BusinessSectors

Sun,19Nov2017

Sectors

Oil and Gas: East Africa’s race to get ready

New gas finds are happening almost monthly in the waters off Tanzania and Mozambique. In June, Statoil and ExxonMobil announced new finds in Tanzania’s Block 2, taking their resource estimates to 253bn m3/ Photo©HEINE MELLKEVIK - STATOILThe reserves already discovered will make East Africa one of the next gas frontiers. Companies are waiting for policymakers to determine priorities and incentives before they can settle on investment plans.

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Zimbabwe: Millions of jobs at risk as tobacco sector struggles

About four million Zimbabweans could be directly and indirectly affected by recommendations to phase out tobacco production/Photo©ReutersUp to one million jobs could be lost in Zimbabwe's tobacco sectors, as an international lobby to ban the crop gathers momentum.

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Ethiopia to lease out land to investors despite land grab concerns

Ethiopia announced on Friday plans to lease 100,000 hectares of land both to local and foreign investors, despite recent reports that foreign investors were grabbing large chunks of land.

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Nigeria's war of independence

Sanusi's reforms have made him some powerful enemies in the banking world/Photo©Vincent Fournier for JACentral bank governor Lamido Sanusi has taken on the banking industry but now faces a more formidable foe in the form of the country's legislators. Members of the National Assembly are leading the charge to remove some of the central bank's powers, but his policies have the backing of foreign investors.

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Ghana gets new airline

Africa World Airline (AWA) got a $4 million injection from Ghana’s Social Security and Insurance Trust (SSNIT) A traditional leader in Ghana has teamed up with a local businessman to introduce an airline to service the domestic and regional routes.

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The African business dealbook

A GEF fund will plough $160m into sustainable forestry. Photo © RAFAEL MARCHANTE / REUTERS The Africa Report takes a peek at high profile African business deals from the first half of 2012 spanning IPOs, investments, funds, mergers and acquisitions, bonds and exits. Below are the highlights.

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