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Whisperings on African business developments & opportunities – February 2015

It is likely that there will be particular interest in the COTE D’IVOIRE ELECTIONS due to be held in October 2015. The mainly southern opposition party, Front Populaire Ivoirien (FDI) (of former prime minister Pascal N’Guessan) is calling for the release of some of its leaders from prison and the elimination of sanctions on the party ahead of the elections. This party of the former President Laurent Gbagbo could have enough support to influence the election operations. In 2011 it boycotted the parliamentary elections and in the 2001 elections it won 96 of 225 seats.

CAMEROON will be raising financing of around USD 580 million for infrastructure projects through the issue of TREASURY BILLS AND MEDIUM-TERM BONDS. African countries including Zambia and Rwanda have had considerable success in raising such finance. 

The recent sharp drop in global prices for oil, copper, iron ore and other resources is likely to have a restraining effect on OIL AND MINING PROJECTS in SUB-SAHARAN AFRICA. Already companies are announcing a reduction in spending and staff. The adverse effect may however be partly offset by lowering operating costs.

The recent torrential rains in CENTRAL AND NORTHERN MOZAMBIQUE as well as MALAWI have damaged roads, railway lines and bridges. A number of project teams have had to suspend their operations and wait until the waters recede and adequate working conditions resume.

The ANGOLAN MINISTRY OF TRANSPORT forecasts that the newly reconstructed BENGUELA RAIL LINE will carry 20 million tons of cargo. The new route will further reduce dependence on South African ports by the Democratic Republic of Congo and Zambian copper producers.

Africa Project Access is a South African company providing specialist consulting services and information regarding projects in Africa.  For more information, contact Paul Runge on +2711 465 6770 or afric.projs@pixie.co.za.

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