Tag Archives | potential
Unlocking Africa’s agricultural potential is key to allowing the continent’s growing population to benefit from the available resources.
Back in March 2012, Tullow announced that it had discovered some oil in the Turkana region in Kenya. The commercial viability of the oil is yet to be determined. The Ngamia find is expected to support investment in Kenya over the short-term, and if the oil find does indeed prove to be commercially viable, investment could rise strongly in the medium- to long-term.
Mozambique is viewed to be one of the African countries that will be most able to boost its share of foreign direct investment inflows to the continent over the medium-to long-term. Apart from the large-scale expansion of coal production, natural gas exploration activities and plans to build LNG plants have helped to boost foreign investment.
While many regions around the world are now experiencing slow or stagnant economic growth, Africa stands out as a land of significant untapped opportunity. The continent boasts the highest levels of resource reserves in the world, Gross Domestic Product (GDP) is growing at around 5 percent per year and populations are set to double by 2050.
In this episode of the Africa Conversation Series, the panel of industry experts discuss the challenges that infrastructure poses of the progression and economic growth of Africa. The constraints to growth posed by inadequate infrastructure – whether it be road, rail, power, or ICT – is all too familiar. There is persistant talk of need to be physically building Africa. In this episode we hear a discussion on the pace of transformation and the strides that have been take in the area of infrastructure in Africa.