South Africa to invest in Ghana's Oil Sector

The Ghana Web Reports that South Africa is to invest in Ghana's Oil

South African President Jacob Zuma has assured that his country will continue to increase business investment in Ghana including the oil sector.

He disclosed that between 2003 and 2013, South African Businesses have invested over 60 billion rand in the Ghanaian economy.

“We have also agreed to further promote our economic relations. A number of South African companies have invested in Ghana which are significant and amounted to more than 64 billion rand between 2003 and April 2013” President Zuma said.

President Zuma also added that “We [Ghana and South Africa] have also agreed to deepen preparations in the field of science and technology.

Meanwhile, Ghana and South Africa have signed bilateral agreement in the areas of trade, transport and energy which is expected to see both countries exchange expertise and resources in that area.

Per the energy arrangement South Africa is expected to assist Ghana enhance its energy generation capacity to meet the growing demands of industries.

Speaking at a Joint Press Conference with visiting Jacob Zuma, President Mahama said it is the hope of both countries that the MOUs signed will enhance intra trade activities between them. 

PAAHD™

 

My prayer and hope as well is that the MOU's will enhance intra trade activities between West & South without the dictatorial and denigrating even racist influence of some private investors groups whose CEO and other powerful corporations are  based in South Afrika.   

This very Group who reiterated that their agenda is to bring only from their group of: "business coalition that brings together ethically like-minded companies with the objective of tapping into their business experience in Africa"  and that they are "neither a charity nor an investment group"; when the very name Investors in Africa and their mission statement depicts otherwise. 

Are we to assume that their investments are considered charity? "All our projects in Africa are developed and executed by our members in collaboration with international organisations. Unfortunately, the PIA does not fund any external projects", writes a spokes woman for Private Investors in Africa. 

Those are loaded statements that we can only hope that the wisdom, experience and intellectual knowledge of both His Excellencies and the grace and favor of a mighty G-D will continue to reveal unto them both what is best for Afrika and Afrikans. 

I can only say that I have read that some Ghanians are very non-trusting of President Zuma and a few had not so nice words to say about the South Afrikan President. 

May G-D continue to have mercy, grace and favor on Afrika!

 

Apostle Rubie James

Shalom Blessings One Love! 

HIS Love & Truth