Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to Mozambique

The outlook for 2020 is for a strong rebound in economic activity and low inflation

An International Monetary Fund (IMF) staff team led by Ricardo Velloso visited Maputo during November 6–12, 2019, to take stock of recent economic developments and update macroeconomic projections. At the end of the mission, Mr. Velloso issued the following statement: “As a result of Tropical Cyclones Idai and Kenneth, real…

EY
Source: EY |

Southern Africa’s Top Entrepreneurs Announced in Johannesburg, South Africa

This year’s finalist group and of course, the winners, have built businesses across all sectors offering innovation and exceptional acumen and leadership

Southern Africa’s top three entrepreneurs were named at the 22nd Annual EY (https://www.EY.com) World Entrepreneur Awards gala dinner in Johannesburg on Wednesday 13 November 2019. CEO’s, Founders, and leading entrepreneurs attended the Southern Africa programme of the world’s most prestigious business awards for entrepreneurs: the Global EY Entrepreneur Of The…

Source: Africa Oil Week |

South Africa reveals its blueprint for its energy future

South African cabinet approved the Integrated Resource Plan (IRP 2019) that plotted the path for the nation’s generation technology mix to assuage the current energy crisis

Last month the South African cabinet approved the Integrated Resource Plan (IRP 2019) that plotted the path for the nation’s generation technology mix to assuage the current energy crisis in the country. At Africa Oil Week (Africa-OilWeek.com) last week, its Minister of Minerals Resources and Energy, Honourable Gwede Mantashe, outlined…

Source: African Development Bank Group (AfDB) |

2019 Africa Investment Forum: Achieving an African economy four times bigger with only a 50% increase in energy demand

The Africa Investment Forum (AIF) brings together project sponsors and investors, borrowers, lenders, policy makers and public and private sector investors

Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 percent, according to a new report. The International Energy Agency (IEA) unveiled its report on the first day of the second African Investment Forum in Johannesburg, South Africa. Africa Energy Outlook 2019 found…

Source: African Development Bank Group (AfDB) |

2019 Africa Investment Forum Kicks Off Delivering on the Promise to Redefine and Unpack the Continent’s Investment Opportunities

The 2019 Africa Investment Forum opened on Monday living up to its promise to move from commitment to action

$500 million equity closed for the Africa Infrastructure Investment Fund to speed up investments in agriculture; Financial close for the Africa Guarantee Fund $175 Equity transaction to support Small and Medium Size Enterprises, and $350 million for South Africa’s beef agro-processing project. The 2019 Africa Investment Forum opened on Monday…

Source: International Federation of Red Cross and Red Crescent Societies (IFRC) |

Mozambique: Thousands at risk of disease and malnutrition as rainy season begins

The damage wrought on water, sanitation and hygiene facilities by the two cyclones are in part responsible for the increased health risks

More than half a year since cyclones Idai and Kenneth hit Mozambique, thousands of people are at risk of disease outbreaks and worsening food insecurity during the coming rainy season.  Food insecurity is expected to affect 2 million people in Mozambique by early next year and nearly 38,000 children are…

Source: Africa Oil Week |

African Countries Showcase Oil and Gas Investment Opportunities at Africa Oil Week

Senegal’s Oil and Energy Minister Mahamadou Makhtar Cisse used the platform to launch, for the first time in the history of petroleum exploration in his country, a licensing round of three blocks of sediment basin

Several African countries have used the Africa Oil Week (AOW) (https://www.Africa-OilWeek.com) event in Cape Town this week to promote their oil and gas sectors to a global audience of investors, suppliers and other key stakeholders. Senegal’s Oil and Energy Minister Mahamadou Makhtar Cisse used the platform to launch, for the…

Africa Oil Week
Source: Africa Oil Week |

South Africa (SA) Minerals and Energy Minister Makes a Case for Gas

Addressing delegates on the opening day of Africa Oil Week in Cape Town today, Mantashe referred to South Africa’s Integrated Resource Plan

South African Minister of Mineral Resources and Energy Gwede Mantashe has urged investors to invest in and help develop South Africa’s gas industry. Document link: http://bit.ly/2JRMix8 Addressing delegates on the opening day of Africa Oil Week (http://www.Africa-OilWeek.com) in Cape Town today, Mantashe referred to South Africa’s Integrated Resource Plan recently approved…

Source: U.S. Department of State |

Assistant Secretary Denise Natali to travel to Mozambique and Kenya, November 2-8, 2019

Bureau of Conflict and Stabilization Operations Assistant Secretary Denise Natali is travelling to Maputo, Mozambique, and Nairobi, Kenya, from November 2-8.  In Maputo, A/S Natali will meet with officials from the Mozambican government, civil society, international partners, and the business community to discuss collaborative efforts to counter violent extremism and…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Africa’s oil & gas industry poised for further growth in the wake of new resource finds, technological advances and improved governance – PwC Africa oil & gas review

PwC’s Africa oil & gas review, 2019 analyses what has happened in the last 12 months in the oil & gas industry within the major and emerging African markets

The global energy market is in an exciting phase of transition and disruption. Breakthrough technologies are unlocking significant new reserves, processing, transportation and downstream uses that were previously unviable, unknown or inaccessible. Decarbonisation driven by the environmental sustainability agenda is shifting the energy mix at an accelerating pace, which is…