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Ghana

Ghana Could Be Sub-Saharan Africa’s Fourth-Largest Oil Producer By 2020

Ghana’s oil output has been boosted with the start of production from the Tweneboa, Enyenra & Ntomme (TEN) project in August. The oilfield, which is expected to peak at about 80,000 bpd in 2018 has produced its first barrel, and is expected to maintain a steady flow of about 20,000 bpd in 2016.

We believe this has increased Ghana’s average oil output to over 100,000 bpd in 2016, considering ongoing challenges at the Jubilee oil field, which is yet to resume 2015 peak level production of 115,000 bpd. Based on existing fields and field development plans Ghana crude oil output is estimated to be over 240,000 bpd by 2019. This could potentially make Ghana the fourth largest oil producer in sub-Saharan Africa by 2020, based on existing fields and planned field development in the top ten oil producing countries in the region.

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Hilton To Build New Hotels In Nairobi And Accra, Aims For Africa’s Tallest Building

Hilton Worldwide, a leading global luxury hotel chain, will build its first modular and tallest hotels in Ghana and Kenya as it seeks to expand its presence in three more countries across Africa. The move is part of the hotel’s plan to increase its chains from the current 39 outlets to more than 80 in Africa, in the next five years. “We remain hugely committed to Africa across our portfolio of world-class brands, continuing to introduce our hotels to new markets across the whole of sub-Saharan Africa in the coming years,” Patrick Fitzgibbon, senior vice-president of Development, EMEA Hilton Worldwide said in a statement on Monday.

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Africa Needs To Make A Mooooove On Its $400 Billion Dairy Market

The global market for dairy products is growing steadily and is expected to generate revenue worth more than $400 billion in 2019. World milk production has increased by more than 50 percent in the last three decades, from 500 million tonnes in 1983 to 769 million tonnes in 2013, according to the Food and Agriculture Organization. The U.S. is the largest milk producer in the world, accounting for 14.4 percent of world production 91 million tonnes in 2013. India is No. 2 with 9.5 percent of world milk production amounting to 61 million tonnes in 2013. The U.K. is the 10th largest producer,  with 2.2 percent of world cow’s milk production and 14 million tonnes in 2013. Of the 10 largest milk producing countries, Turkey and Brazil grew the most at 4.2 percent and 6 percent from 2012 to 2013.

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