Natural gas is like a child with the silver spoon of the energy world, promising great future. Africa at present occupies a very small chunk of Natural Gas production but is expected to lead the world in next few decades. over the last few decades series of major gas reserve discoveries in Mozambique and Tanzania have a relight the interest in the expansion of continent’s gas reserves. It is worth noting that these regions were previously not notable for their contribution to oil and gas industry. Africa’s main gas producers are Algeria, Nigeria and Egypt. these countries account for 90% of continent’s gas production. Regionally North Africa holds the lion share in the gas production and consumption. With Algeria,Egypt and Libya having the largest gas reserves. Over the years, East Africa has become most attractive gas exploration hot spot. Mozambique and Tanzania’s substantial offshore gas reserves offer the potential to become prominent LNG( Liquefied Natural Gas) exporters in the coming decades. The East Africa Gas market is expected to attract investment worth 10 billion$ in coming decades. Notably, the government is taking steps to create incentives for energy companies to explore specifically the natural gas segment. Africa Financial Corporation has commissioned to disburse an initial investment of 75 million US$ in NewAge Ltd- a privately held oil and gas exploration company, to enable it to develop projects in Nigeria, Republic of Congo and similar other African countries. And the corporation is also taking initiatives to mobilize around 2bn$ of investment as a sponsor, advisor or lender to natural resource projects. Similarly steadily rising offshore exploration is giving an indication that the continent is becoming and attractive natural resource investment destination among the international companies. African government who are well managing their regulatory and business environment are expected to attract more of such investment in near future.

Oil refining is another segment where investments are seen to be floating. Being the among the biggest oil reserve countries, Africa’s refining capacity is limited. Investments in this segment is seen to be floating across construction of new refineries and refurbishment of the existing one. African government has promised to revive four major state-owned refineries and also to increase their capacity in the coming decades. These things point towards bigger opportunities for construction of oil refineries in countries like Angola and Nigeria. Many of the private companies are stepping in to build and operate their own private refineries. Dangote- an oil refining company has received an investment of 99.7 million US$ to increase the domestic capacity of the refineries in Nigeria. The company has also signed a loan agreement with both Local and International banks to tune in 3.3bn $ for construction of biggest Petroleum oil refinery and Petrochemicals and Fertilizer plants in Nigeria. Similarly many oil refineries construction tenders are floated by the government from time to time reflecting opportunities for high-tech capital intensive projects that may give competitive edge to the foreign companies looking to tap the market.

The sources of Oil and Gas are evolving and will continue to. The countries leading the oil and Gas production should continue to offer both National and International companies attractive investment opportunities which may help foster competition, efficiency and capabilities. Government must also find new ways to leverage its resource sector to capitalize on GDP growth.

Africagateway helps you find the latest and live procurement opportunities in Oil and Gas industry of Africa.

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        http://www.africagateway.info/

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Industries like agriculture, construction, real estate, small scale manufacturing companies, tourism, and IT sector has seen great growth in Kenya. Kenya is said to be next hub for IT and food industry in Africa.

Tourism: Kenya’s Tourism has exhibited steady growth in most years since independence, and hence it contributes to almost 61% to the GDP of its country. Tourists, the largest number being from Germany and the United Kingdom, are attracted mainly to the coastal beaches and the game reserves, notably, the expansive East and West Tsavo National Park. Tourism is now Kenya’s largest foreign exchange earning sector followed by flowers, tea, and coffee.

Agriculture: Agriculture is the second largest contributor to Kenya’s gross domestic product (GDP), after tourism. The principal cash crops are tea, horticultural produce, and coffee. These crops are grown in the fertile highlands, one of the most successful agricultural production regions in Africa. Horticultural produce and tea are the main growth sectors and the two most valuable of all of Kenya’s exports. Government on regular basis is floating tenders online in Kenya related to agriculture and its products.

Kenya’s flower industry is rapidly growing. It is recorded to have the highest growth in both volume and value of all horticultural products, including fruits and vegetables.  It is also one of the oldest and largest sectors, maintaining an average growth of 20% per annum after its rapid expansion in the early 1990s.

Africagateway is one of the online portals which help you provide information on tenders in Kenya, projects taking place there and online information on tenders of other countries.