NATURAL RESOURCES INSIGHTS | 10 OCTOBER 2019

Africa stands on the cusp
of an oil and gas boom

Absa | Corporate and Investment Banking > Insights and Events > Africa stands on the cusp of an oil and gas boom
Shirley Webber Author

Shirley Webber

Head: Natural Resources and Energy

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Absa's Shirley Webber unpacks why Africa is attracting international investors.

https://youtu.be/Hco6wk2iWQU

In this instalment of the 2019 Absa Insights Series, Absa’s Shirley Webber, Head: Natural Resources and Energy, Absa CIB, chats to Tawanda Madondo about the future of mining in Africa and Australia’s interests in African mining and energy.

Video highlights:

  • ABSA is seen as a Pan African bank with a presence in Uganda and Kenya, two East-Africa countries with oil reserves.
  • The pipeline project is estimated at between R3.5 billion and R4 billion, Absa plans to play a crucial role in funding the project, and, through this investment, improve the economy and uplift local citizens.
  • Beneficiation is an important element as countries re-evaluate what they should be doing with their natural resources. The higher a region’s ability to beneficiate, the higher the impact on local communities.
Shirley Webber Author
Shirley Webber

Head: Natural Resources and Energy

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