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 POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Absa Insights Series: The future of renewable energy is bright The untapped potential of Africa’s treasure trove of natural wealth presents its beneficiaries with a prosperous future, if exploited. POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Absa Insights Series: Coal to gas shift – a major step toward energy stability in SA The market exists and, so does the technology – the question is, who is capable of operating energy storage in South Africa? POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Absa Insights Series: Energy is the gatekeeper to a prosperous future Tackling Africa’s energy crisis starts with policymakers and evidence shows that they’re not moving fast enough. POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Absa Insights Series: The race to win the battle of energy storage is on Wherever there is a problem, there is a solution and in the energy sector, a solution is an opportunity
