Trending
- Rising Flood Waters Spell Doom for Communities in Zambia
- Technology trends that will revolutionize Africa in 2023
- Kenya’s Equity Bank completes acquisition of Spire Bank
- Nigeria’s Union Bank gets $30Mn loan from IFC to lend to SMEs
- African countries open to cheaper flights to boost domestic travel
- Majority of Kenyans buy from companies with distinctive branding – Report
- Tapping into the potential of Africa’s music industry
- Breaking the Cycle: Strategies for Managing Black Tax
Browsing: SOCIO-ECONOMIC IMPACT OF ENERGY SECTOR
The Energy sector has received substantial capital commitments. In the course of the continent’s growth, the sector has seen lucrative returns and enormous risks and losses. The energy sector’s main upside has been the increased economic growth and development witnessed on the continent.
The story has not been an absolute success, however, with some huge losses incurred. The government mainly monopolizes the energy sector in Africa as it provides a critical service to the economy. Failure of the sector could result in a catastrophic collapse of the economy across all fronts.
The impact of mergers in the Energy Sector
Operational cost-efficiency
South Africa has recently welcomed a major energy merger that is effective 1 April 2021. PetroSA, iGas, and Strategic Fuel Fund are set to become one entity called the South African National Petroleum Company. A deal has the potential to produce high-value returns for investors and substantial developments in …
