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Using Nigeria’s oil to diversify the national economy

Egypt’s Gas Production






Egypt’s oil production has been in decline for almost two decades; however this has been offset by the development of the natural gas industry. In fact, natural gas production
 has increased fivefold since the mid-1990s. Up to around 2004, gas production had increased by just enough to cater for rising consumption levels. Between 2005 and 2006 there was a surge in production, contributing to significantly higher hydrocarbon exports and growth of the region’s GDP.

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Africa Brief: Timing vital for African success, Zambian telecoms, campaign begins in divided Mali and more











Timing is crucial for both companies and investors, seen in a recent report produced by Avior. Wrong execution or timing could damage investor confidence and destroy capital. For instance, Altech operations in Nigeria and Kenya have been generating significant losses until disposal thereof in January 2013. Altech’s net cash re­sources have dwindled from Rl.6bn to a net debt position of around R800 million over the past four years. The researchers concluded that the best time to buy into a company depended on the differential between growth in South Africa and growth across its borders, as well as the extent of the company’s exposure to the rest of Africa.

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KPMG Africa on Social Media

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