Senegal’s population of 16m is situated on the Atlantic Coast of West Africa. With robust and sustained annual economic growth at 6% or above since 2014, and a considerable multifaceted investment and reform programme under way, the country is well positioned to see a sustained influx of foreign capital as economic momentum builds. Senegal’s solid macroeconomic performance is underpinned by its relatively strong and long-running status as one of the most stable countries in the region.
By 2017 the country has an ambitious target of adding 5000 MW to the national grid. Of this, the government plans to include 1600 MW from geothermal sources, 1920 MW from coal-powered plants, 420 MW from hydro and 650 MW from wind. The government has outlined a significant role for the private sector in these projects, and recent legislative reforms should see the number of independent power...
An anticipated recovery in the upstream segment in 2017 could spur a new round of investment, and downstream demand is expected to continue rising, particularly as vehicle sales accelerate. While the forecast for 2015 is mixed, the industry’s long-term prospects remain bright, and the sector is likely to be a major economic engine over the next five years. The total volume of petroleum...
Kenya is one of the economic and political heavyweights of East Africa. Despite recent security issues, it is recording strong economic growth and maintaining its leading position in the region. Recent discoveries of new oil, gas and water reserves and a young population give further cause for optimism, and the government is working to put the right policies into place to maximise the country’s potential.
Hydrocarbons activity is the single most important industry in Algeria, accounting for approximately 60% of government revenues and 95% of total exports. The fall in oil prices since mid-2014 of more than 50% had a negative impact on the country’s finances and resulted in a halving of earnings from hydrocarbons exports. Concerns have been...
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