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Showing posts from December, 2017

Post #2 https://af.reuters.com/article/investingNews/idAFKCN1BV0P5-OZABS

https://af.reuters.com/article/investingNews/idAFKCN1BV0P5-OZABS Mozambique renewable energy project which uses hydro and solar power. This project, which is to generate electricity for the Mozambican people that are living in the villages around the country. This is a kind of efficiency for the country, which the factors of production that are combined to produce output using available technology that they have. This could be a public goods, because they could generate street lights to benefit the people that are living in the villages. This project would also known as final demand, because attraction of investment for the output and to be consumed by household. References Gregory P.R. and Stuart R.C.; (2014). The Global Economy and Its Economic Systems Reuters Staff, (2017), Mozambique hopes to raise $500 mln for renewable energy projects

Post #1 https://af.reuters.com/article/investingNews/idAFKBN1660KB

https://af.reuters.com/article/investingNews/idAFKBN1660KB This article is about a chemical company name Sasol that has found oil in the wells of Mozambique. Sasol objective in Mozambique is to make production on fossil fuel for the first time in Southern African country. With this oil production, it will be the initial conditions of the country  because of the discovery of oil resources that are being utilize for the first time. So far there are a dozen of wells that are being drill to see what are the outcomes, and the results are quite interesting, this would also leads towards an intensive growth of the country.      References Gregory P.R. and Stuart R.C.; (2014). The Global Economy and Its Economic Systems Stoddard E, (2017), Sasol sees first Mozambique oil production in 2-3 years