Africa prepares for area trade growth [Business Africa]

Lengthy thought-about a latecomer, Africa is launching itself into area with ambition and drive.

With huge gaps in communication, training and science, the demand for satellite tv for pc capability in Africa is rising quick.

The African area trade is predicted to high $22 billion by 2026. In 2022, international locations allotted a complete of $539 million to their respective area applications.

A Chinese language-backed spaceport deliberate in Djibouti has been touted as a sport changer.

In an indication that that the continent deems area as a strategic trade, the African Union in January inaugurated the African House Company primarily based in Cairo.

Rorisang Moyo is an area trade analyst with House in Africa. She joins the present with insights on alternatives and challenges within the African area financial system.

Senegal eyes grain self-sufficiency

Provide chain issues, rising grain costs and inflation attributable to the battle in Ukraine have had Senegal rethinking dependence on international wheat.

The nation imports 800,000 tonnes of the grain per yr. Now an formidable effort is underway to switch imports with homegrown grain.

Congo: New plant to export gasoline to Europe

As Europe cuts its reliance on Russian vitality, Congo is coming to the rescue. The nation has damaged floor for a brand new gasoline plant by Italian oil big Eni.

Located on Congo’s Atlantic coast, the power will pump greater than 4.5 billion cubic metres a yr for home and export markets.