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 Head: Natural Resources and Energy SHARE Absa's Shirley Webber unpacks why Africa is attracting international investors. 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 WebberHead: Natural Resources and Energy https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles NATURAL RESOURCES AND ENERGY Battery metals to boost Africa If Africa is serious about maximising its exposure to the resource sector over the coming decade, a clear strategy relating to nickel, copper and lithium will be critical. Read more NATURAL RESOURCES AND ENERGY Banking on metals of the future The next decade will be pivotal for the mining sector in Africa and there are numerous reasons to feel optimistic about deal-flow and transactions on the continent in the coming years. Read more NATURAL RESOURCES AND ENERGY Where does Africa fit into the global resource mix? Shirley Webber explains how Africa is emerging as a global force in oil and gas markets and its growth in oil and energy demand is forecast to outstrip China in the coming years. Read more