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Among them, 111 SOEs, mainly from the non-ferrous metal, chemical, coal and transportation sectors, saw net profit growth of more than 100 percent. Meanwhile, 26 firms suffered losses, down from 40 in 2016.

Amazon’s net sales rose 26% to .5 billion during the quarter, exceeding Wall Street’s expectations. But profits fell more than 30%, as the costs of scaling up for the pandemic weighed on the Seattle tech giant’s bottom line.

Amina noted that initiatives like the African Tech Challenge provide great opportunities for businesses, manufacturers and the private sector to enhance their chances for prosperity.

Amazon’s aerial delivery drones: How Jeff Bezos’ big idea could actually fly

Among the arrested, 2,210 have been charged with crimes including rioting, unlawful assembly and possession of offensive weapons, among others.