The years following the
period analysed in this
report – 2019 to 2024 –
are expected to see more
sustained growth, with
growth of 3.2% in 2022,
3.5% in 2023 and 5.9%
in 2024.
The Tomsk Polytechnic University (TPU) in Russia.
institutions in Russia and Africa,” says Valery Karezin, director
of educational projects and human resources at Rosatom.
The University of Ghana, Kumasi Technical University and
Kwame Nkrumah University of Energy and Natural Resources
will all be implementing nuclear education programmes.
The Russia-funded scholarships include tuition fees to
Ghanaian students interested in studying nuclear energy
related fields in Russia. Students will have access to subsidised
accommodation, library funds and practical experience at
Russian nuclear enterprises.
“The goal of the scholarships is to support interest in nuclear
research and capabilities among young African scientists and
engineers. This will contribute to solving some of the world's
most critical issues in the nearest future, allowing for the
continent to industrialise, boost its economy and become
self-sufficient,” says Ryan Collyer, interim CEO of Rosatom
Central and Southern Africa.
MOZAMBIQUE:
DISASTER RECOVERY UNDERWAY
The government of Mozambique has received several
donations from the World Bank’s International Development
Association (IDA) to reconstruct infrastructure destroyed by
natural disasters in the north and centre of the country last
year. According to Ana Comoana, the spokesperson for the
Council of Ministers in Mozambique, one of the donations
aims to finance the development of the integrated project
for rural roads, including the recovery and maintenance
of roads, bridges and drainage ditches in the provinces of
Nampula and Cabo Delgado, in the north; and Manica and
Sofala in the centre.
AFRICAN BUZZ
The forecast for this year is based on the continued decline in
oil production, estimated by the government at 1.389 million
barrels per day in 2019, which is lower than even the maximum
limit of 1.481-million barrels per day set by the members of the
Organisation of Petroleum Exporting Countries (OPEC), due
to the exhaustion of some wells and the lack of investment in
prospecting in more recent years.
The drop in oil production and, consequently, in exports
will drive tax revenues further downwards, reducing the
government’s capacity to carry out expenditure, along with
more stringent conditions on granting credit to the economy,
thus hindering consumption and investment.
According to the EIU, a return to positive growth rates should
occur on the back of a likely increase in production of non-
oil sectors of the economy, such as agriculture, mining,
construction, manufacturing and services, as monetary policy
loosens some of its current rigidity and the government
continues to support these sectors as a way to accelerate
economic diversification.
The most significant growth of GDP for 2024 is the result of
an expected increase in oil production due to the launch in
October 2019 of the first auction of oil concessions since 2011,
in deep and ultra-deep waters.
The EIU report noted as positives the current drive to attract
more foreign investment but restated that the control that
politicians have over the economy, with resistance to change in
terms of increasing transparency, will remain as an obstacle to
the introduction of structural reforms.
Source: macauhub
PAN-AFRICAN:
MINING AND SMART CITIES
ANGOLA:
OUTLOOK REMAINS BLEAK
According to analysts from the Economist Intelligence Unit
(EIU) the outlook for economic growth in Angola remains
bleak. Projections point to 2020 being the fourth consecutive
year of recession.
The EIU’s Gross Domestic Product (GDP) forecast for this year
is a contraction of 1.3%, two percentage points lower than the
estimate of 3.3% for 2019, and the Angolan economy is only
expected to return to growth in 2021, when it is projected to
post a growth rate of 2.3%.
www. africanmining.co.za
African Mining Publication
As mining’s contribution to state
coffers in Africa continues growing,
urbanisation becomes a natural
progression as these economies
develop. At face value this doesn’t
really affect the mining industry,
however, it is something mining
executives should consider when
mitigating the effects of extraction
in developing countries. Africa has
become a high growth area for city
planners and architects, and the
concept of ‘smart’ cities continues
gaining traction across the continent.
Source: macauhub
Archibald F. Makatini GM
for Sub-Saharan Africa at
the Johnson Control MEA
headquarters.
The role of ‘smart’ buildings in accelerating infrastructure
delivery in Africa was placed under the spotlight at a recent
African Mining
African Mining February 2020
9