create 1 million jobs in the next five years, driven by an increase in demand for digital services. (Source: Nigerian Ministry of Communications and Digital Economy)
  3. South Africa's startup ecosystem to receive $100 million investment: South Africa's startup ecosystem is set to receive a $100 million investment from a consortium of investors, aimed at supporting the growth of startups in the country. (Source: South African Startup Association)

Infrastructure and Energy

  1. Africa's infrastructure investment to reach $130 billion: Africa's infrastructure investment is expected to reach $130 billion by 2025, driven by an increase in demand for infrastructure development. (Source: African Development Bank)
  2. Egypt's energy sector to receive $10 billion investment: Egypt's energy sector is set to receive a $10 billion investment from a consortium of investors, aimed at increasing the country's energy production. (Source: Egyptian Ministry of Petroleum and Natural Gas)
  3. South Africa's renewable energy sector to grow 15%: South Africa's renewable energy sector is expected to grow by 15% in 2023, driven by an increase in demand for clean energy. (Source: South African Renewable Energy Council)

These are just a few examples of the many news articles and updates on industry and commerce in Africa.