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AFRICANGLOBE - Recent statistics show that the Africa Rising narrative is not dependent on oil nor does it depend on mining. In a recent article, ‘The Economist,’ argued that the effects of the resource curse is waning. Here is how Africa is ending the curse:
AFRICANGLOBE - Oil-rich African countries will benefit from robust economic growth but weaker crude prices could send budget deficits higher next year, a Reuters poll showed on Tuesday.
AFRICANGLOBE - The $10 billion CLOV project in Block 17 will produce 160,000-barrels-a-day, helping Angola achieve a target of 2 million barrels a day by 2015 and rival Nigeria as the continent’s leading producer
AFRICANGLOBE - The Petroleum Industry Bill aims to resolve some of the many issues that have affected Africa's largest oil producer and pave the way for future growth and investment
AFRICANGLOBE - Kenya has no officially confirmed commercial oil deposits yet but the year 2012 will remain the best for Kenya's quest to join the league of oil producers. For a country which a year ago had no reason to think of ever becoming an oil producer, two wells at appraisal stage in Northern Kenya and gas finds at the coast is exciting.
Reports from Kampala indicates that the Ugandan government aims to take up a 40 percent stake in its planned oil refinery and offer a...