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Whisperings on African business developments & opportunities – March 2015

There seems to be a growing DEMAND FOR MID-RANGE ACCOMMODATION IN REMOTE SITES IN AFRICA which could accommodate teams of artisans, such as welders and boilermakers, who are required for the resources industry. Even shared tents are being considered as formal hotels tend to be expensive due to high running costs.

JAPAN’S INVOLVEMENT IN THE AFRICAN AGRICULTURAL SECTOR is marked. There are numerous projects being undertaken including, a new fertilizer plant in Kenya, a sugar and ethanol project in Angola, biofuel and fertilizer initiatives in Mozambique as well as rice crop improvement in several African countries.

Exporters and investors who require LOCAL CURRENCY REQUIREMENTS for their ventures in AFRICAN MARKETS are advised to consider approaching local banks or in-market banks that are in alliance with major international banks or banks from their home countries.

It is reported that CHINESE OPERATORS IN AFRICA have recently adopted a more accommodating approach towards potential non-Chinese partners. This seems to be attributed to a lower budget of the China Eximbank. Others believe China has adopted a long-term view (as much as 25 years) on its investments and operations internationally.

National-OilWhile the new KENYA NATIONAL OIL CORPORATION has commenced raising funds from its recently discovered oil blocks, Uganda is still trying to establish its national oil company. The creation of NEW NATIONAL OIL UTILITIES is a necessary precursor to the development of a country’s oil industry.

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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