Category: Business

Top African Oil Producing Countries

Julia Sluder 09/01/2021

Africa is estimated to produce about 10% of oil in the world. Ideally, it produces 8 million barrels each day. You should note that its oil production has fallen over the years because of different reasons. One of the reasons for the decline is low global oil prices. These are the major oil-producing countries in Africa. The arrangement is not in any specific order.

Sudan and South Sudan

These are two countries that are among the leading producers of oil in Africa. You should note that most oil wells are in South Sudan. Nevertheless, these two countries rely on each other because of the existing pipeline. When you read the Swedish investigation of Lundin report, you will find out there is a huge decline of oil production. Due to the separation of the two countries, the amount of oil they produce has drastically reduced.

South Africa

South Africa is known for producing gold. However, it is also a major producer of oil. With an estimated 170,000 barrels per day, it is highly rated. The oil industry thrives because of the well-developed infrastructure and large economy. Moreover, it has a modern crude oil refinery.

Nigeria

Nigeria is considered to be the largest oil producer in Africa. Like most oil-producing countries in Africa, its output has been affected by constant attacks on its infrastructure by armed militia. Although this is an oil-rich country, this only accounts for about 10% of GDP. The country also depends on other things such as tobacco, cocoa, vinegar, and processed food.

Angola

offshore oil drillingAngola is another major oil producer in Africa. In fact, it competes with Nigeria. However, its oil production has been fluctuating over the years. It drills a lot of oil from the deepwater oilfield. You should note that much of the oil is drilled offshore because conflict and violence have hindered exploration in the interior.

Algeria

Algeria is also a leading oil-producing country and it is estimated to produce about 1.8 million barrels per day. However, there have been production declines because of a lack of investments in infrastructure. Other than oil, the country is also a major producer of natural gas.

Egypt

Egypt is estimated to produce about 700,000 barrels of oil daily. Like other countries, its oil production keeps falling, due to aging oil fields. There are still oil exploration activities that are ongoing around the country.

Libya

Civil wars in Libya have drastically reduced the amount of oil produced each year. At its peak, the country was producing about 1.8 million barrels each day.…

Read More Top African Oil Producing Countries

Ways to Market Your Business Online

Robert Aldridge 27/12/2020

Starting a business and making it successful is not always an easy task. There are various things a business owner must consider doing for a business to succeed. One of the essential factors a business needs to conduct is online marketing.

Digital marketing is the next big thing in various industries. Many established companies are striving to have an online presence. A good example of an established enterprise with an online presence is Lundin Petroleum on social media.

If you’re looking for ways to market your business online, the article will give you some insights. Below are some of the ways you can market your enterprise online.

Posting Relevant Content

To market your business online, more people must visit your business’s social media handles or website. To attract more people online, you should improve your website, SEO rankings. You should begin by posting relevant content.

Try and find interesting topics and content to ensure you get the attention of more people, who can later become your business customers. It is important to note that there are many websites of businesses that may be providing the same content. This fact has made many people who go online to be choosy.

Reaching Your Targeted Demographic

man sittedEach business has potential customers that are most likely to buy their products or services. The demographic of an ideal customer will be determined by the type of goods and services your enterprise is selling. Once you determine the demographic to target, you should find ways to get their attention when marketing online.

Provide content that will get the attention of the people you wish to buy from your business. Providing content about celebrities and the latest trends will be ideal for businesses targeting young people.

Utilizing Influencers

SmartphoneIf you plan to use different social media platforms, you should highly consider using social media influencers. You may be surprised by the number of people using social media platforms every day. One of the reasons many enterprises prefer to use social media for marketing is to reach many people with ease.

If you aim to reach many people and convert them to customers, you should consider using social media influencers. When an influencer mentions your business, a product, or a link to your business’s website, many people can know about your business.

Online marketing will be a valuable asset to your business. If you are marketing your business online, you should consider the tips mentioned above.…

Read More Ways to Market Your Business Online

The Various Risks Faced by Businesses

Claudia Humphrey 14/12/2020

Businesses are built by sheer hard work and proper strategizing. Additionally, to maintain a business as a profitable venture, the entrepreneur must remain on top of their game to plan and guide their employees and other parties. However, enterprises face some potential risks that may hinder businesses from attaining their goals. As such, business owners must undertake proper risk management to prevent risky events or reduce their severity.

Here are some of the risks that businesses face:

Reputation Risk

reputation riskCompanies face the risk of ruined reputation due to product failures, unsatisfied or unhappy customers, bad publicity, and even legal suits that taint the business name. Unfortunately, lawsuits like the alleged complicity by Lundin in crimes against international humanitarian law in Sudan can have far-reaching negative impacts both locally and internationally. Besides, social media play a significant role in propagating a negative reputation.

To avoid the possibility of a negative reputation, the company can invest in reputation risk management by regularly monitoring what others are saying about it online and offline. It can then respond appropriately to prevent any bad publicity. Also, the business must avoid offering inferior quality products or services.

Economic Risk

Some changes in the economy affect the business by lowering the customers’ purchasing power, increasing production and operating costs, and in other ways. There may also be positive changes that can boost sales, improve production, and make operations easier. It would be best for companies to take mitigating measures against potential economic risks like rising interest rates. The businesses can save as much as possible to avoid a cash flow crisis and put in place measures to allow operating on lean budgets at all times.

Operational Risk

Operational risk arises from events that can happen internally, externally, or a blend of the two and threaten the business’s continuity. Some examples include natural floods and earthquakes that can lead to business close down or artificial fires. Also, server outages due to power supply issues or technical problems can be classified as an operational risk.

The main challenge with operational risks is that they can make the business experience adverse effects relating to money, time, reputation, and other areas. These risks can be mitigated through having a business continuity plan and staff training. Moreover, taking insurance cover against the various hazards such as fire, floods, and others can help the business to remain operational after any of the events happen.

Businesses also face other risks like financial, compliance, and fraud or security risks. All these risks hamper the optimal productivity of the company.…

Read More The Various Risks Faced by Businesses

How to Find a Reputable Transport and Logistics Agency

Robert Aldridge 09/12/2020

There are many things that people need to move around for whatever reasons. Transport and logistics management is usually done for companies or individuals who need secure transportation of anything, whether big or small. For example, a business can track Fedex packages on the go, thanks to a reputable agency.

Nobody desires for their items to get lost, damaged during transport. For this reason, you have to be extra sure that the transport and logistics firm you use is safe and secure. There are multiple of these agencies all over the world, but not all of them provide high-quality services. Here are some tips on how to find a reputable transport and logistics agency.

Cost

The most crucial thing to consider whenever purchasing a product or service is budgeting. It will help if you have a spending plan that is not so expensive. It is also essential to look at the costs of different transport and logistics firms for the service you need. This is because you will be able to pick a reliable agency according to your budget.

When you compare the costs of various agencies, you are likely to notice similarities in their pricing. Anything way above the average price should not be your first option unless it has extra services that you need. If it is below the average cost, you should be very cautious about it.

Word of Mouth

Asking around for information from people who have either used these agencies, work in them, or know people who have been involved with them can help you get accurate and insightful data. Asking for information can save you from any risks that may come up without your knowledge. People will tell you what you should do or shouldn’t when using these firms, and you will be more comfortable using them.

Web Research

After asking for suggestions from individuals, it is easy to narrow down to only a few transport and logistics agencies. This way, you can conduct a deeper web search to find out more about the agencies you shortlist. You can find customer reviews on the internet, which helps you know what previous customers have to say about that company.

While researching online, you will also notice the packages available. It will help you decide on which packages you prefer. Transport and logistics agencies do multiple things that companies would find impossible without them. Ensure you are careful when selecting a transport and logistics agency to get the best deal.…

Read More How to Find a Reputable Transport and Logistics Agency

What to Look for When Hiring a Translation Agency

Robert Aldridge 29/04/2020

international languages

If you have hired a translation company in the past, then you know how difficult it is to get the right agency that meets your needs. Ideally, the task becomes easier when you understand what you should look for. It is vital to find the best when you want to convey a business document accurately. You should note that the reputation of the company you choose depends on the quality of the translated material like a newsletter, brochures, and company site. These are some of the things to look for in a translation agency.

Your Requirements

As far as promotional written materials are concerned, you should choose an agency that accurately conveys your message, benefits of your products, and call to action. For instance, the right translator ought to know how to translate information about your operational manual. Ensure you read some samples when looking for an agency and find one that can suit your needs.

Quality Work

Quality of translation work the chosen agency delivers depends on their skills and expertise. For instance, do they have quality control measures? Are there editors that revise their translations? Do they pass the original tone of the text? The right agency is one that checks every translation and has editors that work around the clock to offer quality.

Specialized Fields

It is advisable to choose a translation service with expertise across different industries. Having an approach that is one-size-fits-all cannot serve your communication purposes and goals. You should note that not all translators can translate complex medical or legal documents. That is also the case with financial and IT content. Therefore, you should find an agency that works with professional translators who have expert knowledge on various topics.

Speed

You should find out the turnaround times and whether the agency can carry out orders outside the standard working hours. Ideally, when an agency has translators in your time zone, they can deliver your work on time. A company with an international pool of translators is a sign of excellent reputation.

Confidentiality

You should ask about procedures the translation agency undertakes to ensure the confidentiality of the documents. For instance, does the agency have signed agreements with their translators and editors? Do translators sign non-disclosure agreements on critical projects?

Customer Service

Ensure you pay attention to what the translator asks when you seek price estimates. For the purpose of preserving consistent voice and tone in written materials, you should work with only one translator.…

Read More What to Look for When Hiring a Translation Agency

How To Choose An Online Data Storage Platform

Julia Sluder 11/04/2020

Online data storage is efficient and secure. The old days of storing data in hard disks are long gone. Today people store their data in online storage platforms. There are a variety of data storage platforms, and it might be confusing to make a choice.

Always make sure that you look at the features of each storage platform offers. Online storage platforms have advanced in the last few years, and they are now powerful and have a large capacity. Here some tips to help you to choose an online data storage platform:

Security

secretWhen it comes to online data storage, security is everything. You need to make sure that the online storage platform that you are using is as secure as possible. Keeping your data away from unauthorized users should be your top priority.

It is important to make sure that they offer security features like password protection, two-factor authentication, and other features. Limiting the number of people who can be able to access your data is always an added advantage for security purposes. A secure platform gives you peace of mind as you continue running your business.

Data Sharing Option

Online data storage should not be limited to storing data. It is also important to make sure that you have other features like data sharing. When you have data-sharing features, it will be easy for the different departments to work together.

The different departments can update files in the commonplace, and other departments can be able to access the data without any problems. With data sharing, you will make the process as smooth as possible.

Automatic Backup

When choosing a data storage platform, it is important to look for automatic backup. You should not just be able to back up your data; you should be able to do that automatically.

The reason why many people lose data is that they forget to do a proper backup. When you have an automatic data backup, the data will be stored without your knowledge, and this is always a good idea.

data backup

Storage Capacity

Storage capacity is a feature that you need to check before you choose a data storage platform; you need to know how much it can hold. If the data storage platform has a big storage capacity, then it is an added advantage. You can always add some…

Read More How To Choose An Online Data Storage Platform

The Benefits of Using Coupons to Boost Your Business

Julia Sluder 18/01/2019

In the recent series of the survey, it was confirmed that most customers who redeemed a coupon with a specific retailer intended to revisit the company or organization. As a businessman, you need to understand that cards are likely to drive most customers to your business.

When you are planning to start your business, you need to consider using this marketing strategy. But before you make up last remarks, ensure that you clearly understand how they work. Therefore, spend your time to check on the merits and demerits.

When researching on business coupons, you will realize that they have a lot of advantages over the disadvantages. When you introduce these cupones, even your regular customers can get the habit of using them. Therefore, the following are some of the benefits of using cards to boost your business.

Attract More Customers

When you are running a specific business, you need to set your objectives. You will only achieve your goals if you have the right marketing strategies. Also, you need to be creative and introduce some of the proper techniques that will generate additional traffic.

ticketDiscount coupons will serve as a ploy to generate additional traffic to your store. You need to attract more customers to your business if you want to achieve your goals. Therefore, with this technique, you will be at a suitable position of analyzing your business income.

Database of Customers

It is vital to recognize that you can now use coupons at the customer acquisition stage to get the customer data. By doing this, you are likely to build a reliable database of customers who are willing to use discounts, deals, and coupons.

Move Older Products

Business may not turn positive always. Due to this reason, you will notice that there are some of the products that will not be sold out. But once you introduce mobile coupons on such products, you will be re-introducing them to your customers.

Minimize Advertising Costs

As mentioned a while ago, when you are running any form of business, you need to ensure that you have all the recommended resources. In other words, you need to have all the knowledge that will make you successful. That is why you should look for effective marketing techniques.

Once you introduce the coupons, you will notice that your company’s address, name, and other crucial information are featured there. By doing so, you are advertising your business, therefore, minimizing the advertising costs.…

Read More The Benefits of Using Coupons to Boost Your Business

How to Improve Workplace Culture

Julia Sluder 21/11/2018

Companies have different workplace culture. You might not be aware, but your company has its own culture. Workplace culture is a combination of people’s actions, personality, and work. The daily interaction of the employer, employees, and customers grow the company culture day after day. The workplace culture can flourish or drown a company. Below are tips that will help you improve your company culture. Read on.

Employee Relationships

Team workCultivating relationships in the company is essential. With strong relationships communication which is key to the success of any project becomes effective. Create an environment for the employees to know each other. Invest in activities like dinner groups or team building activities. The more they get to interact the better they will understand each other and the more bonds and relationships will be formed.

Employee Perks

Among the most successful companies in the world have invested in employee perks. These perks do not have to be expensive. It is meant to be a fun and unique activity that takes employees from the work environment. You can organize things like a beer bash where employees go out as a group for drinks. You can as well come up with wellness programs like setting up a gym or offering free gym memberships. You can decide to be giving your employees healthy snacks during tea break to keep their energy levels high. Remember a hungry man is an angry man.

Reward Performance

If your company is doing well, it is because your employees are performing. You as the employer is making more money, but you fail to recognize the people behind it. “A good job” pat is not enough. And you see, the employees know it when the company is doing well. If they realize lack of appreciation, they will start growing apathetic. There should be a system that rewards employees for a job well done. You can, for example, offer a paid day off, give them a shopping voucher or give them a family gift card to their favorite restaurant.

Watch out for Burnouts

Break, StretchBurnout is toxic for individuals, and it spreads to the company culture. Irrespective of the good things you are doing, you cannot do anything about a burnt-out employee. Create a system that helps employees out of burnouts like giving them a day off or just time to breathe. You must be flexible and lenient with your workforce and more so when the workload is high.

 …

Read More How to Improve Workplace Culture