This document discusses Africa Industrialization Day in Kenya and strategies for accelerating industrialization on the continent through job creation and entrepreneurship development. It notes that Kenya has recently discovered significant reserves of natural resources like oil, gas, coal, and fresh water. These discoveries are attracting foreign investors and will be exploited to benefit Kenyans. The document also outlines challenges to industrial development in Kenya like inadequate infrastructure and access to financing, and proposes addressing these challenges to realize sustainable development and economic growth.
This document provides an overview of investment opportunities in Sri Lanka. It highlights Sri Lanka's strategic location, political and economic stability, high literacy rate, and growing GDP. It outlines the government's plans to transform Sri Lanka into an aviation, naval, energy, telecommunications, commercial, and knowledge hub. Specific investment projects described include developing a financial hub, housing projects, commercial properties, island resort development, solar power projects, oil exploration, and an airport hotel. The document aims to promote Sri Lanka as an attractive destination for foreign investment and economic development.
Economic Report Africa 2013 Nigeria featurestoriesDr Lendy Spires
While Nigeria has a large economy and population, its manufacturing sector has been underdeveloped due to overreliance on oil exports. This has constrained job creation and linkages to other sectors of the economy. However, the government is now focused on rapidly industrializing by expanding manufacturing from 4% to 10% of GDP by 2020. Incentives will be provided to lower production costs, including expanding industrial zones, reducing import duties on equipment, and increasing financing support for small and medium businesses. Successful local companies have demonstrated that focusing on basic goods, achieving scale, and reducing costs through improved infrastructure can allow Nigerian manufacturing to become more competitive internationally and diversify the economy away from oil.
The document discusses the contribution of mining to the South African economy. Some key points:
- Mining makes up around 9.5% of South Africa's GDP and provides 30% of export revenue. It creates over 1 million jobs.
- South Africa has the fifth largest mining sector in the world and has among the largest reserves of minerals like gold and diamonds. Mining was crucial to the development of infrastructure.
- Factors that favor mining include South Africa's abundant reserves found near the surface. Factors that hinder mining are pollution and acid mine drainage problems caused by mining operations.
The document discusses establishing a construction firm in Dubai to supply manpower. It provides background on Dubai's history and economy. A PESTLE analysis notes factors like Islam playing a large role and elevated consumer inflation. Dubai is planning many infrastructure projects for Expo 2020, creating hundreds of thousands of jobs and requiring 500,000 additional construction workers. The document proposes establishing a construction firm to supply skilled and semi-skilled Indian labor to meet Dubai's manpower needs for Expo 2020 projects costing billions, like canals, islands, and new cities.
Economic Report Africa 2014 Feature Story NIGERIADr Lendy Spires
Nigeria has abundant oil and gas resources, but revenues from oil exports have led the country to neglect other industries like manufacturing. The textile industry declined sharply from the 1980s, with the number of textile companies falling from around 180 to almost zero. Recently, the Nigerian government has launched ambitious plans to diversify its economy away from oil and boost industrialization. This includes the Nigeria Industrial Revolution Plan to develop industries like food processing, metals, and construction, as well as incentives like tax concessions for businesses. The government aims to increase manufacturing's contribution to GDP from 4% to over 10% in the next five years. Several global companies have announced large investments in Nigeria's industrial sector in response to the new plans.
Enabling Investment in Gas Projects in Africa - LNGBabs Omotowa
Babs Omotowa gave a keynote address about enabling investment in gas projects in Africa. He discussed how Africa has significant oil and gas reserves but has struggled to utilize these resources to boost economic development. While other regions have transformed their economies through petroleum, Africa remains largely undeveloped. Omotowa argued that attracting investment into gas infrastructure like pipelines and LNG facilities is key to addressing Africa's energy crisis and powering economic growth. He pointed to the success of Nigeria LNG as a model for overcoming challenges through stable policies, technical partnerships, good governance, and market-driven operations. Omotowa concluded that conferences must lead to concrete actions to realize Africa's potential and develop its resources for the benefit of its
- In 1994, China invited auto manufacturers to design an affordable car for its growing middle class. The Chinese government specified requirements including a price under $5000.
- China saw developing an auto industry as key to industrializing its economy and creating jobs. However, environmentalists warned that increased car ownership could significantly increase China's oil usage and carbon emissions.
- Engineers noted it would be difficult to build a car for under $5000 that met emissions standards. Upgrading oil refineries and developing electric vehicle infrastructure would also require massive investments. Increased oil consumption raised political and economic risks if China had to rely on Middle Eastern imports.
Macroeconomic overview of Nigeria by Yakubu AMINU (2014)Yakubu AMINU
This write up presents the economy of Nigeria at a Glance, most especially the Oil and Gas sector of the country as well as investment opportunities in Nigeria,
This document provides an overview of investment opportunities in Sri Lanka. It highlights Sri Lanka's strategic location, political and economic stability, high literacy rate, and growing GDP. It outlines the government's plans to transform Sri Lanka into an aviation, naval, energy, telecommunications, commercial, and knowledge hub. Specific investment projects described include developing a financial hub, housing projects, commercial properties, island resort development, solar power projects, oil exploration, and an airport hotel. The document aims to promote Sri Lanka as an attractive destination for foreign investment and economic development.
Economic Report Africa 2013 Nigeria featurestoriesDr Lendy Spires
While Nigeria has a large economy and population, its manufacturing sector has been underdeveloped due to overreliance on oil exports. This has constrained job creation and linkages to other sectors of the economy. However, the government is now focused on rapidly industrializing by expanding manufacturing from 4% to 10% of GDP by 2020. Incentives will be provided to lower production costs, including expanding industrial zones, reducing import duties on equipment, and increasing financing support for small and medium businesses. Successful local companies have demonstrated that focusing on basic goods, achieving scale, and reducing costs through improved infrastructure can allow Nigerian manufacturing to become more competitive internationally and diversify the economy away from oil.
The document discusses the contribution of mining to the South African economy. Some key points:
- Mining makes up around 9.5% of South Africa's GDP and provides 30% of export revenue. It creates over 1 million jobs.
- South Africa has the fifth largest mining sector in the world and has among the largest reserves of minerals like gold and diamonds. Mining was crucial to the development of infrastructure.
- Factors that favor mining include South Africa's abundant reserves found near the surface. Factors that hinder mining are pollution and acid mine drainage problems caused by mining operations.
The document discusses establishing a construction firm in Dubai to supply manpower. It provides background on Dubai's history and economy. A PESTLE analysis notes factors like Islam playing a large role and elevated consumer inflation. Dubai is planning many infrastructure projects for Expo 2020, creating hundreds of thousands of jobs and requiring 500,000 additional construction workers. The document proposes establishing a construction firm to supply skilled and semi-skilled Indian labor to meet Dubai's manpower needs for Expo 2020 projects costing billions, like canals, islands, and new cities.
Economic Report Africa 2014 Feature Story NIGERIADr Lendy Spires
Nigeria has abundant oil and gas resources, but revenues from oil exports have led the country to neglect other industries like manufacturing. The textile industry declined sharply from the 1980s, with the number of textile companies falling from around 180 to almost zero. Recently, the Nigerian government has launched ambitious plans to diversify its economy away from oil and boost industrialization. This includes the Nigeria Industrial Revolution Plan to develop industries like food processing, metals, and construction, as well as incentives like tax concessions for businesses. The government aims to increase manufacturing's contribution to GDP from 4% to over 10% in the next five years. Several global companies have announced large investments in Nigeria's industrial sector in response to the new plans.
Enabling Investment in Gas Projects in Africa - LNGBabs Omotowa
Babs Omotowa gave a keynote address about enabling investment in gas projects in Africa. He discussed how Africa has significant oil and gas reserves but has struggled to utilize these resources to boost economic development. While other regions have transformed their economies through petroleum, Africa remains largely undeveloped. Omotowa argued that attracting investment into gas infrastructure like pipelines and LNG facilities is key to addressing Africa's energy crisis and powering economic growth. He pointed to the success of Nigeria LNG as a model for overcoming challenges through stable policies, technical partnerships, good governance, and market-driven operations. Omotowa concluded that conferences must lead to concrete actions to realize Africa's potential and develop its resources for the benefit of its
- In 1994, China invited auto manufacturers to design an affordable car for its growing middle class. The Chinese government specified requirements including a price under $5000.
- China saw developing an auto industry as key to industrializing its economy and creating jobs. However, environmentalists warned that increased car ownership could significantly increase China's oil usage and carbon emissions.
- Engineers noted it would be difficult to build a car for under $5000 that met emissions standards. Upgrading oil refineries and developing electric vehicle infrastructure would also require massive investments. Increased oil consumption raised political and economic risks if China had to rely on Middle Eastern imports.
Macroeconomic overview of Nigeria by Yakubu AMINU (2014)Yakubu AMINU
This write up presents the economy of Nigeria at a Glance, most especially the Oil and Gas sector of the country as well as investment opportunities in Nigeria,
A paper presented by the Consul-General of the Federal Republic of Nigeria, Atlanta to the forum of American-Nigerian International Chamber of Commerce, Atlanta.
This document discusses the mining industry in Ghana and its impacts. It notes that mining has historically been important to Ghana's economy, though output declined from the 1950s-1980s. Since 1985, Ghana has implemented reforms to attract more private investment in mining. Large-scale mining employs fewer people but uses mechanized equipment, while small-scale mining employs around 300,000 but uses primitive techniques. Mining can benefit economies through jobs, tax revenue, and infrastructure, but its impacts are controversial and it also poses health and safety risks. The structure of Ghana's mining industry is pyramidal, with a few large foreign companies at the top and more Ghanaians involved in small-scale mining.
Beyond Oil: Wither the Nigerian Economy - MuhtarRealnewsMag
Speech presented by Mansur Muhtar, vice president, Islamic Development Bank and former Nigerian minister of finance at the 7th Anniversary Lecture of Realnews on November 19, 2019.
The document discusses the economic systems of Israel, Saudi Arabia, and Turkey in the Middle East. It describes how Israel has a mixed economy that is also technologically advanced, specializing in high-tech equipment, crops, and diamonds. Saudi Arabia relies heavily on oil exports and has a mixed economy controlled largely by the government. Turkey also has a mixed economy controlled significantly by the government and specializes in textiles and clothing. All three countries have grown their economies through various government investments and policies over time.
Nb research africa sector outlook december 2014Phil Dass
The document summarizes key aspects of the mining sector in South Africa's economy. Some key points:
- Mining contributes 8.3% directly to GDP and up to 17% including indirect effects, making it a major part of the economy.
- South Africa is a leading global producer of minerals like gold, platinum, coal, and iron ore. Gold production has declined in recent years.
- Platinum production faces challenges from lower global demand and higher costs, though South Africa remains the top producer.
- Coal is another important export and fuel source, with large reserves and growing domestic demand for electricity generation.
The document outlines Saudi Arabia's strategy for economic diversification beyond oil. It discusses:
1) Saudi Arabia's history of diversification efforts in infrastructure, education, and privatization.
2) Opportunities in organic chemicals, oil-related engineering products, and pharmaceuticals due to growing demand, export potential, and regional markets.
3) The strategy to diversify by creating empowered industrial zones led by ministries to coordinate capabilities development through vocational schools, foreign partnerships, and Saudi business involvement from deal-making to implementation.
The West Africa-America Chamber of Commerce & Industries presents: David Lary
The West Africa-America Chamber of Commerce & Industries presents: Doing Business in Nigeria: Creating Wealth from
Opportunities in Africa’s Largest Market
Entrepreneurship involves starting new businesses to meet market needs or opportunities. Successful entrepreneurs help economies grow by creating new products/services, jobs, and tax revenue. While risky, entrepreneurship drives innovation.
Saudi Arabia: Gateway to Mideast Investment OpportunitiesSBRIS
The CIT briefing on investment opportunities in Saudi Arabia was presented by CIT Secretary General Omar Bahlaiwa at the Opportunity Arabia 10 symposium in Manchester, England on October 4, 2013. For more information visit www.SaudiBrit.com
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
Africa is the world's second largest continent by land area and second most populous, with 1 billion people, half of whom are under 19 years old. Africa's economy has grown rapidly in recent decades, with GDP rising nearly 5% annually from 2000 to 2008. Top imports to Africa include machinery, chemicals, petroleum, scientific instruments, and foodstuffs, mainly from Europe, America, and increasingly Asia. Major exports include palm oil, gold, diamonds, oil, cocoa, and timber, with Europe and China being the largest trading partners. If political stability and infrastructure investments continue, Africa is projected to maintain strong economic growth above 5% annually in the future.
The United Arab Emirates (UAE) was founded in 1971 and is located in the Middle East between Oman and Saudi Arabia. The UAE consists of seven emirates with a total population of 9.4 million people. Abu Dhabi is the largest emirate and the capital, while Dubai is the largest city. The UAE has a GDP of $407.52 billion supported mainly by oil and gas exports as well as other industries such as manufacturing, tourism, and financial services. India is one of the UAE's top trading partners, with the UAE exporting $21.2 billion worth of goods to India in 2017 including gems, metals, and plastics, while importing $20.
MIDDLE EAST INVESTMENT OPPORTUNITES FOR PRIVATE EQUITYsanthoshkrish
The document discusses opportunities for private equity investment in the Middle East region. It notes that private equity has historically accounted for only 0.1% of the global $2.3 trillion industry, but that the Middle East economies are growing rapidly, with real GDP growth exceeding 5% in most countries. Several factors are driving large infrastructure investment requirements in the region over the next 5-10 years, including population growth, economic diversification away from oil, and underinvestment. The private equity industry in the Middle East is also growing rapidly and could help meet the region's investment needs.
New base 31 august 2019 energy news issue 1273 by khaled al awadiKhaled Al Awadi
The 24th World Energy Congress will take place from September 9-12 in Abu Dhabi and is expected to see record attendance, with over 15,000 attendees from over 150 countries, including 4,000 delegates and 66 energy ministers. The event will include over 80 sessions and 200 exhibitors discussing topics like oil/gas, renewables, energy efficiency and more. Saudi Aramco is considering a two-stage IPO, first listing on the Saudi stock exchange in 2019 or 2020, and then potentially listing internationally in Tokyo in 2020 or 2021. Saudi Arabia also split its energy and mineral resources ministry into separate entities to better focus on energy and job creation goals.
The panel discussion focused on opportunities in Uganda's energy, real estate, housing, construction, and infrastructure sectors. Key points included:
- Uganda has confirmed 3.5 billion barrels of oil and plans to begin production and refining within two years. This will create opportunities across the oil value chain.
- Renewable energy such as hydro, solar, wind, and biomass also present opportunities, as the government guarantees purchases of power.
- 13 metal and 17 industrial minerals have been discovered, and investors are encouraged to add value locally before export.
- A housing shortage of 1.2 million units was cited as an opportunity area.
The document summarizes the economies of four Middle Eastern countries - Israel, Saudi Arabia, Turkey, and Iran. It notes that Israel has developed an advanced technology sector to make up for a lack of natural resources. Saudi Arabia heavily controls its oil industry and uses oil profits to invest in modernizing other sectors. Iran also relies on oil wealth, though it is not evenly distributed. Turkey has a mixed economy but the government still controls some major industries. Most Middle Eastern economies are best described as mixed.
There are three basic types of economic systems: traditional, command, and market. Most textbooks say the most common system worldwide is a mixed system on a continuum between pure market and pure command. Israel has a market system oriented economy focused on high tech and services. Saudi Arabia has a command system focused on oil with government involvement in other industries. Turkey has moved toward more private enterprise but still has some government direction, placing it farther left on the continuum than Israel or Saudi Arabia.
Qatar is a wealthy Gulf state that is seeking to diversify its economy beyond oil and gas as those resources are finite. Under the leadership of Emir Sheikh Hamad bin Khalifa Al-Thani, Qatar has invested heavily in education through institutions like Education City, which hosts branches of American universities, as well as other social and economic reforms. Sheikh Hamad views education, research, and developing a knowledge-based economy as central to Qatar's future prosperity and global competitiveness beyond the oil and gas sector.
Finpro presentation on doing business in ghana Edward Ashong-LarteyBusiness Finland
This document summarizes opportunities for investment in Ghana across several sectors including oil and gas services, energy, infrastructure, agriculture, manufacturing, tourism, ICT, and financial services. It provides details on Ghana's stable business environment and incentives available to investors. Key points include Ghana beginning oil production of 80,000 barrels per day currently, opportunities in road and housing construction, expanding agriculture and food processing, and developing tourism attractions across the country.
The race is on to see which country will emerge as East Africa’s first oil exporter. And after decades of prospecting and promise, Kenya is today well placed to take that mantle. Writing exclusively for the OPEC Bulletin, Daniel Brett explores how the country is preparing to join the exclusive international oil club, following successful exploration by Tullow Oil.
A paper presented by the Consul-General of the Federal Republic of Nigeria, Atlanta to the forum of American-Nigerian International Chamber of Commerce, Atlanta.
This document discusses the mining industry in Ghana and its impacts. It notes that mining has historically been important to Ghana's economy, though output declined from the 1950s-1980s. Since 1985, Ghana has implemented reforms to attract more private investment in mining. Large-scale mining employs fewer people but uses mechanized equipment, while small-scale mining employs around 300,000 but uses primitive techniques. Mining can benefit economies through jobs, tax revenue, and infrastructure, but its impacts are controversial and it also poses health and safety risks. The structure of Ghana's mining industry is pyramidal, with a few large foreign companies at the top and more Ghanaians involved in small-scale mining.
Beyond Oil: Wither the Nigerian Economy - MuhtarRealnewsMag
Speech presented by Mansur Muhtar, vice president, Islamic Development Bank and former Nigerian minister of finance at the 7th Anniversary Lecture of Realnews on November 19, 2019.
The document discusses the economic systems of Israel, Saudi Arabia, and Turkey in the Middle East. It describes how Israel has a mixed economy that is also technologically advanced, specializing in high-tech equipment, crops, and diamonds. Saudi Arabia relies heavily on oil exports and has a mixed economy controlled largely by the government. Turkey also has a mixed economy controlled significantly by the government and specializes in textiles and clothing. All three countries have grown their economies through various government investments and policies over time.
Nb research africa sector outlook december 2014Phil Dass
The document summarizes key aspects of the mining sector in South Africa's economy. Some key points:
- Mining contributes 8.3% directly to GDP and up to 17% including indirect effects, making it a major part of the economy.
- South Africa is a leading global producer of minerals like gold, platinum, coal, and iron ore. Gold production has declined in recent years.
- Platinum production faces challenges from lower global demand and higher costs, though South Africa remains the top producer.
- Coal is another important export and fuel source, with large reserves and growing domestic demand for electricity generation.
The document outlines Saudi Arabia's strategy for economic diversification beyond oil. It discusses:
1) Saudi Arabia's history of diversification efforts in infrastructure, education, and privatization.
2) Opportunities in organic chemicals, oil-related engineering products, and pharmaceuticals due to growing demand, export potential, and regional markets.
3) The strategy to diversify by creating empowered industrial zones led by ministries to coordinate capabilities development through vocational schools, foreign partnerships, and Saudi business involvement from deal-making to implementation.
The West Africa-America Chamber of Commerce & Industries presents: David Lary
The West Africa-America Chamber of Commerce & Industries presents: Doing Business in Nigeria: Creating Wealth from
Opportunities in Africa’s Largest Market
Entrepreneurship involves starting new businesses to meet market needs or opportunities. Successful entrepreneurs help economies grow by creating new products/services, jobs, and tax revenue. While risky, entrepreneurship drives innovation.
Saudi Arabia: Gateway to Mideast Investment OpportunitiesSBRIS
The CIT briefing on investment opportunities in Saudi Arabia was presented by CIT Secretary General Omar Bahlaiwa at the Opportunity Arabia 10 symposium in Manchester, England on October 4, 2013. For more information visit www.SaudiBrit.com
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
Africa is the world's second largest continent by land area and second most populous, with 1 billion people, half of whom are under 19 years old. Africa's economy has grown rapidly in recent decades, with GDP rising nearly 5% annually from 2000 to 2008. Top imports to Africa include machinery, chemicals, petroleum, scientific instruments, and foodstuffs, mainly from Europe, America, and increasingly Asia. Major exports include palm oil, gold, diamonds, oil, cocoa, and timber, with Europe and China being the largest trading partners. If political stability and infrastructure investments continue, Africa is projected to maintain strong economic growth above 5% annually in the future.
The United Arab Emirates (UAE) was founded in 1971 and is located in the Middle East between Oman and Saudi Arabia. The UAE consists of seven emirates with a total population of 9.4 million people. Abu Dhabi is the largest emirate and the capital, while Dubai is the largest city. The UAE has a GDP of $407.52 billion supported mainly by oil and gas exports as well as other industries such as manufacturing, tourism, and financial services. India is one of the UAE's top trading partners, with the UAE exporting $21.2 billion worth of goods to India in 2017 including gems, metals, and plastics, while importing $20.
MIDDLE EAST INVESTMENT OPPORTUNITES FOR PRIVATE EQUITYsanthoshkrish
The document discusses opportunities for private equity investment in the Middle East region. It notes that private equity has historically accounted for only 0.1% of the global $2.3 trillion industry, but that the Middle East economies are growing rapidly, with real GDP growth exceeding 5% in most countries. Several factors are driving large infrastructure investment requirements in the region over the next 5-10 years, including population growth, economic diversification away from oil, and underinvestment. The private equity industry in the Middle East is also growing rapidly and could help meet the region's investment needs.
New base 31 august 2019 energy news issue 1273 by khaled al awadiKhaled Al Awadi
The 24th World Energy Congress will take place from September 9-12 in Abu Dhabi and is expected to see record attendance, with over 15,000 attendees from over 150 countries, including 4,000 delegates and 66 energy ministers. The event will include over 80 sessions and 200 exhibitors discussing topics like oil/gas, renewables, energy efficiency and more. Saudi Aramco is considering a two-stage IPO, first listing on the Saudi stock exchange in 2019 or 2020, and then potentially listing internationally in Tokyo in 2020 or 2021. Saudi Arabia also split its energy and mineral resources ministry into separate entities to better focus on energy and job creation goals.
The panel discussion focused on opportunities in Uganda's energy, real estate, housing, construction, and infrastructure sectors. Key points included:
- Uganda has confirmed 3.5 billion barrels of oil and plans to begin production and refining within two years. This will create opportunities across the oil value chain.
- Renewable energy such as hydro, solar, wind, and biomass also present opportunities, as the government guarantees purchases of power.
- 13 metal and 17 industrial minerals have been discovered, and investors are encouraged to add value locally before export.
- A housing shortage of 1.2 million units was cited as an opportunity area.
The document summarizes the economies of four Middle Eastern countries - Israel, Saudi Arabia, Turkey, and Iran. It notes that Israel has developed an advanced technology sector to make up for a lack of natural resources. Saudi Arabia heavily controls its oil industry and uses oil profits to invest in modernizing other sectors. Iran also relies on oil wealth, though it is not evenly distributed. Turkey has a mixed economy but the government still controls some major industries. Most Middle Eastern economies are best described as mixed.
There are three basic types of economic systems: traditional, command, and market. Most textbooks say the most common system worldwide is a mixed system on a continuum between pure market and pure command. Israel has a market system oriented economy focused on high tech and services. Saudi Arabia has a command system focused on oil with government involvement in other industries. Turkey has moved toward more private enterprise but still has some government direction, placing it farther left on the continuum than Israel or Saudi Arabia.
Qatar is a wealthy Gulf state that is seeking to diversify its economy beyond oil and gas as those resources are finite. Under the leadership of Emir Sheikh Hamad bin Khalifa Al-Thani, Qatar has invested heavily in education through institutions like Education City, which hosts branches of American universities, as well as other social and economic reforms. Sheikh Hamad views education, research, and developing a knowledge-based economy as central to Qatar's future prosperity and global competitiveness beyond the oil and gas sector.
Finpro presentation on doing business in ghana Edward Ashong-LarteyBusiness Finland
This document summarizes opportunities for investment in Ghana across several sectors including oil and gas services, energy, infrastructure, agriculture, manufacturing, tourism, ICT, and financial services. It provides details on Ghana's stable business environment and incentives available to investors. Key points include Ghana beginning oil production of 80,000 barrels per day currently, opportunities in road and housing construction, expanding agriculture and food processing, and developing tourism attractions across the country.
The race is on to see which country will emerge as East Africa’s first oil exporter. And after decades of prospecting and promise, Kenya is today well placed to take that mantle. Writing exclusively for the OPEC Bulletin, Daniel Brett explores how the country is preparing to join the exclusive international oil club, following successful exploration by Tullow Oil.
- President Alassane Ouattara was re-elected in 2015 and has launched an ambitious National Development Plan focused on infrastructure, agriculture, energy, education and reconciliation.
- The plan aims to invest $49.2 billion between 2016-2020, with 62% financed by the government and 38% by the private sector through public-private partnerships.
- Key projects include expanding transportation networks like ports, airports, and railroads; developing renewable energy sources like solar and wind; and adding value to key exports like cocoa, coffee, and palm oil.
- Foreign investment is encouraged and has increased, with the majority going to infrastructure, housing, health, transportation and energy. Cote d'Ivoire aims
Wanja michuki , The role of government in promoting private sector developme...Ruth Adams
Kenya's Vision 2030 is a long-term development plan launched in 2008 with the goal of transforming Kenya into a middle-income country by 2030. It focuses on economic, social, and political pillars and aims to achieve 10% annual GDP growth. Key economic sectors include tourism, agriculture, manufacturing, and financial services. The government is promoting private sector development through initiatives like improving infrastructure, expanding energy access, land reforms, reducing bureaucracy, and establishing special economic zones with tax incentives. Major projects underway include developing industrial parks, capital markets, transport corridors linking Kenya to Ethiopia and South Sudan, and an oil refinery in Lamu.
Junior Gold Company focused on Africa
Global Mining Investment Conference
30 Sep 2009
Junior Gold Company focussed on Africa
by Brian Moritz, Chairman-Goldplat plc
Africa offers huge opportunities for investment and growth. According to the World Bank and McKinsey, Africa is growing faster than OECD nations, with 9 of the 15 fastest growing economies being in Africa. The continent has abundant natural resources like gold, diamonds, oil, and metals. Specific countries highlighted as good investment opportunities include Angola, Ethiopia, Mozambique, Tanzania, Ghana, Nigeria, and Mauritius due to their high GDP growth rates, natural resources, and improving economic and political conditions.
This document provides an overview of oil and gas in Sub-Saharan Africa. It notes that while long established producers include Angola and Nigeria, new discoveries are being made across the region, especially offshore natural gas finds. Sub-Saharan Africa has significant oil and gas reserves but remains under-explored due to lack of infrastructure and regulatory challenges. The document examines traditional producers adapting to new challenges as well as emerging areas like East Africa that are working to develop their industries and attract investment. South Africa is also highlighted as becoming a potential leader in the region by developing its own resources and supporting other African markets.
Kenya and India have a long historical relationship and growing economic ties. India is one of Kenya's top trading partners, with bilateral trade reaching $2.4 billion in 2011-2012. Indian firms have invested in various sectors in Kenya like telecom, petrochemicals, floriculture, and engineering projects. There have been high level political visits between the countries to strengthen cooperation. Both countries accord each other Most Favored Nation status and have established various business promotion bodies to increase trade and investment partnerships. Recent Indian engagement in Kenya has included participation in various trade exhibitions and visits by business delegations.
Global economic crisis a challenge to the entrepreneurship development of tec...Alexander Decker
This document discusses the impact of the global economic crisis on entrepreneurship development in technical vocational education and training for Nigeria's oil and gas sector. It notes that the crisis negatively impacted Nigeria's economy in addition to domestic issues like conflicts in the Niger Delta region. This reduced oil and gas production and constrained companies from hiring professionals trained by vocational institutions. Tables show production data for various oil companies from 2005 and global oil demand trends. The concept of entrepreneurship and its role in poverty reduction are also examined.
Oil quests: African states looking to capitalize on their petroleum resourcesDaniel Brett MSc FRAS
Independent operators are looking to take advantage of high risk, yet high reward areas in the Democratic Republic of Congo (DRC), Ethiopia, and Somalia. Daniel Brett, writing exclusively for the OPEC Bulletin, rounds up the latest developments and challenges so far as Africa continues to develop its oil and gas potential.
Article for OPEC Bulletin
Namibia has abundant mineral resources and is actively encouraging mineral exploration through a streamlined licensing system and incentives for mining investment. The country has well-developed infrastructure including ports, airports, roads, electricity and trained personnel from the Namibia Institute of Mining and Technology. Recent revisions to Namibia's Minerals Act aim to free up areas for exploration by removing onerous reporting requirements and curbing the practice of landlocking claims. With fair taxation and protection of ownership rights, Namibia presents an inviting environment for companies to develop its mining sector.
The petroleum industry in Nigeria is the largest industry and mean generator of Gross Domestic product (GDP) in the West African Nation. Inspite of the huge financial investment made by the Nigerian government in the oil and gas industry of the economy, it has not resulted in significant benefits for most Nigerians.
http://bonnylightcrudeoil.org
New base energy news issue 878 dated 22 june 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 22 June 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:-
• Iraq southern oil exports average 3.14 million barrels per day
• Tanzania: Otto Energy farms out Kilosa - Kilombero Licence,
• Algeria: Eni and Sonatrach renew partnership in Algeria
• India: Essar Oil Emerges as India's Largest Unconventional Gas Producer
• India: Essar Oil Emerges as India's Largest Unconventional Gas Producer
• US: Musk Buys Musk: Tesla’s SolarCity Deal by the Numb
• Oil prices above $50, buoyed by US stock draw
• Oil Bust Pushes Producers Together to Make Cost Cutting Count
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
Oman has capitalized on its history of trade and seafaring to cultivate globalization and economic diversification. Centuries of trade in frankincense first established Oman's role in global commerce. Today, Oman is using its peak in oil production to maximize economic opportunities in natural gas, manufacturing, transportation and knowledge industries. It has liberalized markets, invested in infrastructure like ports and research centers, and aims to transition to a knowledge-based economy. While oil remains important, the private sector is taking a leading role in job creation and economic growth is increasingly driven by non-oil industries. Oman's strategic location, open economy, and focus on developing new industries means it is well positioned for long-term
Human Geography- Economic activities in the CaribbeanOral Johnson
This document reviews the economic activities in the Caribbean which latter part of the human geography for CSEC Geography. It includes fishing, bauxite, food processing, agriculture and tourism. The impact of these activities on the environment coupled with the sustainable practices which can reduce the said impact on the environment completes the document.
Etude PwC sur le secteur des hydrocarbures en Afrique (2014)PwC France
This document summarizes a report by PwC on developments in Africa's oil and gas industry. It conducted interviews with industry players across Africa to gather information. Key findings include:
- Uncertain regulatory frameworks, corruption, and poor infrastructure remain the top challenges for developing oil and gas businesses in Africa.
- Significant gas finds in East Africa have increased investment and development in countries like Mozambique and Tanzania.
- Natural gas is becoming increasingly important with projects focusing on LNG exports and using gas for power generation.
This document provides an overview of Egypt's economy and major infrastructure projects. It highlights key facts about Egypt such as its large population, strategic location, competitive costs, and diversified economy. Mega projects discussed include the Suez Canal Economic Zone and its industrial zones, ports, and focus on sectors like ICT and renewable energy. Major transportation infrastructure projects outlined are the new high-speed railway system connecting Cairo to Suez, Sharm El-Sheikh and Saudi Arabia, as well as expansion of Cairo's metro network.
This document provides an overview of Nigeria's oil and gas industry. It discusses:
- Nigeria has suffered from the "curse of black gold" due to corruption, poverty, and violence in the Niger Delta region from militant groups.
- Oil was first discovered in Nigeria in 1956 and the country now has over 33 billion barrels of proven oil reserves, ranking it 10th globally. Oil accounts for the majority of Nigeria's exports and government revenues.
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Emerging opportunities for Industrialization Oil Gas and Minerals aid 20-nov-2013
1. AFRICA INDUSTRIALIZATION DAY
20TH NOVEMBER 2013,
Theme: Job Creation and Entrepreneurship Development:
A Means to Accelerate Industrialization In Africa
Emerging Opportunities for
Industrialization:
Oil, Gas and Minerals
Amb. Dr. J. K. Kiplagat
Director Industrial Information and Research
Ministry of Industrialization and Enterprise Development.
P.O. Box 30418-00100.
Nairobi. Kenya.
jkkiplagat@yahoo.co.uk
Ministry of Industrialization & Enterprise
Development
Promoting and Facilitating
Industrialization
2. The Standard Wed 20th November 2013
―President Kenyatta said Kenya recently
discovered economically viable reserves of
natural resources, among them
underground fresh water,
coal,
oil and
natural gas
which will be exploited for the benefit of all
Kenyans. ―We are already reaching out to
various Arab states to encourage their
private investors to consider the
opportunities in Kenya in the oil, natural
gas and energy sub-sectors,” the
President said.
President Kenyatta was speaking during the
3rd Afro-Arab Summit in Kuwait‖
2
4. Low per
Capita
Income
Unemployment
High Demand
for Social
Support
Africa’s Vicious Circle
Reduced interest
for Local and FDI
in manufacturing
etc
Less Funding
for
Development
Programs
Poor
infrastructure
and support for
investment
5. Challenges affecting Industrial Development
Kenya is seeking to industrialize in a highly competitive global environment
Inadequate
Institutional
framework
ENERGY
Low productivity
Counterfeits and
and
Sub standards
competitiveness
Training in
Science, Eng.
Technology
Low Value
addition &
Diversification
Infrastructure, all
including
Industrial land &
ICT
Access to
affordable long
term finance.
Limited
Industrial
Incentives
Lack of
Low funding for harmonized
Industrial
R & D in
industrial
policies
activities
Limited sector
budgetary
support
8. Historical: Review of Past
Policies
Import Substitution Policy (1970-1980’s)
Structural Adjustment policies (1980 – 1990’s)
Export oriented Strategies (1990’s onwards)
Sessional Paper No. 1 of 1986 on Economic
Management for renewed growth
Sessional Paper No. 2 of 1992 on Small Enterprise
and Jua Kali development in Kenya
Sessional Paper No. 2 of 1997 on Industrial
transformation to the year 2020
Economic Recovery Strategy for Wealth and
Employment Creation (2003 – 2007)
Sessional paper No 9 of 2012 on National
Industrialization Policy Framework.
9. INTERVENTION THROUGH THE NIP
Vision, Mission & Goal of NIP
• Vision: To enable Kenya become a regional
leader in industrial growth & development
contributing upwards of 15% of the annual
national GDP;
• Mission: To spur industrial economic growth by
creating an enabling environment with targeted
incentives in priority sectors that promote
country-wide dispersal of industries in order to
realize equitable economic empowerment for all
Kenyans.
• Goal: To increase contribution of manufacturing
sector to GDP by at least 10 per cent per
annum.
10. Priority subsectors
AgroMachine tools Agro Machinery
Iron and Steel
and farm
processing & industry
and spares
implements
Value addition
Wood and Wood
Paper and Paper
Automotive
Textiles and
Industries
Products
and Auto parts
Clothing
Meat and Dairy
Leather and
Products
Leather
Products
Electrical and
Electronic
Products
Mining and
Quarrying
Ceramics Industry Glass Industry
Pharmaceuticals
Industry
Recycling
Materials
Packaging
Industry
Fish and Fishery
products
Petrochemicals
Industry
Green Energy
Biotechnology
Nanotechnology
11. Thermal Power Generation
A fossil-fuel power plant burns fossil fuels coal,
natural gas or petroleum to produce electricity
A nuclear plant uses energy from nuclear fission of
uranium or plutonium.
Biofuels that can be burned to heat water.
Geothermal energy from volcanic steam.
Heat energy energy extracted from expanding gas,
steam or combustion gases is converted into
mechanical energy, which then operates an
electrical generator.
The prime mover may be a
steam turbine,
a gas turbine or,
I.C engine.
Coal is the most abundant/used
11
12. Thermal Power Generation
A fossil-fuel power plant burns fossil fuels coal,
natural gas or petroleum to produce electricity
A nuclear plant uses energy from nuclear fission of
uranium or plutonium.
Biofuels that can be burned to heat water.
Geothermal energy from volcanic steam.
Heat energy energy extracted from expanding gas,
steam or combustion gases is converted into
mechanical energy, which then operates an
electrical generator.
The prime mover may be a
steam turbine,
a gas turbine or,
I.C engine.
Coal is the most abundant/used
12
13. East Africa’s Mineral Resource
Driven Growth
Investment into Africa‘s burgeoning oil
and gas sector is expected to rise in
coming years as big oil companies and
foreign investors from the US, Europe
and Far East finance existing and new
projects in the continent.
Foreign investors are excited by the
―growth in Africa". ―They are seeing the
positive developments in Africa
They are seeing Africa as one of the
primary growth vehicles of the future and
they are willing to invest in it.
13
14. The Basin of Black Gold
Kenya's Great Rift Valley, a 450-mile-long
volcanic trench ripped open by shifting
tectonic plates, is known as the cradle of
mankind for the million-year-old remains of
human forebears discovered there.
The area also holds a string of fields that
could make Kenya, East Africa's largest
economy a major energy producer.
The U.K.'s Tullow Oil, and Canada's Africa Oil
found oil deposits that could yield 10 billion
barrels:
◦ enough to supply Kenya for three centuries.
―I've never seen a basin of this magnitude!‖
Africa Oil CEO
14
15. ‗Foreign investors are keen to
invest in the Kenya‘s ICT,
energy, infrastructure,
pharmaceutical and agribusiness
sectors.‘ Business Daily
15
16. Black Gold within ours Borders
Kenya can now be likened to a fair lady
grabbing the attention of foreign suitors out
to woo her to sign deals.
In a space of 30 days or so, hordes of
foreign visitors have flown into Kenya‘s
capital, Nairobi. And no, they are not after
the fun and sun this city in the Savannah of
East Africa glows under.
◦ It is matters business.
A delegation of about 106 company
representatives from Morocco made its
way into the country first, followed by that
of the United Arab Emirates (UAE). South
Korea was next and followed by Hong
16
17. Kenya seen as a gateway
These delegations are keen to invest in
the country‘s ICT, energy, infrastructure,
pharmaceutical and agribusiness
Kenya is widely seen as a gateway into
the hinterland of the East and Central
African countries which are endowed
with huge deposits of minerals too.
Oil is an economic catalyst, thus the rush
of investors.
17
18. Coal, Titanium, Niobium&Iron Ore
Other minerals like coal in Kitui, titanium
and rare earths in Kwale, Iron ore in
Taveta and Homa Bay and fluorspar in
Kerio Valley that are viable for
commercial exploitation, has also
signaled a welcome open door for
investors.
Kenya‘s technological advancement
that is characterised by massive use of
innovative products in financial,
telecommunication and construction
sectors could also explain the
18
19. Kenya’s index of doing
business to rise
The single window system which is under the
custodian of the Kenya Trade Network Agency
(Kentrade) will integrate the functions of all
government agencies involved in cargo
certification process into an electronic one stop
shop.
The anticipated benefits from the system will
continue attracting investors.
Kenya is ranked position 121 out of 185 countries
.With the system in place, the World Bank‘s
ranking of Kenya‘s index of doing business is
expected to spike significantly.
In addition, most foreign investors find Kenya‘s
workforce aggressive and competent, an
19
21. From Grass to Glory
Kenya is headed to become the first oil
exporter in East Africa, moving in less
than five years from being a have-not
nation to the regional oil exporter.
After Tullow Oil Plc (TLW) discovered oil
last year, Kenya is set to start shipments
in 2016, overtaking neighboring Uganda,
where Tullow found crude more than
seven years ago.
Kenya's deposits may top 10 billion
barrels, more than three times the U.K.'s
remaining reserves.
21
22. The Golden Benefits!
Oil will allow Kenya to:◦ diversify export earnings and
◦ act as a catalyst for infrastructural
spending, especially on the transport
network.
Roads
Railways
Airports
Ports
The shilling is expected to benefit from:◦ inflows of foreign exchange and
◦ reduced spending on fuel imports.
22
23. Ngamia, Twiga and Etuko.
Kenya imports all its fuel, almost 80,000
barrels of oil a day at a daily cost of more
than $8 million.
It relies on exports such as coffee and tea to
support the balance of trade in the $37
billion economy.
Tullow estimates it has found more than 300
million barrels of oil in South Lokichar Basin.
The wells are: Ngamia, Twiga and Etuko.
In February 2013, Twiga became the first
well in Kenya to produce oil at a
commercially viable rate and has the
potential to produce 5,000 barrels a day.
23
24. After 50 years of
disappointments! to Tullow's entry, 30
Between 1960 and 1992, prior
wells were sunk around Lokichar area:◦ 13 were dry,
◦ 12 encountered non-commercial gas shows and
◦ five encountered signs of oil staining
The golden find is in Turkana County. Shipments will
initially be made by truck or train for refining in
Mombasa or exports. Once more fields are discovered
and developed a pipeline can be built.
Kenya Petroleum Refineries Ltd., the nation's sole
refinery, half-owned by Essar Energy Plc (ESSR),
refines imported crude mainly from Abudhabi
◦ It can now warm up for home grown raw material
24
25. Twas West Africa Now its
East Africa
The continent's oil industry was centered
on Nigeria in West Africa.
East Africa had been overlooked. Of the
more than 30,000 wells drilled in
Africa, fewer than 500 were in East
Africa.
There was a giant underexplored hole on
the map!
Most oil companies traditionally had
focused on the African powerhouses of
Nigeria and Angola to the west, and
Libya and Egypt on the Mediterranean.
Now the world has woken up to East
Africa.
25
28. After the Black Gold it is the Gas
A consortium of companies searching
for minerals off the Kenyan coast said it
had discovered 52 metres of natural gas
reserves on Mbawa-1 well off the coast
of Malindi.— giving Kenya its first ever
gas find.
◦ the first hydrocarbon discovery offshore
Kenya
The gas find was made at a depth of
2,553 meters and its operators said they
intend to continue drilling to the depth of
3,275 meters, more in the hope of
28
29. The Benefits
The discovery of economically-viable reserves of
natural gas will help Kenya attract part of the
huge investments arising from the global shift
towards cleaner sources of energy.
◦ Alot of investors are today keen on putting their
money in cleaner and sustainable sources of
energy.
Though more expensive to produce and ship to
the market it is preferred because:
◦ of its low pricing compared to oil and
◦ its friendliness to the environment.
Natural gas has relatively high hydrogen content
and burns about 50 per cent cleaner than coal
and roughly 30 per cent cleaner than oil.
The higher the hydrogen content in fuel, the
cleaner it is.
29
30. Natural Gas 2nd largest fuel
source by 2025
Natural gas will overtake coal to become the
second largest fuel source by 2025.
Tanzania has received massive inflow of
foreign investment into its natural gas
industry earning $2-$3 billion annually.
The gas is already being used to generate
electricity and to power industries –
◦ significantly reduce the cost of energy to
manufacturers and raise the country‘s clean
energy credentials.
The US Geological Survey estimates that
more than 250 trillion cubic feet of natural
gas may lie off Kenya, Tanzania and
Mozambique coastline.
30
31. Role of Resources in African Development
Mineral Export Concentration, Selected Countries. 2005
(Percentage of Total Exports)
Country
Main Export
Other Exports
Botswana
Diamonds
88.2%
Oil 99.9%
Cocoa 46
Tea 16.8
Oil 92.2
Platinum. 12.5
Gold 10.9
Copper 55.8
Oil 49.2
Nickel 8.1
Chad
Ghana
Kenya
Nigeria
S. Africa
Tanzania
Zambia
Sub-Saharan
Africa
Manganese 7.2
Flowers 14.2
Coal 8; Gold 7.9
Fish 9.7; Copper 8.6
Cobalt 7
Diamonds 12.6; Nickel
7.8
32. Map that shows distribution of minerals in
Sub-Saharan Africa.
33. Bauxite is used to make aluminum. West Africa
has large deposits of bauxite.
37. Drilled core of
coal from Mui
Basin
Drilling for
coal
assessment
in Mui Basin
37
38. The highlighted zone on the map of Kenya traces the mineral rich
area and it is evident that iron ore follows a consistent northwesterly
trend from Taita to Meru along the foliation of metamorphic rocks.
38
39. Empirical Validity of the
“Resource Curse”
Countries that might have the
“Resource Curse”
◦ High mineral export dependence on one or
a few minerals
◦ Especially petroleum exporters (“Oil
Economy Syndrome” )
◦ High Foreign Exchange and Fiscal
dependence on the resource export
◦ High levels of Direct Foreign Investment in
the resource sector
40. Before the Oil and Gas!
After the Oil and Gas!
Petronas twinTowers
40
41. Should we go that way so that the
City and the country is lighted?!
41
42. High per
Capita
Income
Employment
Food & Energy
Security
Disease Free
Low Demand
for Social
Support
AFRICA’S’S
SUCCESS STORY
More
Funding for
Development
Programs
Increased
interest for
Local and
FDI
Good
infrastructure
and support
for
investment