Head: Natural Resources and Energy
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.
- 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.