Mozambican Authorities are seeking an international consulting firm to evaluate new domestic and regional markets for its oil and and natural gas using a $ 50 m grant by the World Bank under the Technical Assistance Project for Gas and Mining. Drilling of oil has begun in Northern Mozambique’s Cabo Delgado Provine.
Source: African Business, november 2014
Overall infrastructure spending in sub-Saharan Africa is projected to grow by 10 % a year over the next decade and will exceed $ 130 bn by 2025, says a PWC report. Nigeria and South Africa dominate the infrastructure market, but Ethiopia, Ghana, Kenya, Mozambique and Tanzania are also poised for growth.
South Africa’s spending will grow to $ 60 bn by 2025, having grown by 10 % average a year, but it may lose share relative to Nigeria because of Nigeria’s better fiscal position and oil revenues. Overall infrastructure spending in Nigeria is expected to grow from $ 23 bn to $ 77 bn in 2025.
Source: African Business, november 2014
Mobile phone network Movitel, a subsidiary of of the Viettel Group in Mozambique, won Fastest Growing Company of the year at the 11th Annual International Business Awards.
Source: African Business, november 2014
Nigeria beccame the first country to stop selling crude oil to the US, yet four years ago it was one of its top five suppliers. It’s due to the impact of the shale revolution and new technologies opening up new US oil fields. However, Nigeria was has liftet oil exports to Asia by 40 % this year.
Source: African Business, november 2014
The Tide is a Nigerian daily newspaper. It is the most widely circulated newspaper published in Rivers State and one of Nigeria’s major newspapers. Owned and funded by the state, The Tide began printing operations on December 1, 1971 and has a digital version.
No. 1 Ikwerre Road
Port Harcourt
Rivers State 500211
Nigeria
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