Tag Archives | global
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.
Building a strong foundation for Africa – business continuity management & infrastructure resilience
Nowhere is infrastructure resilience more important than in Africa. As the continent once considered ‘dark’ emerges into a brilliant new era of growth and stability, much of her success will depend on the quality and resilience of infrastructure.
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.
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.
According to the US EIA, Algeria had proven natural gas reserves of 159 trillion cubic feet (Tcf) in 2012. At current production levels, this would provide output for another 57.7 years. More than half of these reserves are located in the Hassi R’Mel field. Algeria’s production of marketed gas placed it in 10th position on a global basis in 2011. Algeria is also the third largest supplier of natural gas to Europe. However, after peaking in 2005, gas production has decreased over the past few years, contributing to the contraction of the hydrocarbon sector.
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.
In February 2013, KPMG in Chile published the Quarterly Commodity Insights Bulletin, focusing on Copper. With overall copper demand expected to increase 3.6% in 2013 and 4.3% in 2014, the following are some of the insights gleaned from the Bulletin… World copper mine production increased 2% year-on-year to 16.60Mt in 2012. Production from Chile, the world’s largest copper producer, increased 4% year-on-year to 5.48Mt, after a lower mine production in 2011 due to a series of labour disputes, extreme weather, and declining ore grades.
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 …
Last year saw the expansion of global fashion brands expanding into South Africa, due to the increasing consumer culture; Africa attracts investments from international companies. Global retailers are looking for new income streams in SA, as it has a relatively untapped market. This puts pressure on local retailers to shorten their merchandise cycle to remain competitive with the other brands. This means a wider variety for local consumers as more brands expand into SA, which previously had a conservative clothing market.