Essential The Africa the Media Doesn't Tell You About

Roman Brady

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More Nigeria

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I see what you are trying to do but good chance these places looked good 20 years ago just not as good.Why dont you shows pics of rural places in abuja like ya ya or karu.These places resembled something out of a seargio leone flick when I last visited
 

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October 1, 2014
Entrepreneurial Plans Highest in Sub-Saharan Africa
Few in former Soviet Union countries, Europe planned to start a business
by Justin McCarthy
This article is part of a weeklong series, "Entrepreneurs and Strengths," on Gallup.com.

WASHINGTON, D.C. -- In 2013, one in seven adults worldwide (14%) who are not already business owners said they plan to start their own business in the next year. Entrepreneurial intent was highest in sub-Saharan Africa, where more than one in three respondents (35%) planned to start a business, and lowest in the former Soviet Union countries (5%) and Europe (4%).

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Entrepreneurial intentions tended to be highest in regions where many new businesses are born out of necessity rather than opportunity. Limited job opportunities in less developed countries tend to drive up intent to start a business. In the absence of well-paying jobs, residents turn toward self-employment. Sub-Saharan Africa and the Middle East and North Africa region, where 23% planned to start a business, had the lowest Payroll to Population (P2P) employment rates in the world in 2013.

Intent to start a business declines as economic growth increases, since people can find jobs with higher wages. This helps explain why plans to start a business were lowest in the more developed countries of Europe and the former Soviet Union. These countries had some of the highest P2P rates in the world 2013.

Malawi Tops the World in Entrepreneurial Intentions

In the 14 countries surveyed where more than 40% of non-business owners planned to start businesses in the coming year, 11 were located in sub-Saharan Africa. Majorities in only two countries planned to start a business, including Malawi, where 57% -- the highest figure in the world -- intended to do so.

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Many of the countries at the top of this list lack mature markets, offer few job opportunities, and are primarily agricultural economies or exporters of the natural resources. These are all conditions that propel a large proportion of population toward self-employment, especially in the informal sector. Starting a business in such environments may be the only way for residents to generate income.

Though surveying took place before the outbreak, several of the countries on this list are among those most heavily affected in the current Ebola epidemic, including Guinea (47%), Sierra Leone (47%), and Liberia (41%). Since then, the outbreak has disrupted all aspects of people's lives in these countries, potentially delaying aspiring entrepreneurs' plans to start a business, which may hurt private-sector job growth in the long term.

Cyprus and Kosovo Top European Region in Entrepreneurial Intent

Entrepreneurial intent is in the single digits across all the countries and areas in Europe, except for the area of northern Cyprus (18%), Cyprus (11%), and Kosovo (10%).

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In most European countries and areas, between 3% and 7% of non-businessowner residents were planning to start a business in the next year. The better the prospects are of steady income from wage employment or unemployment benefits when compared with starting a business in these countries, the less likely people are to consider starting a business.

Slovakia (1%) had one of the lowest figures of budding entrepreneurs in the world. Meanwhile, in the Czech Republic, Italy, Bosnia and Herzegovina, and Austria, 2% were planning on launching businesses in the next year.

Former Soviet Countries Are Among the Least Entrepreneurially Inclined

Entrepreneurial intentions are also low in countries that were formerly part of the Soviet Union. In Russia, for example, only 37% say their communities are good places for entrepreneurs who want to start new businesses, and 69% say the government makes it hard to start new businesses. This may reflect that, despite a move to the market economies in many nations in this part of the world, many in the region view the climate as generally poor for starting businesses. In only a few countries and areas -- Uzbekistan (14%), Tajikistan (11%), the Nagorno-Karabakh region (10%), and Kyrgyzstan (10%) -- did the percentage planning to start a business move into double-digits.

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Bottom Line

Although many in sub-Saharan Africa said they planned to start businesses in the next 12 months, this reflects the lower development levels in a region where businesses are more often born out of necessity than opportunity. But even these aspiring business owners face barriers to the training and funding they need.

In Europe and former Soviet Union countries, the percentages who said they planned to start their own businesses are much lower. In more developed countries, these businesses are likely to be created out of opportunity than necessity, but potential entrepreneurs in these regions face barriers as well. Many in these countries generally do not see their governments as supportive of business endeavors. This situation could potentially be a barrier to future job growth in countries that are still struggling to recover from the global economic crisis and the recent eurozone crisis.

Sangeeta Badal, coauthor of the new book, Entrepreneurial StrengthsFinder, contributed to this report.

For complete data sets or custom research from the more than 150 countries Gallup continually surveys, pleasecontact us.

Survey Methods

Results are based on telephone and face-to-face interviews with approximately 1,000 adults in each country, aged 15 and older, conducted in 2013. For results based on the total sample of national adults, the margin of sampling error ranged from ±2.1 percentage points to ±5.6 percentage points at the 95% confidence level. The margin of error reflects the influence of data weighting. In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls.

For more complete methodology and specific survey dates, please review Gallup's Country Data Set details.
 

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Angola Set to Overtake Nigeria as Africa’s Largest Oil Producer
  • By
  • SARAH KENT
Nigeria is set to lose its crown as Africa’s largest oil producer, at least temporarily, in large part due to oil theft and governance issues, the International Energy Agency said in a report published on Monday.

The IEA forecasts Angola will overtake Nigeria as the region’s top oil producer from around 2016, a status Nigeria won’t reclaim until the mid-2020s.

The shift will in part be due to an expected increase in production in Angola, but much of it is the result of domestic issues in Nigeria.

The IEA estimated that Nigeria currently loses 150,000 barrels a day to oil theft, the equivalent of $5 billion a year. On top of that, regulatory uncertainty—the result of a seemingly-permanently stalled Petroleum Industry Bill—has led to delays in investment decisions.

“What will put Nigeria second are uncertainty over the Nigerian investment framework, oil theft and governance issues,” the IEA’s Chief Economist Fatih Birol said.

http://blogs.wsj.com/frontiers/2014...take-nigeria-as-africas-largest-oil-producer/
 
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Poitier

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Remarks By His Excellency, President Goodluck Ebele Jonathan At The Launch Of The Elumelu Nigeria Empowerment Fund
Good morning/Good afternoon;

We are gathered here today to launch the Tony Elumelu Foundation’s Elumelu Nigeria Empowerment Fund.

Only two months ago, we launched the Victim’s Support Fund to provide immediate assistance to our fellow citizens in the North-East who have been besieged by violent extremists over the last several years. While the government continues robust security operations to eliminate the threat, and restore law and order and stability, we recognize that the long-term assault on that region has all but destroyed their infrastructure, displaced the population and halted economic activity.

Rehabilitating those communities will require interventions not just from the government, but also from the private sector. Therefore, I am pleased to see that Tony Elumelu, one of our private sector leaders, stepped up in a big way – by making a major contribution to the Victim Support Fund. His peers across the private sector also stepped up and the funds raised were a clear demonstration of how the private and public sectors can work together to transform this nation.

I am even more delighted that Tony Elumelu’s effort did not end there, in spite of how impressive his donation was. His Foundation – The Tony Elumelu Foundation – has followed the example set by the Victims Support Fund and has created the Elumelu Nigeria Empowerment Fund to provide interventions that will rebuild the economic resilience of local communities affected by conflict and natural disasters.

This particular Fund will focus on the medium and long term needs of post-conflict and post-disaster communities such as those in Jos and Ogoni land, both of which are represented here today, by revitalizing their social, economic, and environmental fabric as it relates to their four core pillars: Social Welfare, Entrepreneurship, Reconstruction, and Environmental Management. Through carefully selected Nigerian and international partnerships, the Fund will bring economic opportunity, sustainable development, and empowerment to impacted communities.

I hope that you can all see that the Elumelu Nigeria Empowerment Fund is a welcome partner organization to complement and follow on from the immediate relief efforts of the federal government, relevant ministries, departments, agencies, and relief organizations.

As this Fund works with its partners to revive and create sustainable programmes in beneficiary communities across the country, it is my fervent prayer that this work will help to rebuild peace in the hearts of our people, and restore hope for a brighter future for their families and a determination to sustain the unity of this country. Only then can we truly experience the transformative society we are all working tirelessly to build.

I want to thank Tony Elumelu and the board of directors of the Elumelu Nigeria Empowerment Fund for your service and sense of responsibility towards your fellow Nigerians. I want to assure you the full support and cooperation of the government in your efforts, and that we will continue to follow the progress of your work.

In closing, it is my distinct pleasure to declare that the Tony Elumelu Foundation’s Elumelu Nigeria Empowerment Fund is officially launched and to wish you every success in your efforts for many years to come.
 

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First Postwar Generation Casts Historic Vote in Mozambique Election


Voters prepare for casting their votes at a polling station as the country goes to the polls in Maputo, Mozambique, Oct. 15, 2014.

Anita Powell
October 15, 2014 6:40 AM

MAPUTO—
Mozambique marks its 5th democratic presidential election on October 15, passing another milestone on its quest to shed its war-scarred past. The vote represents a coming-of-age for a key demographic: Mozambicans born after the brutal 16-year civil war. At the nation’s oldest and largest university some young voters, full of opinions, expressed difficulty identifying with their older leaders.

There is little sign on the campus of the country's largest university that there is a major national election. The visual assault of red election posters, plastered on every public surface in Maputo by the ruling party, Frelimo, seems to magically stop at the university gate.

The absence of political ads does not define the new demographic: a generation of Mozambican voters who - unlike their leaders - have no memory of this nation’s defining independence struggle and civil war.

Millions born after the war ended in 1992 will be voting for the first time. More than 65 percent of Mozambique’s 24-million-strong population is younger than 25 -- and each year, more and more of them become eligible to vote (at the age of 18).

As VOA visited the campus of Eduardo Mondlane University ahead of this week’s vote, dozens of young people were talking about politics.

This generation seems widely exasperated by their elders’ insistence on using the war as a talking point. Some expressed frustration with the ruling party’s alleged corruption and nepotism, and on persistent inequalities between the cities and countryside. Many others complained that the nation’s education system is slipping.

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A voter's finger is marked after voting in the general election in Maputo, Oct. 15, 2014.
Every single person we spoke to said they planned to vote.

Biology major Leonor Goncalves, 20, rebuked her elders who beat the war drums as part of their campaign. That is a not-so-subtle jab at the main opposition party, Renamo, which was the main rebel group during the civil war -- and which in 2013 launched a spate of violent attacks over tensions with the long-time ruling Frelimo party.

Some parties, she recalled, in their campaign, always talk about war in their speeches. For example, some say, “we will attack, we will fight, we will kill” if things don’t go their way.

"We have to move on, we need peace," she said.

Other students, like 19-year-old public administration major Jossais Jordao Janiero, noted the nation’s future rulers need to focus on education -- and to consider quality, not just quantity. “They talk more about building schools, about building this, but they don’t talk about giving quality to our education. So for me, the most important issue in this election, for the next government, is to work more for the education,” stated Janiero.

Fresh ideas


Crime prevention student Sitoe Francisco Carlos, 32, has two children of his own, and jokes that he feels old on campus.

"The environment is inspiring... Young people have new ideas to improve our society. Of course the old people... I’m talking people with 50 years and more, I believe that they have, you know, outdated ideas, because they still think about wars and other things, while we need to improve our society in terms of transportation, employment, better schools, this is what the young people vote for,” he said.

Sociology student Belmira Leticia Mondane, who is 19 and voting for the first time, said she also wants a better educational system.

If she were president, standing up a little straighter at the thought -- she would change things, and rectify longstanding inequalities, she said.

"I would try to build more public universities, streets and hospitals," she said. "But I won’t do it in the city. I’ll do it in the countryside. In the city, we have it."

Mozambique’s youthquake is unlikely to upend the status quo. After all, some voters said, Frelimo has been in power for as long as they can remember. And Renamo has been on the sidelines for that long.

But this young generation is pushing new words into the debate -- words like “change,” and “more,” and “better,” and “now.” And as they do this, their numbers are growing.
 

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The African-Born U.S. Population Is a Highly Educated Group
Filed in Degree Attainments, Research & Studies on October 13, 2014

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Source: U.S. Census Bureau.

A new report from the U.S. Census Bureau finds that in the 2008-to-2102 period there were nearly 40 million foreign-born people living in the United States. Of these, 1.6 million, or 4 percent, were born in Africa. The number of African-born people in the United States has doubled nearly every decade since 1970 with the largest growth in recent years.

The largest number of African-born people living in the United States were from Nigeria. Ethiopia was the nation of birth for the second largest group of the African-born people in the U.S.

The African-born population of the United States is a highly educated group. More than 40 percent of the African-born U.S. population has graduated from a four-year college, compared to 28 percent of the total foreign-born population, and 29 percent of the entire U.S. adult population. More than 60 percent of Nigerians and 57 percent of South Africans living in the United States have a four-year college degree.

Only 12 percent of the African-born U.S. population has not completed high school, compared to 31.5 percent of all foreign-born people living in the U.S.

The report, The Foreign-Born Population From Africa, 2008-2012, may be downloaded byclicking here.
 

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http://www.bloomberg.com/news/2014-...il-to-be-complete-in-year-s-time-pm-says.html

Ethiopia-to-Djibouti Rail to Be Complete in a Year, PM Says

An electrified rail link from Ethiopia’s capital along its main trade route to neighboring Djibouti will be completed by October 2015, Prime Minister Hailemariam Desalegn said.

The Railways Corp. project, funded with a $1.6 billion advance from the Export-Import Bank of China and by Ethiopia’s government, is half complete, he said yesterday in the capital, Addis Ababa.

“Priority has been given to it,” Hailemariam said in response to questions from members of parliament. “Next October, the line will be finished.”

The 656-kilometer (408-mile) railway is part of a five-year growth plan for Ethiopia started in mid-2010 that seeks to spend 569.2 billion birr ($28 billion) of public and private funding on infrastructure and industry. The new route to Djibouti may halve travel times, according to the government.

Seven out of 10 cane factories being built by the state-owned Sugar Corp. will also be completed in a year’s time, with the rest finished in the subsequent six months, the premier said. “We will be able to export the sugar they produce this year,” he said, referring to the Ethiopian calendar year that ends Sept. 11.

Sugar Corp. signed $580 million of government-guaranteed loans last October with the China Development Bank to finance six processors in the South Omo region, while China’s Ex-Im Bank provided a credit line of $500 million in May for a sugar plant in the northern Tigray region, according to data on the Finance Ministry’s website.

Increase Output
In September 2011, the government said it planned to increase sugar production almost eightfold to 2.3 million metric tons by mid-2015, leaving a surplus for export of 1.25 million tons. Plans to build 10 sugar factories, a 2,395-kilometer rail network and boost power supply fourfold to 8,000 megawatts haven’t been fully achieved, said Girma Seifu, the only opposition legislator of 547 members of parliament.

“At this point in time we’re just importing sugar,” he said by phone from the capital yesterday. “The plan is just for propaganda purposes rather than implementation.”

Turkish contractor Yapi Merkezi Insaat VE Sanayi AS has commenced work on a northern railway line from Awash to Woldiya, while a Brazil-funded project to the southwest hasn’t begun, Hailemariam said. Russia plans to fund a link to Kenya, according to the Railways Corp. “Because there is an economic slowdown those countries have not been able to release the loans,” Hailemariam said.

Loan Maturities
An advance of $300 million from the Export Credit Bank of Turkey funds the Turkish project at the six-month London interbank offered rate plus 3.75 percent, according to the Finance Ministry.Credit Suisse Group AG (CSGN) is loaning $450 million at the same rate and $415 million at six-month Libor plus 4.59 percent for the line, the data shows.

All the agreements were signed July 7. The maturity of the recent loans for rail and sugar is about 12 years. That compares with a four-decade repayment period for World Bank advances, which come with interest rates of about 0.75 percent.

The first Credit Suisse funding was released in August for the “essential infrastructure” project that will be finished in three years, bank spokesman Adam Bradbery said in an e-mailed response to questions. Its financing for the 389-kilometer track is split into a $450 million, seven-year maturity commercial loan involving lenders from Europe, Africa, the Middle East and the U.S., he said today.

The bank’s other loan is backed by Sweden’s Exportkreditnamnden, Denmark’s Eksport Kredit Fonden and Swiss Export Risk Insurance, and will be paid back over 13 years, Bradbery said.

Ethiopia is on the “cusp” of going from a low to moderate risk of debt distress, the International Monetary Fund said this month. “Commercial loans to finance large public investment projects by state-owned enterprises could increase the risk to Ethiopia’s public debt sustainability,” it said.

To contact the reporter on this story: William Davison in Addis Ababa atwdavison3@bloomberg.net
 

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http://www.bbc.com/news/business-29541768
:sas2:

Boom times for Ethiopia's coffee shops
By James JeffreyAddis Ababa, Ethiopia
As coffee plants originate from the east African nation - where they first grew wild before cultivation started in the country more than 1,000 years ago - it is perhaps unsurprising that Ethiopians take coffee drinking very seriously.

So much so that Ethiopia has a ceremonial method of making coffee at home that continues to this day.

The ceremony sees raw beans roasted over hot coals, with each person in attendance being invited to savour the smell of the fumes. The beans are then ground with a wooden pestle and mortar before finally being brewed - twice - in a clay boiling pot called a jebena.

Continue reading the main story
“Start Quote
Now is the right time to cash in on our history”

Wondwossen MesheshaTomoca's operations manager
While the resulting coffee is inevitably delicious, the whole process can take more than an hour. And a growing number of Ethiopians say they no longer have the time.

And so, as Ethiopia's economy continues to expand strongly, more people - led by young professionals in the capital Addis Ababa - are instead buying pre-roasted beans, or visiting coffee shops to have their favourite drink made for them.

It means boom times for the country's independent coffee roasters and cafes, who have seen their numbers rise and some are even looking to expand overseas.

Surviving Communism
The family-run Tomoca coffee shop, perhaps the best-known in Addis, lures in customers with the smell of freshly roasted coffee drifting from its chimney.

Located off one of the city's main shopping streets, it has been open since 1953 when it was just one of a handful of firms in Ethiopia roasting coffee.

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Ethiopia has a very long and proud coffee-making history
While business was slow but steady for Tomoca during its first 20 years, times were tough when Ethiopia was ruled by a Communist dictatorship from 1974 to 1991. For those 17 years just staying in business as a private company was the priority.

Since 1991 though, the firm has made up for lost time, particularly in the last couple of years, benefiting from a rapidly expanding Ethiopian economy, which grew by 9% in 2012 and 10.4% in 2013.

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Ethiopian coffee facts
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  • The two main species of coffee plants both originated in Ethiopia - the highly prized arabica, and the less well thought of robusta
  • Arabica, which has a better flavour and lower caffeine content than robusta, but only grows at a high enough altitude, is the type planted commercially in Ethiopia
  • Ethiopia has 5,000 different strains of arabica. By contract, countries such as Brazil and Colombia only have about 20
  • Ethiopia is the world's seventh-largest coffee producer
  • Half of Ethiopia's annual crop is exported
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With a growing number of people in Addis now having the money - and desire - to go out for their coffee, Tomoca today has five cafes, and its turnover is growing by 70% a year.

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Wondwossen Meshesha says Tomoca is making up for lost time
The company also now has a dedicated coffee roasting plant just outside the city, which supplies supermarkets.

Wondwossen Meshesha, Tomoca's operations manager, says that the firm has finally been able to make some decent money after more than 60 years of building up its name.

"Now is the right time to cash in on our history," says the 28-year-old. "Our customers are really into the brand."

Starbucks influence
At Alem Bunna, another of Addis's independent coffee shops, its marketing manager Getachew Woldetsadikk says the city's cafe culture is booming because young professionals lead such busy lives.

"They do not have time to sit at home for an hour roasting coffee," he says.

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Getachew Woldetsadikk says young people are too busy to roast their own coffee beans
Yet such customers also say they are attracted to the quality of coffee available.

"I come here every day as I work nearby - I prefer this style," says 27-year-old accountant Tesfaye Abdissa, sitting inside Mokarar, another of Addis' coffee shops.

Mokarar's owner Tigist Tegene says the secret to the popularity of her firm's coffee is that they roast it using an old wood-fired oven.

"Customers like the shine and flavour this gives the beans," she says.

At the same time, Ethiopians are not impervious to Western-style hipness.

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The founder of Kaldi's Coffee was influenced by a number of trips to the US
At Kaldi's Coffee, its green and white logo was inspired by US giant Starbucks, after its owner, Tseday Asrat, accompanied her husband, an Ethiopian Airlines pilot, on trips to the States.

Mrs Tseday now has no fewer than 22 branches in Addis, which teem with people ordering "short" and "tall" coffees.

Searching for partners
As well as serving a growing domestic market, Tomoca is now eyeing increased overseas sales.

Customers around the world can already order its beans by mail order, and it has a deal with a partner in Japan which sees Tomoca coffee distributed to Japanese restaurants, department stores and cafes.

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Eyerusalem Mesele (left) does not fear any foreign competitors opening cafes in Addis Ababa
Tomoca's Mr Wondwossen says the company now wants to sign similar partnerships in Europe and North America, including opening cafes under its own name.

"We need to find partnerships as we cannot do this on our own," says Mr Wondwossen.

Closer to home, the firm also plans to expand into neighbouring Djibouti, Kenya and Sudan.

Alem Bunna is also on the lookout for foreign partners, to help it expand into new African markets, followed by Europe and Asia.

Foreign invasion?
Yet as these small coffee roasters and shops are turning their attentions abroad, they could soon be facing competition at home from the big Western coffee chains.

For while government regulations currently prevent foreigners opening cafes in Ethiopia, this rule is expected to be overturned in the near future.

Geoff Watts, vice president at Intelligentsia Coffee, a roasting firm in Chicago, says he expects to see many global firms consider entering Ethiopia.

"Some of the big coffee chains would be interested as Ethiopia is a market that really appreciates coffee, and consumes a lot per capita," he says.

But those within Addis' thriving indigenous coffee scene say they are not worried by the potential arrival of foreign competitors.

As 19-year-old Eyerusalem Mesele, who runs a coffee stand outside a lively bar, puts it: "Customers come for my friendliness, and because they prefer traditional coffee."
 

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Cairn discovers oil offshore Senegal
London - Oct 7, 2014

Oil explorer Cairn Energy and its joint venture partners have discovered oil at a well offshore Senegal and further exploration work nearby is already planned, the company said on Tuesday.

The companies encountered 29 metres of net oil bearing reservoir at the FAN-1 well, located around 100 km off the coastline and 1,427 metres deep.

"We have encountered a very substantial oil bearing interval which may have significant potential as a standalone discovery," said Cairn Energy chief executive Simon Thomson.

Cairn Energy has a 40 percent interest in three offshore blocks in Senegal, while ConocoPhillips has 35 percent, FAR Ltd 15 percent and Senegal's national oil company Petrosen owns 10 percent.

Simon Thomson CEO Cairn Energy PLC said;
“The oil discovered in the FAN-1 prospect is an important event for Senegal and the Joint Venture.

“We have encountered a very substantial oil bearing interval which may have significant potential as a standalone discovery. Furthermore, this result materially upgrades the prospectivity of the block with a proven petroleum system and a number of deep fan and shelf prospects established.

“Work is already underway with the Joint Venture partners to determine follow up activity which is targeted for 2015 onwards.

“Cairn looks forward to working with the Government of Senegal and our partners to realise the full potential from this large acreage position off the West coast of Senegal.”
http://www.reuters.com/article/2014/10/07/cairn-energy-senegal-idUSFWN0S001P20141007
^^
 

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Senegal: no oil production before 2020
10/16/14


Senegal aims to start pumping oil in around five years' time after the recent discovery of an offshore field opened up the enticing prospect of it joining the club of crude producers.

"We think that in 2019-2020 we will have our first barrel produced offshore," the head of Senegal's oil company Petrosen, Mamadou Faye, said on Wednesday, according to state media.

British group Cairn Energy announced to investors last week that exploratory drilling at a depth of 1,427 metres (4,682 feet) in a field off southwest Senegal had discovered the reserve, which it provisionally estimated at more than three billion barrels.

Cairn said it was working with its partners with an interest in the block -- US group ConocoPhillips, Australian-listed FAR Ltd, and Petrosen -- to follow up on the find.

In an online announcement, Cairn noted there was "currently no oil production in Senegal and only one producing gas field onshore.

"Discovering further domestic energy resource would be of national benefit and help address the imbalance between energy supply and demand in Senegal," it said.

Faye said Senegal currently pays around 10 percent of its gross domestic product to import oil.

source: AFP (eng)
source: http://en.africatime.com
 

BigMan

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man Nigeria and Ethiopia seem to really exciting places right now. I think those will be the two rising powers in Africa, along with the portuguese speaking nations and Kenya. fucc south africa
 
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