In 2016, the Southern African industrial gases business generated revenues of $535m, which is up from $210m in 2006, indicating an average annual growth rate of just over 8%.
This incorporates Namibia, Botswana, Angola, Zimbabwe, Zambia, Mozambique, Malawi, and South Africa, but the latter is by far the most important market, accounting for some $415m (78%) of the total gas revenues for the region. South Africa does in fact constitute the most important market on the entire African continent.
Excluding South Africa, the rest of the region can be characterised by the exploitation of a range of natural resources, including oil, natural gas, copper, nickel and zinc. Up until 2015, the focus on commodities resulted in double-digit economic growth for many of the countries in the region.
... to continue reading you must be subscribed
