Pic: Katanga copper mine in the Democratic Republic of Congo. (Photo: Glencore). Despite the fact that, through the enactment of new laws and regulations, local governments in Sub-Saharan Africa are starting to claim a larger share of their countries’ mineral resource wealth, BMI Research believes that investments in the region will continue to rise in […]
When Tullow Oil (Tullow) announced the basin opening finds in Uganda and Kenya in 2009 and 2012, oil prices were soaring and both countries were jubilant over joining Africa’s oil boom. Undaunted by the collapse in oil prices, Uganda, Kenya and their exploration partners press forward with development of their massive oil fields estimated at […]
Mr. Sergius Oseasochie is the Managing Director/CEO, Relentech Integrated Services Ltd, Nigeria. He was recently elected into the House of Representatives to represent Esan North-East/Esan South-East of Edo State. In this interview with Ediri Ejoh, he lamented the non-passage of the Petroleum Industry Bill (PIB) by the seventh National Assembly and also emphasized the need […]
When it comes to minerals found in our phones, laptops, cars and planes, most are found in the resource-rich mines of West Africa. Mineral exports are a major economic driver of nations such as Nigeria, Burkina Faso and Niger, and are predicted to rise from 109,000 tonnes a year to 3.4 million tonnes a year […]
Central bank boss, John Mangudya suggested that the economy cannot sustain any wage increase in both the private and public sectors. Zimbabwe should brace itself for a series of protests by disgruntled workers following Reserve Bank of Zimbabwe’s (RBZ) recommendation for a blanket wage freeze, the largest labour body has declared. Central bank boss, John […]
Oil and gas explorers may need to rethink their capital expenditure on activities conducted in Africa as the oil price continues to weaken. Low oil price may affect African projects. PHOTO: Accountingclub.ca This is according to the latest analysis on the oil and gas industry released by professional services network, PWC. “Oil and gas explorers […]
Reuters/Mohammed Nureldin Abdallah – Young men work at a collection point for used oil in the capital Khartoum, October 29, 2014. Luck has struck the region of East Africa: for a couple of years now, new announcements of natural resource discoveries are being made every few months. Mozambique has found some of the largest natural […]
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