Tag Archives | energy
Probable Scenario: 1 The world has developed very dynamically, especially in China and India. Global energy […]
It is our pleasure to introduce to you the 2nd edition of the Sub-Saharan Africa Power Outlook, which has been prepared by our Infrastructure & Major Projects Group. The high growth of Sub-Saharan countries and the current developments in the power sector provide a broad range of new topics since the first edition of this report was launched in 2011.
As one of the most politically stable countries in Africa, it’s not surprising that Zambia is stepping forward as a worthy contender for potential investors looking to enter and/or expand operations on the continent.
Africa Brief: Gabon: Talks to exploit iron ore begin, Tsogo Sun goes high end in Nigerian hotel market and more…
Gabon has opened talks to develop the 1 billion ton Belinga deposit and will launch a tender process in 2016. Belinga is one of the world’s largest untapped reserves. However mining there will not be easy as the deposit is separated from the coast by hundreds of kilometres of rainforest.
Traditionally the frequency and intensity of North Africa’s sunlit days has been seen as a handicap, robbing much of the region of agricultural potential. With the development of solar power generation however that high rate of solar insolation is now considered a possible asset, one that could not only solve national power issues but also contribute towards the global movement for cleaner power production and offer local economies a notable boost through trade with energy-hungry Europe.
Barclays Africa Group is looking to dispose of about R400m assets this year as part of its strategy to exit noncore activities and reduce risk to revenue. The retail and business banking unit is looking to dispose of investment properties while the head office has a number of assets classified as property within corporate real estate services that are classified as held for sale.
In absentia healthcare has been around for a long time, utilising methods such as smoke signals, the post and two-way radio, but with the help of telephony (in particular mobile telephony), the internet and other IT technology such as satellites the possibilities for medical professionals and healthcare staff to communicate with one another and with patients at great distances…
The World Bank is likely to approve the funding of the expansion of the Inga hydro-electric dam in the Democratic Republic of Congo according to a bank official.
The Partner and Global Chairman, Energy and Natural Resources Sector, KPMG, Mr. Michiel Soeting, has said that the discovery of shale gas in the United States, which is a major importer of Nigeria’s crude oil, would pose a threat to Nigeria and at the same time provides an opportunity for the country to diversify its economy.
Plans to build a platinum refinery in Zimbabwe have been boosted after mining companies met the deadline for submission of construction and development proposals set by the Zimbabwean government.
Africa Brief: Zambia considers $1bn eurobond to plug deficit, Renewable energy adds to CIG’s ‘robust results’ and more…
President Jacob Zuma and his Democratic Republic of Congo counterpart Joseph Kabila have signed a treaty for the construction of the $80bn Grand Inga Project during Mr Zuma’s state visit that is expected to end today.
When it comes to global greenhouse gas emissions, Africa’s current contribution is relatively small but, as the continent continues to expand economically, this will increase as will the demand for greater power. Cultivating long-term renewable energy projects is therefore crucial to long-term sustainable development across the continent.
Africa Brief: Ghana plans oceanic terminal for imported LNG, Prosecutors Face big test as Ruto appears before ICC and more
In this Africa Brief: Ghana plans to build a floating liquefied natural gas (LNG) terminal off its Atlantic Ocean coast to receive imported gas that would be used to produce up to 1.500MW of electricity by 2016, a senior energy official said in Nairobi yesterday. Kenya’s deputy president appeared before the International Criminal Court (ICC) yesterday charged with co-orchestrating a post-election bloodbath five years ago, a case that will test the stability of a country seen as vital to security in East Africa. Grindrod is already considering a third phase expansion of its car terminal at Maputo port in Mozambique, which is a growing competitor to Trans-net’s car facility in Durban… and more.
On 25 July 2013, Southern Africa Zambia Chamber of Commerce and Industry (SAZACCI), in collaboration with Africa Exchange, hosted a successful Business Symposium on Zambia’s energy and mining sector, addressing the opportunities for investors. The Business symposium attracted an audience of more than 150 potential investors. It was held at the Wanooka Place Auditorium at KPMG’s Head office in Johannesburg, South Africa.
Zambia, the third-biggest emerald producer, will decide this week if it will allow stones mined in the country to be auctioned abroad, said Mines, Energy and Water Development Minister Christopher Yaluma. The government would base its decision on the success of an auction under way in the capital, Lusaka, by Gemfields’s local unit, he said in an interview yesterday at the sale.
Proudly sponsored by KPMG, the South Africa – Zambia Chamber of Commerce and Industry (SAZACCI) is working in collaboration with Africa Exchange to bring you this business symposium on Zambia. Join leaders of these industries to engage in conversation on Zambia’s economic landscape and investment opportunities, with a specific interest in the country’s mining, energy and water development sectors.
Algeria presents one of the largest oil and gas opportunities in Africa. Algeria is extremely reliant on its hydrocarbon sector, as it accounts for almost 40% of GDP, 98% of exports and 70% of fiscal revenuesAccording to the US EIA, Algeria had an estimated 12.2 billion barrels of proven oil reserves at the end of 2012 – the third biggest in Africa. That said, Algeria’s full hydrocarbon potential still has to be reliably established.
Angola has delayed plans for the start of stock-exchange trading by a year to 2016, with a futures and commodities market in Africa’s second-biggest oil producer set to open a year later. Angola expects its stock exchange to have a market value of 10% of gross domestic product within 18 months of its startup, he said. Angola’s largest banks, which include Banco Angolano de Investimentos and Banco de Poupanca e Credito, as well as cellphone companies Unitel and Movicel Telecomunicacoes, are expected to list on the exchange.
While the world may have seen tougher economic times, it can be said that the South African economy was not previously as connected and global in impact as now. The South African economy is primarily resource-driven and there is a marked impact when the energy and natural resources (ENR) sector does not perform well.
In recent times, the term going ‘green’ has gained notable traction in both the political and business world. Increasingly, we are called to realize the impact that our social and economic activities have on the environment around us, and in turn, the long-term implications that this impact has. In this article, we take a look at the key focus areas for Africa’s green agenda.
Over the past quarter, we have downwardly revised our forecast for the real GDP expansion of sub-Saharan Africa in 2013, 2014 and 2015. But to be clear, the overall trend is still positive, with real GDP growth increasing every year up to 2015, after which we expect the growth figure to remain at the same level in 2016.
Investment in Africa, and developing the perception of Africa as a promising investment destination, is key to the continued growth, development and success of the region …
Representing the world’s fastest-growing emerging markets, the Brazil-Russia-India-China grouping added South Africa to its ranks in 2011. Together the BRICS countries account for 42% of the world’s population …
Investment in renewable energy products is one promising way to bring energy to the disconnected households and businesses. Solar home products, LED lights, and rural charging stations can bring small amounts of power to people in remote areas …
Many JSE companies are seeing Africa as the new frontier and an important source of long-term growth, especially those companies doing business in mature markets. The International Monetary Fund forecast the region to grow at 5.5% both this year and next. By comparison, South Africa’s economic growth rate is forecast at just 2.7%.
Exxon Mobil, US energy producer intends to search for crude and natural gas in South Africa. Dave van der Spuy (resource evaluation manager at Petroleum SA) believes the level of activity and interest in SA is at its highest. With SA being the continent’s biggest oil importer, international energy companies with new technologies are entering SA. Mozambique is another energy province, with the largest gas finds.