28 May 2019
Air and maritime transports have long been identified as a major bottleneck for economic growth and development of Cabo Verde. Flying to Lisbon, Portugal, is often cheaper than flying between islands, and moving goods internally is also expensive for local companies. A revamp of air and maritime transports, a priority for the local Government, is finally taking form, but with mixed prospects.
23 October 2018
While the Brazilian economy struggles to get back on track after an extremely difficult decade, its hydrocarbon wealth continues to attract international interest. State owned Petrobras dominates the upstream and refining sectors but has been forced to sanction foreign investment because of its own financial difficulties. At the same time, Brazil’s engineering giants have been blocked from bidding for some contracts, providing opportunities that may previously have been closed off.
02 October 2018
Asia’s newest country stands at the economic crossroads. The development of the Greater Sunrise oil and gas project looks more likely to proceed than at any time for a decade but is still not guaranteed. In the meantime, existing gas fields are being run down, while the government has few long term options to generate more income and could easily be toppled by political infighting.
27 September 2018
The northern Mozambican district of Montepuez has one of the highest-grade graphite deposits in the world. These deposits are being explored. Next year three major projects will increase production, all with major exporting contracts to China. For the government, this will mean a new inflow of much needed royalty fees.