Features | - Part 146

Nigerian Oil and Gas Sector: Regulations and Incentives

LAGOS (Capital Markets in Africa) – Nigeria is currently facing significant challenges in its petroleum industry because of the volatility of oil prices1, pipeline vandalism and illegal refining. It is clear that the country must reduce its reliance on crude oil income by developing its midstream and downstream sectors and leveraging on its natural gas reserves. The existing petroleum regulatory framework however discourages investment in the sector and has proved to lack the requisite comprehensiveness…

Mozambique Oil and Gas: Regulations and Opportunities

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Mozambique has being recently placed among the global major players in the oil & gas sector. This new position is due to significant natural gas discoveries in the country’s northern Rovuma Basin. Despite having activity in the hydrocarbons sector for many decades, just in 2012 these massive offshore started to transform Mozambique’s reality. They added ambitious expectations to the country to become a key player in the LNG global…

Gabon 2018 Hydrocarbons Law Reform: Appetite for New Incentive

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Gabon is a Central African country based in the Gulf of Guinea, located on the Atlantic side of the African continent and crossed by the equator. Gabon became independent in 1960 and has since developed a stable and peaceful environment attracting major international investors for, in particular, oil and gas, mines, forests, agro-industry which remain the main sources of revenue for Gabon. Gabon is among the top five crude…

Angola’s Oil and Gas Sector: Regulation and Law Insight

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Angola holds almost 9.5 billion barrels of proved crude oil reserves and 308.1 billion cubic meters of natural gas reserves, according to the latest estimates from the 2017 Annual Statistical Bulletin of the Organisation of the Petroleum Exporting Countries. Angola is the second-largest oil producer in Sub-Saharan Africa, behind Nigeria. In the oil and natural gas industry, the focus is on inter alia ensuring the “Angolanisation” of upstream activities;…

Local Content in Africa: Oil Lessons for the Future

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – If any two words have dominated the debate about oil and gas in Africa over the last few years, they have been “local content”. The term encapsulates the idea that oil revenue can be used to develop the wider economy by making it local. The term has until recently been narrowly coined in reference to the nationalisation of industry, but more recently it has been used in the wider…

Is Crypto Fundraising Bringing New Opportunities to Africa?

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Investing in any of the top digital currencies is well above of means of most Africans. For example, one bitcoin in Nigeria values at more than three million naira. This is in a country where around half its population survives on less than 800 naira (just over $2) a day. The minimum wage in Nigeria currently stands at 18,000 naira ($around $60) per month. This situation is reflective of…

South Africa Offers State Workers Inflation-Busting Pay Rise

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa is offering unions representing 1 million state employees inflation-busting pay increases at a time when the country needs to rein in spending to help keep its investment-grade credit rating. Negotiations over wages for teachers, nurses and other state workers are testing the ability of the new cabinet, led by President Cyril Ramaphosa, to walk a political tightrope with labor unions that supported his rise and keep the country’s…

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