Severe planned power cuts at South African state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday. Advertisements
The Rovuma LNG is expected to attract between US$27bn and US$32bn investment, transforming Mozambique’s GDP growth, according to a study by Standard Bank.
Read MoreMozambique is experiencing a growth in the extractive industry’s contributions to the national gross domestic product (GDP). Updated figures indicate that, in taxation alone, this sector currently contributes 4.1 percent. In the past, the contribution was 0.4 percent.
Read MoreThe oil sector continues to be one of the main drivers of Angola’s socio-economic development, accounting for more than 70% of the West African nation’s Gross Domestic Product (GDP), said the Chief Executive of the US/Angola Chamber of Commerce (USACC).
Read MoreThe recent fall in oil prices took many people by surprise, but the underlying trends have been building for some time. The downwards price pressure is coming from increased US oil output, more competition from natural gas, weak GDP growth in the OECD and improving energy efficiency in the emerging world. None of these factors is going away anytime soon, although OPEC is doing its best to counteract the first. At the EIU we think…
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