A digital copy of the Business News 24 (08 January 2015 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
Zimbabwe is expected to increase its refined platinum output by 6% this year due to an expansion project at one of its mines, according to a report by the World Platinum Investment Council. Zimbabwe will boost production from 405,000 ounces last year to 430,000 ounces. This 6% growth is the highest among major platinum producers. In contrast, South Africa and Russia are expected to see declines in output of 6% each. The expansion project is occurring at Zimbabwe Platinum Holdings mine and is projected to allow for the increase in Zimbabwe's platinum production.
Greetings,
Attached FYI ( NewBase Special 28 March 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Gas prices claims its first victim, $40 Billion LNG Casualty
• Oman Oil Company Seeks $1 bn Funding for Khazzan Tight Gas Project
• Oman: New hydrocarbon opportunities under exploration in Block 53
• U.S. petroleum product exports continue to increase
• Scotland ends coal-fired electricity
• Oil prices rise in thin Asian trade after break
• Oil Halts Two-Day Slide After U.S. Rig Count Resumes Decline
• Oil Volatility to persist with Opec meeting in focus
• Subsea injection systems provide economic reward
• Oil Recovery Hits Saudi Devaluation Bet
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Dana Gas secured a $100 million loan to fund development of the Zora gas field in the UAE, which will provide 150 MW of gas per day to Sharjah once operational. Qatar's current account surplus is projected to narrow to 21.6% of GDP by 2016 due to lower oil prices and rising imports, though gas reserves are expected to last over 150 years at current production rates. The growth of shale gas production in the US is negatively impacting Middle Eastern petrochemical industries by increasing competition and reducing regional natural gas supplies.
New base 1019 special 12 april 2017 energy newsKhaled Al Awadi
Oil prices extended gains as Saudi Arabia is expected to support extending OPEC production cuts. Saudi Arabia reduced output below 10 million barrels per day in March. The new Oman Oil & Gas Regulations aim to strengthen regulations governing upstream activities and enhance safety and efficiency. Saffron Energy received approval to begin gas production at its Bezzecca field in Italy.
The document discusses several oil and gas industry news stories:
1) Abu Dhabi's Shah Gas project will supply 500 million standard cubic feet per day of gas when complete in late 2014, contributing significantly to Abu Dhabi's energy needs for over 30 years.
2) Oman plans to gradually reduce some subsidies in 2015 as global oil prices decline, pressuring government finances. Fuel subsidies are seen as an obvious target.
3) A Technip-Fluor joint venture wins a contract for the utilities, interconnecting and offsites scope of work for Malaysia's Rapid integrated refinery and petrochemical project.
Tracking the trend an assessment of diamond mining sector tax contributions ...ZELA_infor
The document provides an overview of Zimbabwe's extractive sector, with a focus on diamond mining. It notes that diamond mining has become increasingly important to Zimbabwe's economy since the discovery of the Marange diamond fields in 2006. However, the sector has been plagued by secrecy, corruption and human rights issues. While diamond production has increased over 500% from 2009-2013, revenue collected by the government has declined over this period, with actual revenues falling far short of targets and expectations. Transparency around payments by mining companies is lacking, with conflicting figures provided by different government entities. The document calls for reforms to increase transparency, accountability and oversight of the mining sector.
Excitement in Tanzania’s gas potential is being tempered by
increasing resource nationalism as the East African country’s people
call for improved national development, other than gas exports.
Daniel Brett explores this intriguing situation exclusively for the
OPEC Bulletin.
The document discusses hydrocarbon reserves and production in the UAE and Oman. It contains the following key points:
1) The UAE has large proven oil and gas reserves of 138 billion barrels that would last 88 years at the current production rate. Abu Dhabi has accumulated considerable financial assets and could finance deficits for many years even if oil prices fall below $70-80 per barrel.
2) Oman's oil production rose 2.5% in 2013 while exports increased 9.7%, with significant growth to India and China. Natural gas production and imports also rose 4%.
3) OOCEP will play an active role as a 40% partner with BP in developing Oman's large Block 61
Zimbabwe is expected to increase its refined platinum output by 6% this year due to an expansion project at one of its mines, according to a report by the World Platinum Investment Council. Zimbabwe will boost production from 405,000 ounces last year to 430,000 ounces. This 6% growth is the highest among major platinum producers. In contrast, South Africa and Russia are expected to see declines in output of 6% each. The expansion project is occurring at Zimbabwe Platinum Holdings mine and is projected to allow for the increase in Zimbabwe's platinum production.
Greetings,
Attached FYI ( NewBase Special 28 March 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Gas prices claims its first victim, $40 Billion LNG Casualty
• Oman Oil Company Seeks $1 bn Funding for Khazzan Tight Gas Project
• Oman: New hydrocarbon opportunities under exploration in Block 53
• U.S. petroleum product exports continue to increase
• Scotland ends coal-fired electricity
• Oil prices rise in thin Asian trade after break
• Oil Halts Two-Day Slide After U.S. Rig Count Resumes Decline
• Oil Volatility to persist with Opec meeting in focus
• Subsea injection systems provide economic reward
• Oil Recovery Hits Saudi Devaluation Bet
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Dana Gas secured a $100 million loan to fund development of the Zora gas field in the UAE, which will provide 150 MW of gas per day to Sharjah once operational. Qatar's current account surplus is projected to narrow to 21.6% of GDP by 2016 due to lower oil prices and rising imports, though gas reserves are expected to last over 150 years at current production rates. The growth of shale gas production in the US is negatively impacting Middle Eastern petrochemical industries by increasing competition and reducing regional natural gas supplies.
New base 1019 special 12 april 2017 energy newsKhaled Al Awadi
Oil prices extended gains as Saudi Arabia is expected to support extending OPEC production cuts. Saudi Arabia reduced output below 10 million barrels per day in March. The new Oman Oil & Gas Regulations aim to strengthen regulations governing upstream activities and enhance safety and efficiency. Saffron Energy received approval to begin gas production at its Bezzecca field in Italy.
The document discusses several oil and gas industry news stories:
1) Abu Dhabi's Shah Gas project will supply 500 million standard cubic feet per day of gas when complete in late 2014, contributing significantly to Abu Dhabi's energy needs for over 30 years.
2) Oman plans to gradually reduce some subsidies in 2015 as global oil prices decline, pressuring government finances. Fuel subsidies are seen as an obvious target.
3) A Technip-Fluor joint venture wins a contract for the utilities, interconnecting and offsites scope of work for Malaysia's Rapid integrated refinery and petrochemical project.
Tracking the trend an assessment of diamond mining sector tax contributions ...ZELA_infor
The document provides an overview of Zimbabwe's extractive sector, with a focus on diamond mining. It notes that diamond mining has become increasingly important to Zimbabwe's economy since the discovery of the Marange diamond fields in 2006. However, the sector has been plagued by secrecy, corruption and human rights issues. While diamond production has increased over 500% from 2009-2013, revenue collected by the government has declined over this period, with actual revenues falling far short of targets and expectations. Transparency around payments by mining companies is lacking, with conflicting figures provided by different government entities. The document calls for reforms to increase transparency, accountability and oversight of the mining sector.
Excitement in Tanzania’s gas potential is being tempered by
increasing resource nationalism as the East African country’s people
call for improved national development, other than gas exports.
Daniel Brett explores this intriguing situation exclusively for the
OPEC Bulletin.
The document discusses hydrocarbon reserves and production in the UAE and Oman. It contains the following key points:
1) The UAE has large proven oil and gas reserves of 138 billion barrels that would last 88 years at the current production rate. Abu Dhabi has accumulated considerable financial assets and could finance deficits for many years even if oil prices fall below $70-80 per barrel.
2) Oman's oil production rose 2.5% in 2013 while exports increased 9.7%, with significant growth to India and China. Natural gas production and imports also rose 4%.
3) OOCEP will play an active role as a 40% partner with BP in developing Oman's large Block 61
New base special 02 january 2014 khaled al awadiKhaled Al Awadi
The document discusses hydrocarbon reserves and production in the UAE and Oman. It contains the following key points:
1) The UAE has large oil and gas reserves that would last 88 years at current production rates, and per capita reserves are among the highest globally. Abu Dhabi specifically has accumulated large financial assets from fiscal surpluses.
2) Oman's oil production rose 2.5% in 2013 while exports increased 9.7%, especially to India and China. Natural gas production and imports also grew 4%.
3) OOCEP will play an active role as a 40% partner with BP in developing Oman's large Block 61 tight gas reserves, building on its experience with the Abu
New base 07 november 2017 energy news issue 1097 by khaled al awadiKhaled Al Awadi
- Adnoc's $3 billion bond offering was more than three times oversubscribed, receiving $11 billion in orders, demonstrating strong demand. Proceeds will support Adnoc's future growth plans.
- Aminex plans to add compression facilities at its Kiliwani North gas field in Tanzania to boost production rates, which are currently below target due to low reservoir pressure.
- Sudan is in talks with Scatec Solar to develop its largest solar farm yet at 400MW minimum capacity, hoping to have it operational within a year of signing an agreement.
The document discusses oil and gas exploration activities in various regions. Some key points:
- 13 new oil and gas discoveries have been made in 2014 so far, including 7 in the North Sea, 3 in the Norwegian Sea, and 3 in the Barents Sea.
- Exploration is ongoing with 8 wells currently being drilled as of June 24th. A total of 33 exploration wells have been started so far in 2014.
- Notable discoveries include several small oil finds by Statoil and Total near existing fields in the central North Sea, as well as multiple discoveries by Statoil in the Gullfaks area of the northern North Sea estimated to contain 3-12 million barrels of oil.
• US tight oil production and the future oil price
• Dubai:MD and CEO of DEWA receives CEO of First Solar
• UAE's Masdar inks deal to build Mauritania solar projects
• No 'significant' change in Saudi oil policy after king's death
• Algeria:To increase its oil output & renewable energy projects production
• Norway: Det norske commences drilling on the Ivar Aasen field
• Bangladesh:KrisEnergy completes 2D seismic program in SS-11
• India: Energy subsidies prove drain on Indian economy
• Oil producers in US not able to drill at $45 a barrel
• Oil price plunge to boost global M&A activity in 2015, says EY
This document provides a summary of business and economic news from Mongolia in Issue 130 of the Business Council of Mongolia NewsWire dated August 6, 2010. Key highlights include:
- Khan Resources winning a second court case reinstating its uranium exploration license in Mongolia.
- Petro Matad's shares rising after tests confirm the presence of oil in its first exploration well and it beginning a three-well drilling campaign.
- Ivanhoe Mines having "interesting discussions" with potential new strategic investors after easing restrictions on its shareholder registry.
- The EBRD and Khan Bank signing Mongolia's first co-financing facility agreement worth $10 million to expand Khan Bank's
The Abu Dhabi government is reviewing its energy and water subsidies with the goal of reducing consumption. Options being considered include increasing prices and implementing more targeted subsidies based on consumption levels. The reviews aim to curb wasteful usage given Abu Dhabi's high per capita energy and water consumption rates. Any subsidy reductions could increase living costs but may incentivize efficiency. Separately, NPCC launched a new corporate brand identity capturing its evolution from a small local company to a major international EPC provider. Finally, a well drilled in the UK confirmed an oil discovery in the Portland Sandstone formation and revealed further potential in the Kimmeridge Limestone, while not finding target reservoirs in the Triassic.
Greetings,
Attached FYI ( NewBase Special 28 September 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• ROYAL DUTCH SHELL PLC - Shell Updates on Alaska Exploration
• Morocco: Paying less in slump lifts Morocco above oil-pumping neighbours
• Russian oil producers head for tax showdown amid output warnings
• Oil prices fall on slowing global economic growth outlook
• Oil Traders May Look to the Sea for Profit Amid Price Collapse
• Iran Seeks $150 Billion to Target 8 Percent Annual Growth
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base energy news issue 947 dated 13 november 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 13 November 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Saudi energy minister in Algiers for talks - Algerian energy
• UAE: French oil giant Total to continue to invest in the UAE
• Iraq: Gas Plus Khalakan spuds fourth production well at Khalakan field in Kurdistan
• Iraq: DNO completes first phase of new Tawke drilling campaign
• Iran Tells OPEC It Raised Supply by Most Since Sanctions
• Norway: Aker BP announces start-up of production from Viper & Kobra
• Indonesia: KrisEnergy farms out Block A Aceh working interest to fund gas
• Oil Falls to Eight-Week Low as OPEC Output Gain Threatens Accord
• Oil Tankers Used to Store Millions of Barrels as Land Sites Fill
• IEA Raises Forecast for Non-OPEC Oil Output Growth Next Year
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
The document summarizes news from Mongolia across business, economic, and political topics. In business, a feasibility study for a coal washing plant in Mongolia was completed. Erdenes-TT expects to repay its debt to Chalco by the end of the year from coal sales. Mongolian and Japanese banks established a new leasing company called TDB Leasing. A Mongolian company acquired a 20% stake in a North Korean oil refinery to diversify Mongolia's energy sources away from Russia and China.
The document summarizes news from the Business Council of Mongolia newsletter. It highlights that MCS won contracts over $33 million, fuel shortages may impact SouthGobi operations, and Voyager Resources acquired a porphyry copper project. It also provides updates on bond issuances, World Bank optimism for Mongolia's growth but warnings about similarities to pre-2008 crisis conditions, and plans for the country's first sovereign bond issuance later in May.
NewBase Special 22 January 2015 with energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• The Federal Authority for Nuclear Regulation (FANR) is pleased to invite you P. Forum
• Qatar among the best in GCC to weather oil prices plunge: PwC
• Jordan, Shell Sign Gas Deal for LNG imports .
• Algeria Drops Plans to Drill for Shale Gas
• Water surpasses solar as GCC’s fastest growing renewable technology
• Saudia: Spain’s Abengoa Wins Deal, Solar-Powered Desalination Plant
• Gazprom stops South Stream to go for Turkey Stream Pipeline
• Oman Criticizes OPEC policies on Supplies & Demand
• Oil prices have reached ‘bottom’ but to remain below $100 for next years
• Kuwait Oil Minister: Better Economic Growth Needed To Absorb Oversupply
• Kuwait Oil Minister: Better Economic Growth Needed To Absorb Oversupply
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Towards a diamond act in zimbabwe.pdf.pdf1ZELA2013
This document analyzes Zimbabwe's legal and policy framework for diamonds and compliance with the Kimberley Process. It finds the framework inadequate and recommends developing a Diamond Act. The key points made are:
1. Zimbabwe's diamond sector has significant potential but has been plagued by problems like secrecy, corruption and human rights abuses in Marange. Existing laws are insufficient to curb issues like illegal mining and smuggling.
2. A review of laws finds gaps in licensing, security, transparency, accountability and beneficiation. Compliance with Kimberley Process minimum standards on trade and exports is lacking.
3. Best practices in other countries are considered but local solutions are needed. A Diamond Act is proposed to address legal
This document analyzes the outlook for the Gulf of Mexico floater market in 2014-2015. It finds that:
1) The GoM floater market may see some short-term oversupply in 2014 as up to 3 rigs roll off contracts, but demand is expected to outpace supply in 2015, tightening the market.
2) Most development projects remain economic at $70/barrel oil, but 20-30% could be at risk if oil prices fall below that. Exploration demand may be underestimated.
3) Increased midstream infrastructure is expected to link prices of U.S. benchmark WTI more closely to Gulf Coast benchmark LLS over time, which could challenge some Go
2012-09-20 Market Power Shifting to Subsea Equipment Players - D. GaciciaDarren Gacicia
- The document analyzes the shifting market power dynamics in the subsea equipment industry as demand increases.
- It forecasts that subsea tree demand will grow at a 19% CAGR through 2017, nearly tripling deliveries from 2011 levels. Existing orders and planned projects point to high visibility.
- Rising demand is expected to increase capacity utilization rates across the industry from below 50% currently to over 70% in coming years, tightening the market and giving pricing power to equipment providers.
Microsoft word new base 675 special 30 august 2015Khaled Al Awadi
The document discusses several energy news stories:
1) Fuel prices in the UAE fell by around 8% for September in line with declines in international benchmark prices over the past month. Diesel prices fell by almost 8% and petrol prices fell between 8-8.7%.
2) Oman's oil production remains profitable even if prices fall below $46/barrel due to average production costs of $12/barrel. However, a prolonged downturn could force companies to cut back on future projects needed to sustain long-term production.
3) ACWA Power achieved financial close for developing a new 445MW gas power plant and acquiring an existing 273MW plant in Oman, with funding
Greetings,
Attached FYI ( NewBase Special 04 Febrauary 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Qatar: Dolphin Energy achieves major output milestone of 6 TCF
• Indonesia: Andalas Energy and Power Farms Into Indonesian Oil, Gas Concession
• South Sudan, Sudan agree to peg crude pipeline fees to oil price
• Russia steals Saudi's crown as China’s top oil supplier
• India:Essar Group holds talks with Aramco, Iran firm on stake sale
• British Gas to cut 500 jobs as it shuts insulation business
• Italy: Rockhopper Exploration provides update on the Ombrina Mare
Oil prices extend gains on dollar-slide, talk of oil producer meeting
• World's biggest offshore wind farm to add £4.2 billion to energy bills
• Anadarko Ceases Production at Independence Hub in Gulf of Mexico
• Taking stock of oil’s spell cast over the world
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Greetings,
Attached FYI ( NewBase Special 05 March 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• ADNOC signs MoU with Korea's KNOC, KIGAM for cooperation on oil field development
• Qatar oil production drops to 674,000 bpd in January 2015
• Indian State of Gujarat to Get Two New LNG Terminals
• Asian Spot LNG Price Could See Short Term Relief,
• Angola: VAALCO Energy spuds its first well on Block 5 offshore
• Exxon Mobil reduces 2015 capex by 12%
• US:Oil production in federal Gulf of Mexico increasing
• Oil Price holds above $60
• 5 Big Geopolitical Risks for 2015
• Oil slump impact ‘limited’ on Qatar financial sector, says central bank
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base energy news issue 862 dated 31 may 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 31 May 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Bahrain: Mubadala and Occidental to exit Bahrain oil field
• Saudi's SABIC agrees petrochemicals project with China's Shenhua
• Pakistan: US offers to conduct and finance study on shale reserves
• MENA:Public-private participation for Mena infrastructure projects
• Norway: Battered by Crude Collapse, Faces Risk of Oil Strikes
• TANZANIAN GAS MARKET POST-2018 UNCHARTED
• US oil prices rise on start of summer driving
• OPEC Meeting Will Provide Heated Debate but No Freeze
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 20
A digital copy of the BH24 (06 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (04 August edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
New base special 02 january 2014 khaled al awadiKhaled Al Awadi
The document discusses hydrocarbon reserves and production in the UAE and Oman. It contains the following key points:
1) The UAE has large oil and gas reserves that would last 88 years at current production rates, and per capita reserves are among the highest globally. Abu Dhabi specifically has accumulated large financial assets from fiscal surpluses.
2) Oman's oil production rose 2.5% in 2013 while exports increased 9.7%, especially to India and China. Natural gas production and imports also grew 4%.
3) OOCEP will play an active role as a 40% partner with BP in developing Oman's large Block 61 tight gas reserves, building on its experience with the Abu
New base 07 november 2017 energy news issue 1097 by khaled al awadiKhaled Al Awadi
- Adnoc's $3 billion bond offering was more than three times oversubscribed, receiving $11 billion in orders, demonstrating strong demand. Proceeds will support Adnoc's future growth plans.
- Aminex plans to add compression facilities at its Kiliwani North gas field in Tanzania to boost production rates, which are currently below target due to low reservoir pressure.
- Sudan is in talks with Scatec Solar to develop its largest solar farm yet at 400MW minimum capacity, hoping to have it operational within a year of signing an agreement.
The document discusses oil and gas exploration activities in various regions. Some key points:
- 13 new oil and gas discoveries have been made in 2014 so far, including 7 in the North Sea, 3 in the Norwegian Sea, and 3 in the Barents Sea.
- Exploration is ongoing with 8 wells currently being drilled as of June 24th. A total of 33 exploration wells have been started so far in 2014.
- Notable discoveries include several small oil finds by Statoil and Total near existing fields in the central North Sea, as well as multiple discoveries by Statoil in the Gullfaks area of the northern North Sea estimated to contain 3-12 million barrels of oil.
• US tight oil production and the future oil price
• Dubai:MD and CEO of DEWA receives CEO of First Solar
• UAE's Masdar inks deal to build Mauritania solar projects
• No 'significant' change in Saudi oil policy after king's death
• Algeria:To increase its oil output & renewable energy projects production
• Norway: Det norske commences drilling on the Ivar Aasen field
• Bangladesh:KrisEnergy completes 2D seismic program in SS-11
• India: Energy subsidies prove drain on Indian economy
• Oil producers in US not able to drill at $45 a barrel
• Oil price plunge to boost global M&A activity in 2015, says EY
This document provides a summary of business and economic news from Mongolia in Issue 130 of the Business Council of Mongolia NewsWire dated August 6, 2010. Key highlights include:
- Khan Resources winning a second court case reinstating its uranium exploration license in Mongolia.
- Petro Matad's shares rising after tests confirm the presence of oil in its first exploration well and it beginning a three-well drilling campaign.
- Ivanhoe Mines having "interesting discussions" with potential new strategic investors after easing restrictions on its shareholder registry.
- The EBRD and Khan Bank signing Mongolia's first co-financing facility agreement worth $10 million to expand Khan Bank's
The Abu Dhabi government is reviewing its energy and water subsidies with the goal of reducing consumption. Options being considered include increasing prices and implementing more targeted subsidies based on consumption levels. The reviews aim to curb wasteful usage given Abu Dhabi's high per capita energy and water consumption rates. Any subsidy reductions could increase living costs but may incentivize efficiency. Separately, NPCC launched a new corporate brand identity capturing its evolution from a small local company to a major international EPC provider. Finally, a well drilled in the UK confirmed an oil discovery in the Portland Sandstone formation and revealed further potential in the Kimmeridge Limestone, while not finding target reservoirs in the Triassic.
Greetings,
Attached FYI ( NewBase Special 28 September 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• ROYAL DUTCH SHELL PLC - Shell Updates on Alaska Exploration
• Morocco: Paying less in slump lifts Morocco above oil-pumping neighbours
• Russian oil producers head for tax showdown amid output warnings
• Oil prices fall on slowing global economic growth outlook
• Oil Traders May Look to the Sea for Profit Amid Price Collapse
• Iran Seeks $150 Billion to Target 8 Percent Annual Growth
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base energy news issue 947 dated 13 november 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 13 November 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Saudi energy minister in Algiers for talks - Algerian energy
• UAE: French oil giant Total to continue to invest in the UAE
• Iraq: Gas Plus Khalakan spuds fourth production well at Khalakan field in Kurdistan
• Iraq: DNO completes first phase of new Tawke drilling campaign
• Iran Tells OPEC It Raised Supply by Most Since Sanctions
• Norway: Aker BP announces start-up of production from Viper & Kobra
• Indonesia: KrisEnergy farms out Block A Aceh working interest to fund gas
• Oil Falls to Eight-Week Low as OPEC Output Gain Threatens Accord
• Oil Tankers Used to Store Millions of Barrels as Land Sites Fill
• IEA Raises Forecast for Non-OPEC Oil Output Growth Next Year
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
The document summarizes news from Mongolia across business, economic, and political topics. In business, a feasibility study for a coal washing plant in Mongolia was completed. Erdenes-TT expects to repay its debt to Chalco by the end of the year from coal sales. Mongolian and Japanese banks established a new leasing company called TDB Leasing. A Mongolian company acquired a 20% stake in a North Korean oil refinery to diversify Mongolia's energy sources away from Russia and China.
The document summarizes news from the Business Council of Mongolia newsletter. It highlights that MCS won contracts over $33 million, fuel shortages may impact SouthGobi operations, and Voyager Resources acquired a porphyry copper project. It also provides updates on bond issuances, World Bank optimism for Mongolia's growth but warnings about similarities to pre-2008 crisis conditions, and plans for the country's first sovereign bond issuance later in May.
NewBase Special 22 January 2015 with energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• The Federal Authority for Nuclear Regulation (FANR) is pleased to invite you P. Forum
• Qatar among the best in GCC to weather oil prices plunge: PwC
• Jordan, Shell Sign Gas Deal for LNG imports .
• Algeria Drops Plans to Drill for Shale Gas
• Water surpasses solar as GCC’s fastest growing renewable technology
• Saudia: Spain’s Abengoa Wins Deal, Solar-Powered Desalination Plant
• Gazprom stops South Stream to go for Turkey Stream Pipeline
• Oman Criticizes OPEC policies on Supplies & Demand
• Oil prices have reached ‘bottom’ but to remain below $100 for next years
• Kuwait Oil Minister: Better Economic Growth Needed To Absorb Oversupply
• Kuwait Oil Minister: Better Economic Growth Needed To Absorb Oversupply
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Towards a diamond act in zimbabwe.pdf.pdf1ZELA2013
This document analyzes Zimbabwe's legal and policy framework for diamonds and compliance with the Kimberley Process. It finds the framework inadequate and recommends developing a Diamond Act. The key points made are:
1. Zimbabwe's diamond sector has significant potential but has been plagued by problems like secrecy, corruption and human rights abuses in Marange. Existing laws are insufficient to curb issues like illegal mining and smuggling.
2. A review of laws finds gaps in licensing, security, transparency, accountability and beneficiation. Compliance with Kimberley Process minimum standards on trade and exports is lacking.
3. Best practices in other countries are considered but local solutions are needed. A Diamond Act is proposed to address legal
This document analyzes the outlook for the Gulf of Mexico floater market in 2014-2015. It finds that:
1) The GoM floater market may see some short-term oversupply in 2014 as up to 3 rigs roll off contracts, but demand is expected to outpace supply in 2015, tightening the market.
2) Most development projects remain economic at $70/barrel oil, but 20-30% could be at risk if oil prices fall below that. Exploration demand may be underestimated.
3) Increased midstream infrastructure is expected to link prices of U.S. benchmark WTI more closely to Gulf Coast benchmark LLS over time, which could challenge some Go
2012-09-20 Market Power Shifting to Subsea Equipment Players - D. GaciciaDarren Gacicia
- The document analyzes the shifting market power dynamics in the subsea equipment industry as demand increases.
- It forecasts that subsea tree demand will grow at a 19% CAGR through 2017, nearly tripling deliveries from 2011 levels. Existing orders and planned projects point to high visibility.
- Rising demand is expected to increase capacity utilization rates across the industry from below 50% currently to over 70% in coming years, tightening the market and giving pricing power to equipment providers.
Microsoft word new base 675 special 30 august 2015Khaled Al Awadi
The document discusses several energy news stories:
1) Fuel prices in the UAE fell by around 8% for September in line with declines in international benchmark prices over the past month. Diesel prices fell by almost 8% and petrol prices fell between 8-8.7%.
2) Oman's oil production remains profitable even if prices fall below $46/barrel due to average production costs of $12/barrel. However, a prolonged downturn could force companies to cut back on future projects needed to sustain long-term production.
3) ACWA Power achieved financial close for developing a new 445MW gas power plant and acquiring an existing 273MW plant in Oman, with funding
Greetings,
Attached FYI ( NewBase Special 04 Febrauary 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• Qatar: Dolphin Energy achieves major output milestone of 6 TCF
• Indonesia: Andalas Energy and Power Farms Into Indonesian Oil, Gas Concession
• South Sudan, Sudan agree to peg crude pipeline fees to oil price
• Russia steals Saudi's crown as China’s top oil supplier
• India:Essar Group holds talks with Aramco, Iran firm on stake sale
• British Gas to cut 500 jobs as it shuts insulation business
• Italy: Rockhopper Exploration provides update on the Ombrina Mare
Oil prices extend gains on dollar-slide, talk of oil producer meeting
• World's biggest offshore wind farm to add £4.2 billion to energy bills
• Anadarko Ceases Production at Independence Hub in Gulf of Mexico
• Taking stock of oil’s spell cast over the world
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Greetings,
Attached FYI ( NewBase Special 05 March 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• ADNOC signs MoU with Korea's KNOC, KIGAM for cooperation on oil field development
• Qatar oil production drops to 674,000 bpd in January 2015
• Indian State of Gujarat to Get Two New LNG Terminals
• Asian Spot LNG Price Could See Short Term Relief,
• Angola: VAALCO Energy spuds its first well on Block 5 offshore
• Exxon Mobil reduces 2015 capex by 12%
• US:Oil production in federal Gulf of Mexico increasing
• Oil Price holds above $60
• 5 Big Geopolitical Risks for 2015
• Oil slump impact ‘limited’ on Qatar financial sector, says central bank
As this daily news periodical is free for you, we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base energy news issue 862 dated 31 may 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 31 May 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Bahrain: Mubadala and Occidental to exit Bahrain oil field
• Saudi's SABIC agrees petrochemicals project with China's Shenhua
• Pakistan: US offers to conduct and finance study on shale reserves
• MENA:Public-private participation for Mena infrastructure projects
• Norway: Battered by Crude Collapse, Faces Risk of Oil Strikes
• TANZANIAN GAS MARKET POST-2018 UNCHARTED
• US oil prices rise on start of summer driving
• OPEC Meeting Will Provide Heated Debate but No Freeze
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 20
A digital copy of the BH24 (06 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (04 August edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (11 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news
A digital copy of the BH24 (28 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
The Credit Reference Bureau of Zimbabwe is set to be fully operational by July 31st, with a Czech firm having made significant progress in setting up the necessary soft infrastructure at a cost of $1.8 million to the Reserve Bank of Zimbabwe. The CRB will enhance borrower verification and help banks assess credit risk and reduce non-performing loans. A number of consultative meetings have been held with banks to define the necessary data to be collected and reports generated by the new system.
- South Africa posted its biggest trade surplus in 4 years in December 2015, which helped strengthen the rand currency.
- The rand gained against the US dollar to trade below R16 per dollar for the first time since January 7th.
- South Africa's trade surplus in December widened to R8.2 billion from R0.7 billion in November, driven by a 13% drop in imports and 5% fall in exports.
- However, the improvement in trade figures may only be temporary as commodity prices fall and food imports rise due to drought conditions. The current account deficit is also expected to widen.
A digital copy of the Business News 24 (17 February 2015 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (17 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
Delta, a Zimbabwean beverages company, reported a 7% decline in revenue and a 12% decline in profit for the fiscal year ended March 31, 2016 compared to the previous year. Management attributed the lower performance to weak economic conditions in Zimbabwe that constrained consumer demand. Specifically, drought, cash shortages, delayed wages, and job cuts hurt demand for Delta's products. The company also faced increased competition from cheaper brands as consumers sought more affordable options. Delta's board declared a dividend but revenue, profit, and volume declined across the company's beer, sparkling beverages, and sorghum beer segments for the fiscal year.
The Confederation of Zimbabwe Industries (CZI) president said that Zimbabwe's economy needs re-engineering as many local companies' operating models are still based on an obsolete import substitution approach; he noted that the country had historically used this model but it is no longer suitable given changes in the global economy over the past 34 years. The CZI president suggested that improving infrastructure, access to affordable funding, and addressing financial distress issues could help local manufacturing firms become more competitive and realize where they can be competitive.
A digital copy of the Business News 24 (10 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (3 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (09 September edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
- The Beitbridge Hotel in Zimbabwe, owned 40% by the National Social Security Authority (NSSA), has incurred over $2 million in losses since opening in 2014 and has now been closed by majority owner Rainbow Tourism Group.
- An audit before construction found the hotel would be loss-making, but NSSA insisted it proceed anyway. NSSA's investments are under scrutiny as costs for the Beitbridge Hotel ballooned from an initial $3 million budget to over $49 million.
- The closure puts focus again on NSSA's investment strategies that have put pensioners' funds at risk through apparent non-viable projects like the Beitbridge Hotel.
A digital copy of the BH24 (21 December 2015 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the BH24 (29 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
Independent US oil explorers are expected to report almost $14 billion in losses for 2015 due to plunging oil prices, with Hess Corp. predicted to lose $1.6 billion in its worst annual performance in at least 28 years; Oil companies have been squeezed severely by the over 70% drop in crude prices since mid-2014, wiping out more than $300 billion in market value and forcing thousands of layoffs, debt restructurings and abandoned projects to conserve cash; Hess cut its 2016 drilling budget by 40% and may have few assets left to sell if it needs to raise cash due to the difficult market conditions facing oil expl
Metallon Corporation, Zimbabwe's largest gold producer, saw its gold output decrease 15% in the first quarter of 2016 compared to the same period last year. This was due to electricity supply interruptions and equipment breakdowns at its How Mine. Specifically, power outages resulted in a loss of around 4,275 ounces of gold production. While some of Metallon's other mines increased production, overall the company is targeting output of 120,000 ounces by the end of 2016 as it invests in upgrades and expansions.
A digital copy of the BH24 (05 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
Air Namibia is advertising new flight routes from Harare, Zimbabwe to Accra, Ghana and Lagos, Nigeria starting on June 29, 2018. Customers are encouraged to book flights soon to avoid disappointment as seats are selling out. Contact information is provided for booking individual flights or group fares by telephone, email, online, or through a travel agent.
In this edition, you will be enlightened on the cornerstone of international aviation which is the Bilateral Air Service Agreement, commonly referred to as BASA, Africa’s plan for a common airspace and taken on a tour of the Eastern Highlands and the new sky
Treasury directs ZINARA to disburse 70pc of funds for rehabilitationZimpapers Group (1980)
- The Zimbabwean equities market extended gains from the previous day, with the industrial index rising 1.32% to 95.28.
- Major stocks like Delta Beverages, Innscor, Econet, Colcom, CFI and Nampak saw share price increases, helping drive the overall market upward.
- Only Barclays and Old Mutual saw share price declines on the day.
- The mining index remained flat at 26.24 as several mining stocks stayed unchanged from their previous closing prices.
The article discusses the Zimbabwe Consolidated Diamond Company (ZCDC), which has been operating without a proper legal framework. The permanent secretary in the Ministry of Mines admitted that unlike other state entities, no act of parliament established the ZCDC. It was instead registered as a company under the Companies Act. There are also concerns about the improperly constituted board of the ZCDC and some controversial decisions that have been made. The parliamentary committee questioned the legitimacy of the board's actions in firing employees and replacing them.
The World Bank says Zimbabwe can use the Rapid Results Approach (RRA) to help expedite solutions to its current cash shortage problems. The RRA is a method used to accelerate organizational change through 100-day goal-setting. The government has completed two phases of an RRA program focused on improving ease of doing business. The World Bank country manager says Zimbabwe can transition more quickly to e-commerce by applying the RRA methodology to address cash shortages and encourage electronic payments. The article provides details on Zimbabwe's cash shortage challenges and measures already taken by the central bank to address the problem and incentivize electronic payments and exports.
Nigeria's central bank announced it will abandon its 16-month peg of the naira to the U.S. dollar and move to a "purely market-driven" system of foreign exchange trading starting next week. Economists estimate the naira's fair value under a float would be between 280 to 300 naira per dollar, compared to the current black market rate of around 370, and the change aims to ease severe dollar shortages caused by lower oil revenues. The central bank will still be able to inject dollars and influence the exchange rate within its foreign reserves, but will no longer target a specific
Nigeria's central bank announced it will abandon its 16-month peg of the naira to the U.S. dollar and move to a "purely market-driven" system of foreign exchange trading starting next week. Economists estimate the naira's fair value under a float is between 280 to 300 naira per dollar, compared to the current black market rate of around 370, and the change aims to ease severe dollar shortages caused by low oil prices. The central bank will still be able to inject dollars and influence the exchange rate within reserves, but no longer has an explicit target rate for the
The National Railways of Zimbabwe (NRZ) requires $400 million in short-term funding for recapitalization. This funding will go toward acquiring new machinery and rehabilitating existing infrastructure to increase the railway's carrying capacity from the current 3.4 million tonnes to 7.6 million tonnes. The funding will also be used to procure 15 new locomotives and 1000 new wagons, as securing this funding would allow NRZ to improve services, increase revenues, and return to profitability.
SeedCo, a listed seed producer in Zimbabwe, reported a 3% increase in profit after tax for the fiscal year ending March 31, 2016 compared to the previous year, despite challenges from drought, low commodity prices, and reduced government programs. The company's turnover remained unchanged at $96 million year-over-year. SeedCo was able to increase efficiency and offer competitive pricing, which helped increase its gross margin by 7% during the period. The company plans to focus on growing its ultra-early maize seed varieties to meet increasing demand given changing weather patterns.
Zimbabwe's corporate governance weaknesses have contributed to its poor ratings in international surveys, according to an official. Improving corporate governance could significantly boost Zimbabwe's rankings. The official noted that past governance failures have resulted in the current negative perceptions, and that while some methodology reservations exist, the ratings still factor into potential investors' considerations. The government is working to enhance corporate governance in the public sector through various initiatives.
The Confederation of Zimbabwe Industries has urged the government to introduce Local Content Regulation for all sectors of the economy in order to boost local production. The regulation would give preference to local producers over imports for some goods and services. It would also require manufacturers to include a minimum percentage of local inputs in their production. A CZI economist said the regulation could increase competitiveness by promoting local products first and supporting local employment and procurement.
Isabel dos Santos, the billionaire daughter of Angola's President, has been appointed as the new CEO of state energy firm Sonangol and has pledged to overhaul the company to improve efficiency and margins amid low oil prices. She plans to split Sonangol into three units and increase transparency to international standards in order to generate more revenue for Angola, which relies heavily on oil exports. Dos Santos aims to offset the "huge" economic impact of depressed oil prices through the reforms at Sonangol.
The Zimbabwe Flight Crews Association said that the government is not adequately protecting Air Zimbabwe and is instead licensing competitors to service the same routes as Air Zimbabwe, hurting its ability to compete; they argue the national airline should have first right of refusal on routes. Captain Ottis Shonai stated that new airlines have been given licenses to fly the same routes as Air Zimbabwe, which does not happen elsewhere, and that Air Zimbabwe needs route protection from the government as other national airlines receive.
Government has released $500,000 in funding to support the hosting of this year's Sanganai/Hlanganani World Tourism Expo in Bulawayo after the Zimbabwe Tourism Authority faced financial challenges and was contemplating postponing or cancelling the event. The acting ZTA chief executive said the funds will ensure the expo is a success. Over 160 local tourism companies and 28 international exhibitors from countries like Botswana, South Africa and India have registered to participate. International buyers from Europe, Asia, Africa, the Americas and the Middle East are also expected to attend the expo from June 16-18, 2016.
Fastjet Zimbabwe recorded $0.3 million in revenue since commencing operations in October 2015, with an operating loss of $4 million, as the new airline began flights between Harare, Victoria Falls, and Johannesburg. The performance in the first few months of operations was described as "encouraging" by Fastjet, with 91% of flights arriving on time. However, the Zimbabwe operation was not included in Fastjet's key performance indicators for 2015 as it only became operational in October.
Standard Chartered Bank plans to launch mobile and online banking platforms in 8 African countries including Zimbabwe in the first half of 2016. The bank aims to grow long-term retail banking revenues in Africa 3-4 times faster than regional economic growth. This strategy contrasts with European rivals retreating from Africa due to falling commodity prices and weak currencies. StanChart is expanding its physical presence as well by adding branches in Nigeria, as it seeks to protect and grow its market share on the continent.
Tongaat Hulett's sugar production in Zimbabwe declined 7.4% to 412,000 tonnes for the year ending March 31, 2016. Sales also declined, falling to 403,000 tonnes compared to 491,000 tonnes the previous year. The company reported its Zimbabwe division's financial performance was negatively impacted by lower sugar production and export underperformance. Looking ahead, Tongaat Hulett forecast sugar production could rise up to 12% to 1.15 million tonnes in the new financial year depending on rainfall.
Industry, Finance ministries working on Zimbabwe tariff order for EPA Zimpapers Group (1980)
The Zimbabwean government is working to establish the necessary legal framework to fully implement an Economic Partnership Agreement (EPA) signed with the European Union in 2009, which establishes a free trade area between the EU and Zimbabwe. The EPA grants duty-free access for trade between the EU and Zimbabwe, and Zimbabwe is expected to progressively liberalize 80% of imports from the EU by 2022. Government officials are working with the Ministry of Finance to gazette a Zimbabwe tariff order to pave the way for implementing the trade agreement.
Proplastics, a plastics manufacturer in Zimbabwe, expects to benefit from improved operational efficiencies after commissioning a new plant in the second half of 2016. The new plant is part of the company's broader modernization program, which has already seen a new injection moulding factory and HDPE line commissioned. The CEO said the new plant will improve margins and reduce costs for consumers. For the first four months of 2016, Proplastics' volumes were up 9% and exports contributed 14% to turnover, though overall turnover was flat compared to the prior year due to weaker regional currencies.
The Zimbabwe Mining Development Corporation has commenced efforts to revive the Golden Kopje Mine by seeking a firm to conduct a feasibility study. The study will develop a business plan and work schedule for reopening the mine. Golden Kopje Mine, located in Chinhoyi, stopped operations in 2006 due to financial constraints but reopened in 2009 before shutting down again in 2014 due to operational challenges. Reopening the mine could boost Zimbabwe's gold production, which increased 34% last year.
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HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
Mwana seeks to end dispute with shareholder and non-executive director
1. News Update as @ 1530 hours, Thursday 8 January 2015
Feedback: bh24admin@zimpapers.co.zwEmail: bh24feedback@zimpapers.co.zw
Mwana seeks to end dispute with shareholder and non-executive director
*But CIMGC, Ning to file amended
petition that also seeks to chal-
lenge the appointments of Ngoni
Kudenga and Herbert Mashanyare
totheMwanaboard
ByTawandaMusarurwa
Regional mining conglomerate Mwana
Africa Plc says willing to work with
'substantial' shareholder China Inter-
national Mining Group Corporation and
one of its non-executive directors, Yat
Hoi Ning to resolve a dispute with the
pair.
CIMGC and Ning early last month filed
a petition at the High Court of Justice,
Companies Court in London, against
the company.
The petition alleged that the passing of
Resolution 3 at the company’s annual
general meeting on September 10,
which related to the re-appointment of
Stuart Morris as a director of the com-
pany, was not validly passed.
CIMGC and Ning hold a 21,4 percent
and 7,6 percent interest in Mwana
Africa, respectively.
But after a hearing at the Companies
Court early yesterday, Mwana said it
was prepared to work with the par-
ties in question to reach a "mutually
acceptable resolution".
The mining giant however also said it
was prepared to "defend its position"
if need be. "The Company’s position
remains unchanged in respect of these
court proceedings. Whilst it will con-
tinue to attempt to work with the Peti-
tioners to achieve a mutually accept-
able resolution to their complaints, the
Company will defend its position vigor-
ously in court if required," said Mwana
in a statement.
Mwana believes that it did no wrong in
the process that resulted in the re-ap-
pointment of Morris as a director of the
company.
The group said in a statement on
December 9 - as it had stated before-
hand - that the votes of CIMGC and
its associates were not counted in the
poll and were deemed inadmissible
because the votes, as cast, infringed
the relationship agreement entered
into with the company in April 2012.
Yesterday's court hearing determined
a trial window. Mwana confirmed that
a trial to review the petition brought
against the company will take place
sometime between November 1 2015
and February 1 2016. And that the dis-
puting parties will return to court later
this month to fix the trial date.
"Mwana announces that at the hear-
ing held earlier today at the Compa-
nies Court in respect of the matter
brought by China International Mining
Group Corporation (“CIMGC”), a sub-
stantial shareholder in Mwana, and Mr
2. By Rumbidzayi Zinyuke
Thecountry’snationalpaymentsystem
continues to be dominated by trans-
actions processed through Real Time
Gross Settlement (RTGS) which grew
by 7 percent in November, figures from
the Reserve Bank of Zimbabwe show.
According to the central bank’s
monthly economic review for Novem-
ber,thevalueoftransactionsprocessed
through RTGS increased to $4,1 billion
percent from $3,8 billion recorded in
October.
“In volume terms, total transactions
registered a decrease of 14 percent
from 200 323 to 171 446 during the
same period,” the RBZ said.
The total value of card based transac-
tions were lower at $331,71 million in
November2014,comparedto$441,77
million in October 2014.
Mobile and internet based transactions
for the month of November declined
from $479,70 million in October 2014,
to $279,52 million.
The central bank said the period under
review also saw the value of cheque
transactions fall to $11.40 million in
November from $13,58 million in Octo-
ber.
Annual broad money rose to 15,98
percent in November from 12,79
percent in October, the highest such
annual increase in nearly two years.
In absolute terms, broad money rose
from $3,8 billion in November 2013 to
$4,4 billion in November 2014.
“The growth in broad money was
driven by increases across all deposit
classes, with the exception of short
term deposits,” the central bank said.
Long term deposits also registered the
largest annual growth of 45,82 per-
cent in November 2014 while savings,
demand, and short term deposits,
recorded increases of 24,11 percent
and 11,34 percent respectively.
Short term deposits, however, declined
by 0,8 percent over the same period.
Treasury bills issuances registered a
147, 83 percent annual growth driv-
ing net credit to Government which
increased by 39,37 percent. Credit
to the private sector registered an
increase of 3,4 percent. •
RTGS transactions grow 7 percent
2 News
Yat Hoi Ning, a Non-Executive Director
and associate of CIMGC, (together the
“Petitioners”) against the Company
and two of its non-executive directors,
Mr Stuart Morris and Mr Johan Botha,
initial directions were laid down for the
future conduct of the petition includ-
ing the setting of a trial window of 3
months from 1 November 2015. The
parties will return to court later this
month to fix the trial date."
In addition, the group said it had
given leave to the petitioners to file an
amended petition that also seeks to
challenge the appointments of Ngoni
Kudenga and Herbert Mashanyare as
non-executive directors of the com-
pany.
The appointments of Kudenga and
Mashanyare were announced on the
10th of last month.
Mwana Africa is a pan-African, mul-
ti-commodity resources company
focused on the production, develop-
ment and exploration of gold, nickel,
copper and diamonds. In Zimbabwe,
the group has an 85 percent interest
in Freda Rebecca Gold Mine and a 75,4
percent interest in Bindura Nickel Cor-
poration. •
BreakingNews:Allied Bank
surrenders banking licence
Our sources say Allied Bank
has surrendered its banking
licence to the Reserve Bank of
Zimbabwe. Confirmation from
the central bank could not be
obtained by the time of pub-
lishing. Watch this space for
more details.....
3. By Rumbidzayi Zinyuke
Annual gold production at Gwan-
da-based Blanket mine recorded a 8,1
percent decline to 41,836 ounces from
45,527 ounces recorded in 2013.
The figure was however 4.6 percent
higher than the company’s production
targets of 40,000 ounces for 2014.
The firm, which is 49 percent owned
by Toronto Stock Exchange listed Cal-
edonia Mining Corporation, produced
10,482 ounces of gold in the fourth
quarter of 2014, representing a 8.3 per
cent decrease on the gold produced in
Q42013at11,429ouncesanda6per-
cent increase on the gold produced in
Q3 2014 totaling 9,890 ounces.
Caledonia chief executive Steve Curtis
said the 2014 output had been affected
by the lower grade and underground
infrastructure constraints.
“I expect that production in 2015 will
be marginally higher than production in
2014. I am confident that the revised
investmentplan,whichwasannounced
on November 3, 2014, will result in
progressive increases in production
from 2016 onwards when we expect to
see the first production from below 750
meters - initially from the No. 6 Winze
and subsequently from the Central
shaft,” he said.
Last year, Caledonia announced plans
to invest $70 million to expand oper-
ations at Blanket Mine between this
year and 2020 in the company’s
revised investment plan and produc-
tion projections for the mine. Under the
plan, Blanket is expected to produce
between 70-75 000 ounces of gold per
annum by 2021.
The Revised Plan is expected to
improve the underground infrastruc-
ture and logistics at the mine and allow
an efficient and sustainable produc-
tion buildup. The revised plan will also
improve Blanket’s long term opera-
tional efficiency, flexibility and sustain-
ability.
For 2015, the company said it is tar-
geting production of around 42,000
ounces of the yellow metal.
The firm also expects its financial
results for the quarter and year to
December 31, 2014 will be released on
March 31, 2015.
OnTuesday,theminerdeclaredaquar-
terly dividend of one and a half Cana-
dian cents (C$0.015), its fifth quarterly
payment. •
3 NEWS
Blanket Mine production declines
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6. Zimplats said it would implement a
new mining method at its Bimha shaft
and added that it was closely monitor-
ing how it went about exploiting two
other projects following a collapse of
ground at Bimha last year.
Alex Mhembere, CEO of Zimplats, said
in an interview that extraction ratios
would be affected at Bimha when it
restarted production. The head grade
would be unaffected.
“We will have to embark on a new min-
ing method," said Mhembere. "It will
still be board-and-pillar [method], but
it will be different in terms of the pil-
lar sizes, and the size of the stopping
areas. We are evaluating the extent of
the blast."
Zimplats said in December that a study
carried out by consultants after the col-
lapse of the mine had concluded that it
wasfeasibletore-developBimhamine,
its biggest, "along strike, 30 meters
above the current footprint".
Although the other mines had been
marked as safe from the ground sup-
port problems that affected Bimha,
Mhembere said the Mupfuti mine and
the P5 replacement mine project –
which are in close proximity to Bimha
– are now being monitored and evalu-
ated to ensure they sustainable safety.
Zimplats is a 270,000 platinum ounce
a year producer in which Johannes-
burg-listed Impala Platinum has an
87 percent stake. The ground support
problems at Bimha resulted in the loss
of an estimated 70,000 ounces from its
2015 target of about 240,000 ounces.
Zimplats will present its half year
update to the end of December at the
end of this month.
Mhembere, who is also chamber of
mines president, said the higher cost
of electricity miners were incurring in
Zimbabwe was aimed at guaranteeing
power supplies. Miners such as Zim-
plats have a deal, running until 2017,
with the Zimbabwean state power
company to import electricity straight
from Cahora Bassa which is more
expensive.
“We have an arrangement with ZESA
were we import power from Hydro
Cahora Bassa in Mozambique. That
arrangement is still in place up to 2017
and we are getting sufficient power for
our current requirements,” he said. -
Miningmx.com •
66 NEWS
Zimplats' Bimha mine to adopt new mining method
By Funny Hudzerema
16 400 new tobacco growers have reg-
istered for the 2015 growing season
to date, with the majority of them (10
049)beingcommunalfarmers,accord-
ing to the Tobacco Industry and Mar-
keting Board (TIMB).
Latest statistics from the TIMB show
that Mashonaland West has recorded
the highest number of new tobacco
growers with 5 798 having registered
for the current growing season while
Matabeleland has the least, with a total
of only seven new registered growers.
Mashonaland Central recorded a total
of 4 565 new tobacco growers occu-
pying the second position while 2 910
new tobacco registered growers were
recorded in Mashonaland East.
Manicaland recorded a total of 2 754
new registered growers while Midlands
recorded a total of 201 new tobacco
growers. Masvingo recorded a total of
167 new tobacco growers.There has
been a marginal 2,5 percent increase
in the total number of farmers produc-
ing the golden leaf this season from
last season.
According to TIMB, 88 167 growers
have registered for 2015 season as
compared to 86 006 who had regis-
tered by the same period last year.
The majority of these growers are
communal farmers at 40 869 followed
by A1 farmers at 32 236 while A2
recorded a total of 7 839 registered
tobacco growers for 2015 season.
However, small-scale commercial
tobacco growers remain rather low,
with a total of 6 908 having registered
for this season.
The 2,5 percent growth in total reg-
istered tobacco producers should be
reflected in an increase in the total
output for this season from last sea-
son, which was the highest in over a
decade. •
Tobacco production goes communal
8. Funding remains a key challenge in
Zimbabwe, especially for business and
industry.
But it is not simply a problem of not
having adequate funding for the econ-
omy, either from multi-lateral lenders
or from Foreign Direct Investment
(FDI).
It is also one of confidence in the econ-
omy. We are convinced that as con-
fidence rises in the economy, more
flexible lending policies may come into
stream.
It is in the interest of the banking
industry to place a lot of faith in the
local entrepreneurs by giving them the
support they need to move forward.
Current lending policies discriminate
against new and small businesses and
this is certainly not in the interest of the
broader economy.
Foreign companies that come to do
business in Zimbabwe obtain loans in
their respective countries at next to no
interest if at all.
This gives them an unfair advantage
over indigenous firms.
It is important that more effort be
made to make sure that local busi-
nesses become competitive, otherwise
indigenous firms do not stand a chance
against foreign firms.
It is also apparent then that current
lending policies of the majority of local
banks discriminate against new and
small businesses.
It's simply a result of a lack of confi-
dence in the small-to-medium enter-
prises (SMEs) sector.
This cannot be in the wider interest of
the nation.
And considering that SMEs are a sig-
nificant component of the Zimbabwean
economic milieu, it means then that
the inflexible state of banks’ lending
polices is hurting the economy.
It is therefore important that local
financial institutions relax their lending
policies as a means to boost small busi-
nesses’ access to loans and resultantly
raise their competitiveness.
Zimbabwean banks’ proclivity not
to lend to smaller enterprises is also
acting to constrain money supply into
some critical sectors of the economy.
Hence from a broader perspective, it is
in the interest of the banking industry
as well to place a lot of faith in the local
entrepreneurs by giving them the sup-
port they need to move forward.
By efficiently funding SMEs, banks will
be acting to ramp up money supply
into most of the critical sectors of the
economy, insofar as SMEs are to be
found in most sectors of the local econ-
omy including the absolutely critical
mining, tourism, and manufacturing
sectors. •
8 BH24 COMMENT
Banks should have more confidence in indigenous businesses
9. The Zimbabwe stock exchange ended
a five day losing streak as gains in
Delta, Edgars and Seedco spurred the
industrial index.
The mainstream index gained 0.42
points to close at 161.01 points. Delta
traded 2 cents higher to close at 104
cents and Edgars moved up by 0.60
cents to settle at 9 cents. Seedco
added 0.50 cents to 97.50 cents and
Mash holdings was up by 0.10 cents to
close at 2.80 cents.
On the downside, OK Zimbabwe
dropped 1.50 cents to 10 cents whilst
Econet and Medtech both lost 0.01
cents to trade at 60 cents and 0.02
cents respectively.
Volumes were buoyed by trades in
Econet, Delta and Seedco and the
value of trades was $1.566 million.
The mining index eased 1.80 points
to close at 66.31 points after Bind-
ura went down by 0.20 cents to close
at 5.80 cents. Falgold, Hwange and
RioZim were unchanged at 3 cents,
4.80 cents and 15 cents respectively.
― BH24 Reporter •
9 ZSE REVIEW
Bourse records first gain of 2015
10. REGIONAL News10
The rand weakened on Thursday, but
local bonds continued to draw buyers,
as investors' aversion for riskier yet
higher yielding assets eased following
weak inflation figures in the eurozone.
As of 0625 GMT, the rand had softened
0.08 percent to 11.6895 per dollar,
remaining in a tight and likely to firm
withsomemarketwatchersanticipating
a correction in the high-flying dollar.
Data on Wednesday showed the euro
zone slipped into deflation in 2014, for
the first time since 2009, increasing the
likelihood of the European Central Bank
printingmoneyinabidtostimulateeco-
nomic activity.
Riskier emerging market assets were
buoyedbytheeurozone'swoes,aswell
a pause in the slide of global oil prices,
as investors sought higher yields, par-
ticularly in fixed income assets.
"Low oil means low inflation, means a
stagnant global economic growth belief,
means lower interest rates, means you
gotta love South Africa's lucrative gov-
ernment bond yields," said Warrick But-
ler of Standard Bank in a note.
The yield on the benchmark govern-
ment paper due in 2026 went to a
fresh 1-month low early on Thursday at
7.715 percent, so far shedding 17 basis
points in 2015.
In local data, South Africa's Chamber of
Commerce and Industry (SACCI) pub-
lishes its December business confidence
index at 0730 GMT. - Reuters •
South Africa's rand slightly weaker but bonds buoyed by euro zone woes
Tanzania current account deficit for Jan-Oct widens 2.1 pct y/y
Tanzania's current account deficit wid-
enedby2.1percentintheyeartoOcto-
ber despite an increase in exports, after
the country received less aid and fewer
loans, its central bank said on Thursday.
The current account deficit expanded
to $4.683 billion in the year to Octo-
ber from $4.588 billion in the same
period last year. "The widening of the
deficit was driven by a fall in inflows of
official current transfers, particularly
those under the programme grants,"
the Bank of Tanzania said in its latest
monthly economic report.
Tanzania is one of Africa's biggest per
capita aid recipients. A group of interna-
tionaldonorssaidinOctobertheywould
pay outstanding pledges of budget sup-
port worth almost $500 million only if
the government took appropriate action
against graft allegations in the energy
sector.
For the first 10 months of 2014, "the
overallbalanceofpaymentsregistereda
deficit of $380.5 million compared with
a surplus of $546.7 million recorded in
the year ending October 2013," said
the central bank. Total exports of goods
and services rose 3.3 percent to $8.6
billion, while the country's import bill for
goods and services rose 1.3 percent to
$13.445 billion.
Tourism, the country's top foreign
exchange earner, fetched $1.96 billion
in the year to October from $1.79 billion
previously. The rise was due to more
visitors arriving.
Gold export earnings continued to slide,
falling to $1.35 billion from $1.74 billion
previouslyonloweroutputanddeclining
world prices.
Tanzania is the continent's fourth-larg-
est gold producer after South Africa,
Ghana and Mali.
Gross official foreign exchange reserves
held by the central bank fell to $4.26
billion in the year to October, or about
fourmonthsofimportcover,from$4.65
billion a year ago. - Reuters •
11. 11 DIARY OF EVENTS
The black arrow indicate level of load shedding across the country.
POWER GENERATION STATS
Gen Station
6January 14
Energy
(Megawatts)
Hwange 525 MW
Kariba 614 MW
Harare 30 MW
Munyati 30MW
Bulawayo 22 MW
Imports 0 MW
Total 1 221 MW
12 January 2015 - CBZ Extraordinary General Meeting; Place: CBZ Wealth Management Centre, Pomona;
Time: 08:30am
THE BH24 DIARY
13. 13 AFRICA StockS
Botswana 8,664.65 -11.96 -0.14% 12July
Cote dIvoire 256.50 -1.58 -0.61% 02Jan
Egypt 8,942.65 +16.07 +0.18% 04Jan
Ghana 2,287.32 +26.30 +1.16% 02Jan
Kenya 5,117.43 +4.78 +0.09% 02Jan
Malawi 14,886.12 +0.00 +0.00% 02Jan
Mauritius 6,795.35 +24.31 +0.36% 31Dec
Morocco 9,643.19 +23.08 +0.24% 02Jan
Nigeria 34,657.15 -27.17 -0.08% 31Dec
Rwanda 143.39 +0.20 +0.14% 02Oct
Tanzania 2,602.19 -30.74 -1.17% 28Oct
Tunisia 4,624.39 -39.32 -0.84% 07Mar
Uganda 1,942.77 -12.69 -0.65% 10Dec
Zambia 6,160.66 +12.17 +0.20% 31Dec
Zimbabwe 162.57 -0.22 -0.14% 02Jan
African stock round up Commodity Prices
Name Price
Crude Oil 1,300.91 -0.21%
Spot Gold USD/oz 1,292.63 -0.26%
Spot Silver USD/oz 19.38 -0.46%
Spot Platinum USD/oz 1,421.25 -0.33%
Spot Palladium USD/oz 798.50 -0.64%
LME Copper USD/t 6,770 -0.18%
LME Aluminium USD/t 1,780 -1.17%
LME Nickel USD/t 18,230 -1.73%
LME Lead USD/t 2,095 -1.41%
Quote of the day — "To be suc-
cessful, the first thing to
do is fall in love with your
work." - Sister Mary
Lauretta
Globalshareholder.com
14. 14 INTERNATIONAL NEWS
Oil held gains after a rebound from the
lowest price since April 2009 as inves-
tors weighed whether the sell-off was
excessive amid speculation that U.S.
production growth may slow.
Futures were little changed in New
York after rising 1.5 percent yesterday.
The market has almost bottomed out
with “some recovery” possible by the
second half of the year, according to
Andrew J. Hall, a commodity hedge
fund manager. Credit Suisse Group AG
cut its forecast for this year’s increase
in U.S. crude output by 500,000 bar-
rels a day.
Oil’s collapse has been so rapid and so
driven by sentiment that forecasters
from Bank of America Corp. to UBS AG
say there are no clear signs of when
the rout will end. The U.S. is pumping
the most crude in more than three dec-
ades as horizontal drilling and hydraulic
fracturing unlock shale reserves, add-
ing to a global supply glut that Qatar
estimates at 2 million barrels a day.
“It’s no longer a one-way bet,” Gor-
don Kwan, the Hong Kong-based head
of regional oil and gas research at
Nomura Holdings Inc., said by phone
today. “People finally realized that oil
prices have been oversold. This should
be a technical rebound, but I don’t
think it will bring us to above $60.”
WTI for February delivery was at
$48.61 a barrel in electronic trading
on the New York Mercantile Exchange,
down 4 cents, at 3:25 p.m. Singapore
time. The contract increased 72 cents
to $48.65 yesterday. The volume of all
futures traded was about 37 percent
above the 100-day average.
‘Trading Opportunities’
Brent for February settlement was 14
cents lower at $51.01 a barrel on the
London-based ICE Futures Europe
exchange. It climbed 5 cents to $51.15
yesterday. The European benchmark
crude traded at a premium of $2.43
to WTI.
Current prices aren’t sustainable in the
long term and there may be “attractive
trading opportunities” over the coming
12months,Hall,theheadofAstenbeck
Capital Management, wrote in a Jan. 2
letter to investors obtained by Bloomb-
erg News. Oil will remain under pres-
sure this year, according to the letter.
Implied volatility for at-the-money
options in the front-month WTI con-
tract advanced to 60.2 percent this
week, the highest level in more than
three years, data compiled by Bloomb-
erg show. It’s about 48 percent today,
while Brent’s volatility is near 45 per-
cent.
Production Growth
U.S. output expanded to 9.14 million
a day through Dec. 12, the highest
level in weekly data from the Energy
Information Administration that started
in January 1983. Growth may slow by
800,000 barrels a day in 2016 com-
pared with its previous estimate, David
Hewitt, the co-head of global oil and
gas equity research at Credit Suisse,
said at an investor conference in Sin-
gapore today.
Credit Suisse had previously expected
U.S. production to accelerate by 1.3
million barrels a day in 2015, and 1.4
million next year, he said. Brent crude
will average $75 a barrel this year and
$80 in 2016, according to Hewitt.
Crude stockpiles shrank by 3.06 million
barrels to 382.4 million in the week
ended Jan. 2, reported the EIA, Energy
Department’s statistical arm. A median
increase of 700,000 barrels was pro-
jected in a Bloomberg survey of nine
analysts.
The nation’s crude exports climbed 34
percent to 502,000 barrels a day in
November, the most in records dating
back to 1920, data from the Census
Bureau and the EIA show. Lawmak-
ers in Washington are seeking to end
a 40-year-old law that restricts crude
salestojustafewoverseasmarkets.—
Bloomberg •
Oil holds gains after rebound as u.s. output growth seen slowing
15. By Nigel Gambanga
Just yesterday we were talking about
recharge.co.zw, the online workaround
for buying ZESA prepaid electricity that
lets you use your EcoCash and Telecash
mobile wallets as well as options like
VISA and Zimswitch.
It turns out that there’s another solu-
tion similar to this called ZymPay. Unlike
recharge.co.zw, Zympay is targeted at
the diaspora, where Zimbabweans who
handle bill payments like ZESA for folks
back home have to remit money to a
recipient who will process the payment.
This conventional route means passing
the funds through money remittance
agents like Western Union or World
Remit which has a cost attached to it
and makes the process a lot longer.
Zympay on the other hand allows a
user to handle the purchase of the
ZESA credits online via credit card. The
rechargePINissenttotheuserviaSMS
and from there it's just a matter of for-
warding it to the Zimbabwean user. The
transaction costs £1.99 and the service
is currently for UK residents only.
Just like recharge.co.zw the system is
an impressive way to beat the hassles
of lining up for ZESA prepaid tokens but
more importantly it has a value propo-
sition for UK based Zimbabweans that
have to handle obligations like ZESA for
loved ones at home.
Besides dodging high remittance costs
there’s the comfort of knowing that
you haven’t passed on money to a
third party that might not always have
the sincerest intention with your remit-
tances.
This is the same value proposition that
has been offered by services like insur-
ance aggregator Zimselector which
allows Zimbabweans around the world
to compare and buy insurance products
for local assets.
So who is ZymPay?
The UK based Zympay is the latest
entrant in the Zimbabwe focused mon-
ey-remittances market. According to
information from its site this enterprise
has been involved in foreign currency
service (Zymtravel) and is the pay-
ments facility for Zimnat Life's Diaspora
Funeral Cash Plan. The plan is to wade
into full frontal remittance services this
year.
Its ZESA payment service has taken
centre stage and comes off as the lead
service for Zympay Advantage. This
Advantage is a service suite that lets UK
based customers pay for products and
services locally like rents, insurance and
utility bills, all the while avoiding expen-
sive money transfer fees.
The money is in the diaspora, not
formal remmitances
All things being said, Zympay is coming
in with a smart model to cut into the
remittances market. Despite the focus
on ZESA prepaid the bigger play here is
handlingthemanyformsofremittances
that are being channeled from the UK
to Zimbabwe. ZESA bills are just one of
the many obligations that the diaspora
takes care of for their Zimbabwean kin.
With a reliable platform that offers a
cheaper way to send the money home
anyway (paying does it better than
sending it as cash) there is a huge mar-
ket to tap into for Zymstay or anyone
who seizes the opportunity.
Latest reports are that diaspora remit-
tances dropped to $900 million in 2014
from$2.1billionand$1.8billionin2012
and2013,respectively.Accordingtothe
National Budget this figure is expected
to drop to $840 million this year.
All this is happening in the face of more
money transfer agencies, something
that some believe indicates how the
diaspora is avoiding expensive formal
channels of remittances. Which means
that anyone with a cheaper alternative
formovingmoneyacrossborderseither
as money or as a payment will tap into
a very lucrative market.
This model looks beyond the traditional
remittance angle that EcoCash and Tel-
eCashwerescramblingforfromtheend
of 2013 and well into 2014. That’s not
to say that there’s no money there. A
billion dollar market cannot be ignored
after all.
Howevertherealitiesarethattheformal
remittances pie is shrinking and where
the money is vanishing to is where the
market should look.
Perhaps NetOne should look at expand-
ing its OneWallet along the same ZESA
payments angle and pivot from there
into a larger force in mobile money
relatedremittances?Orevenbetterstill,
any entrepreneur that understands a
business which handles a lot of funds
from the diaspora can set up his own
platform, without any mobile network. -
TechZim •
15 analysis
Selling ZESA prepaid from the UK: How Zympay is disrupting money remittances
15 analysis