Tag Archives: African oil development
African oil development: Latest News
D.A. Barber, 6:36 am AFKI Original
While the current natural resource and infrastructure boom in Eastern Africa will contribute to different degrees of economic growth for individual governments, its impact on leveling out economic opportunities will depend on mature natural resource revenue governance that ensures accountability and transparency. The oil and gas boom in one of the world’s poorest regions of the world promises to free East African governments from their dependence on foreign aid once the natural resource revenues start to flow. But natural resources have been literally a “resource curse” for many countries in the past, resulting is little if any economic growth and development.
Andrew Friedman, 1:45 am AFKI Original
Despite an end to colonialism, massive oil and gas exploitation across Africa is still largely done by western multinational corporations. While Nigeria is not exactly a beacon of hope for anti-corruption and transparency advocates, information on Angola’s oil and gas sectors is even harder to come by.
D.A. Barber, 11:48 am AFKI Original
With the oil production development slowdown in Nigeria, Angola has emerged as an equally significant country for oil exploration and threatens to dethrone Nigeria as Africa’s leading oil producer. More than a third of all discoveries made over the last three years in the region have occurred offshore Angola.
- Real Estate