Issues such as supply chain disruptions and infrastructure gaps are affecting mining expansion
Commodity markets have been boosted by the prospects of an improvement to the global postpandemic economy, disciplined global monetary and fiscal policies, the impact of successful vaccine programmes and a general postpandemic increase in investor confidence. Commodity prices have also risen due to the more disciplined operations of the global commodities sector, especially regarding the implementation of environmental, social and governance principles in mining operations.
The EU recently noted that it will look to Africa to help fulfil its energy needs, especially regarding its oil and gas requirements. Countries in Africa, notably Nigeria , Mozambique, Nigeria and Senegal and Morocco are expecting increased demand for their renewable and non-renewable energy sources, though the EU has said it intends to prioritise clean energy sources.
Projects are already in progress to boost continent-wide infrastructure needs. Tanzania's construction of the Standard Gauge Railway Projectis expected to provide a safe and reliable means for efficiently transporting people and cargo to and from the existing Dar-es-Salaam port. Other large projects under way includethe Trans-Maghreb Highway in North Africa, the North-South Multimodal Corridor, the Central Corridor project and the Abidjan-Lagos Corridor Highway project.
The report revealed that development finance institutions are increasingly anchoring the infrastructure ecosystem in Africa, serving a critical function for project finance as investment facilitator and a check on capital, and that local and regional banks, specialist infrastructure funds and private equity and debt are stepping in to collaborate with them.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global agricultural commodity prices dampen sentimentExcessive rains in KwaZulu-Natal also weigh on crop conditions that have hit sector performance
Read more »
Could higher fuel prices impact your investments?An explainer for how SA’s fuel price is determined, expectations for the future and how higher fuel prices impact your investments.
Read more »
Impact of fuel prices in SAThe rand’s recent strength against the dollar has prevented further price increases. Geopolitical tensions and looming oil sanctions against Russia have resulted in expectations of a decrease in the future supply of oil. Moneyweb Fuel
Read more »
Covid deaths remain low in South Africa as positivity rate spikesSouth Africa has reported a rapid increase in new Covid-19 cases over the last week, however, the number of reported deaths remains relatively low.
Read more »
Africa turns to alternatives as wheat prices soarRice, manioc flour and sorghum are some of the substitutes being used
Read more »
CAF Confederation Cup semi-finals: Five things to knowIt is 26 years since Orlando Pirates of South Africa lifted CA) silverware and a favourable draw has given them a good chance to end the drought this month.
Read more »