Invest in African Energy (IAE) 2025: Africa Urged to End Billion-Dollar Gas Flaring with Scalable Infrastructure Solutions
In a continent striving for energy access and industrial development, Africa continues to lose billions of dollars in potential revenue by flaring its natural gas – a practice that remains entrenched largely due to infrastructure shortfalls and outdated economic incentives.
Speaking at a presentation on 'Flare Gas Utilization: The Importance of Mid-Scale Integrated Gas Commercialization Solutions,' Nmesoma Okereke, Sales Manager and Flare Gas Recovery Specialist at Neuman&Esser, underscored the urgency of addressing this paradox through modern, scalable gas monetization strategies.
'The most important reason for gas flaring is a lack of infrastructure, but also cost inefficiencies,' said Okereke. 'In the past, it was more economically feasible to flare gas than develop or commercialize the gas. That is no longer the case with the rise of innovative gas solutions.'
Three of the world's top nine gas-flaring countries are in Africa, said Okereke, collectively responsible for an estimated 60% of the continent's gas flaring. Nigeria alone flared roughly 193 billion cubic feet of gas in 2024, while producing 2.5 trillion cubic feet of gas. That volume of wasted gas represents a market value of $1 billion – at a time when around 40% of the country's population lacks access to electricity.
Nigeria's case study illustrates the dual challenge of wasted resources and unmet energy demand. According to Okereke, Nigeria needs five times its current domestic gas supply to reach its goal of 30 GW of power by 2030.
With flaring becoming less economically justifiable due to emerging technologies and modular gas utilization options, Okereke emphasized the need to shift toward mid-scale integrated solutions that can bridge the infrastructure gap and bring gas to market more quickly and efficiently.
Distributed by APO Group on behalf of Energy Capital&Power.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
an hour ago
- The National
Pyramids celebrate first ever African title and set sights on competing with Al Ahly and Zamalek
Egyptian upstarts Pyramids celebrated a first ever African title on Sunday night – but their Croatian coach Krunoslav Jurcic admitted they still face a struggle to assert themselves domestically. Having secured a 1-1 draw away in Pretoria against Mamelodi Sundowns in the first leg, the Egyptians were slight favourites heading into the decisive return game on home turf. And so it transpired, with their 2-1 win on the night sealing a historic 3-2 aggregate victory. Pyramids' goals came from Congolese striker Fiston Mayele in the 24th minute and defender Ahmed Samy 10 minutes into the second half. Sundowns managed to reduce the arrears with a goal from Ikram Reiners in the 75th minute, but the hosts saw the job through. Pyramids – who changed their name, moved to Cairo and won promotion to the Egyptian top flight seven years ago – were able to celebrate by far the biggest night since adopting their new identity. It was only their second trophy – after Egyptian Cup success last season – and came in just their second CAF Champions League campaign. They have been seeking to emerge from the shadow of Cairo giants Al Ahly and Zamalek, who have not only dominated Egyptian football but often the Champions League as well. 'When I started with the team last season, we played excellent football and had a long run of winning matches in a row but even then, this was not enough to be champion [in Egypt],' said Jurcic. 'This year again, we were very close but you know that Al Ahly is the best club in Africa, they are very good, they are very strong, and it's very difficult to compete against a club like them.' The 55-year-old Jurcic was delighted that his pre-match appeals for support led to a 30,000-strong crowd at Sunday's decider in the June 30 Stadium, usually largely empty for their games. Cairo's passionate football followers traditionally support either Al Ahly or Zamalek, with precious little affection for any of the other sides based in the city. 'I'm very grateful for the crowd that came today,' said Jurcic after lifting the trophy. 'Usually we get to the stadium 90 minutes before kickoff and there is no one here. 'It's disheartening for the players, and I find it's my job to transmit positive energy to try to get them up for the matches.' The former Croatia international, who played for his country when they finished third at the 1998 World Cup, patrolled the touchline like a man possessed, jumping up and down and cajoling his players throughout the 90 minutes of action. 'I believe that I can transmit my energy in a positive way, and I think that we can be competitive in the future with all the best teams in Egypt,' he added. 'But whether we can stay a force is something to see in the future.'
Zawya
2 hours ago
- Zawya
PalmPay Ranked Top Fintech and #2 Overall in the Financial Times Fastest-Growing Companies 2025 List
PalmPay ( a leading neobank and fintech platform focused on emerging markets, has been recognised as the fastest-growing financial services company in the Financial Times' Fastest-Growing Companies in Africa 2025 list, compiled in collaboration with Statista. PalmPay placed #2 overall out of 130 companies featured in this year's list. The annual ranking evaluates Africa-based businesses based on key performance indicators such as revenue growth, user adoption, and operational scale. From 2020 to 2023, PalmPay achieved a compound annual growth rate (CAGR) of 583.6% - a result of scaling tech-enabled financial services in Nigeria. With over 35 million registered users and up to 15 million daily transactions as of 2025, PalmPay has emerged as a key player in the digital transformation of Africa's economy. 'The Financial Times' recognition of PalmPay as Africa's fastest-growing fintech is a powerful validation of our approach to closing financial access gaps in underserved markets', said Sofia Zab, Founding Chief Marketing Officer at PalmPay. 'We've combined cutting-edge technology with localised innovation and distribution to build a leading neobank used by tens of millions to access payments, credit, savings, insurance and more. As we expand our ecosystem and enter more markets, we're excited to continue supporting our users to achieve their financial goals, while accelerating growth for our partners.' PalmPay's innovative model combines a user-friendly financial superapp with an extensive offline network of over 1 million merchants and agents, enabling seamless financial services even in underbanked communities. Its product suite includes money transfers, merchant payments, credit, savings and investment products, micro-insurance, and business tools for MSMEs. PalmPay also provides B2B payment services to streamline collections and disbursements to local and international merchants targeting African consumers. The company currently operates in Nigeria, Ghana, Tanzania and Bangladesh. 'Our growth is propelled by a clear vision: to empower businesses and individuals with frictionless, reliable financial tools', said Jiapei Yan, Group Chief Commercial Officer at PalmPay. 'We're deepening partnerships across the fintech ecosystem to enhance payment infrastructure and foster a more connected African economy. As we scale, we remain focused on accessibility, innovation, and regional collaboration to drive the growth of digital economies in emerging markets.' PalmPay's leading position in the Financial Times' ranking further underscores its pivotal role in advancing financial inclusion and cashless payment adoption since launching in 2019. On average, customers complete over 50 transactions per month, using the platform for everything from everyday payments to services that build long-term financial health, such as yield-bearing savings and insurance - products previously out of reach for many. A quarter of its users report that PalmPay was their first-ever financial account, demonstrating its strength in onboarding excluded populations into the formal economy while driving consistent, high-frequency engagement. For more information about PalmPay and its services, visit Distributed by APO Group on behalf of PalmPay. About PalmPay: PalmPay is a leading emerging markets-focused fintech platform committed to driving financial inclusion and economic empowerment. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money. PalmPay offers a comprehensive range of products including mobile payments, embedded credit, savings and micro-insurance via its app and mobile money agent network. Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users and connects over a million businesses through its network of agents and merchants. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.. For more information, visit
Zawya
19 hours ago
- Zawya
Agreement between Hometown for Development and Savills Egypt to provide management and operational consulting
As part of its preparations to launch and operate its pioneering commercial projects in the New Administrative Capital, Hometown for Real Estate Development has signed a contract with Savills Egypt to provide management and operational consulting across these projects. This step aims to ensure the highest standards of operational efficiency and quality and enhance the customer experience in these developments. The agreement was signed by Mr. Diaa El-Din Farag, Chairman of Hometown for Real Estate Development, and Catesby Langer-Paget, Head of Savills Egypt. The signing took place during a press conference organized by the company at one of its projects in the New Administrative Capital, in the presence of several executives from both companies and a number of journalists and media professionals. Mr. Diaa El-Din Farag confirmed that choosing Savills Egypt, one of the leading global companies in real estate consulting, reflects Hometown's commitment to providing the highest standards of quality in operations and management for its clients. He explained that the agreement covers four projects: Zaha Park, La Fayette, La Fayette Village, and Udora. He added: "This collaboration highlights Hometown's commitment to preserving its clients' investments and trust, ensuring the highest return on investment through professional operations that reflect the identity of the company's distinguished projects. It will also enhance the investment value of these developments as real estate assets that represent wealth to be preserved for clients, the company, and the real estate market." Farag noted that the four projects for which Savills Egypt will provide advisory services are among the most prominent commercial brands in the New Administrative Capital. They represent a new generation of commercial developments requiring an innovative operational strategy, which Savills Egypt will provide. He also pointed out that the next phase will focus heavily on implementing smart operating systems and applying international standards in facility and service management to offer an integrated experience for tenants and visitors while maximizing investment returns for owners and investors. He added that the 'La Fayette' project is a commercial and entertainment development covering 43,000 square meters, located in a prime downtown area directly opposite Al Masa Hotel, specifically at Plot No. 1 in downtown next to the monorail central station. The project consists of a ground floor and five upper floors, in addition to two basement levels. The 'Udora' project is strategically located in a vital area in the heart of the New Administrative Capital, directly opposite Al Masa Hotel and just two minutes from key landmarks such as the central station and the financial and governmental district. This makes it an ideal destination for shopping and entertainment. The company has achieved high completion rates for construction on these projects, reaching up to 95% in some. As for the ZAHA PARK project, it is located in the MU23 area of the New Administrative Capital directly on Al Amal Axis between residential neighborhoods R2 and R3. It will be the first commercial project to be delivered in that area and consists of 10 floors. The project will serve nearly 25,000 residential units, and the electromechanical infrastructure for the project has been completed. The La Fayette Village project is positioned as an entertainment destination in the heart of downtown, and the company has made strong construction progress on it. Diaa El-Din Farag emphasized that this collaboration sets a new model reflecting the direction of real estate development companies in Egypt toward adopting professional and advanced operating methods that ensure project sustainability and optimal investment returns. This enhances the New Administrative Capital's position as a prime investment and commercial destination in the region. Catesby Langer-Paget, Head of Savills Egypt, stated: 'We are pleased to collaborate with one of the key players shaping the real estate and commercial markets in the New Administrative Capital. Through this agreement, we aim to support the operational strategy and customer experience in the four projects through a comprehensive approach, incorporating modern practices aligned with Hometown's vision of effective and sustainable project operation, which supports the goals and vision of the New Administrative Capital.' He pointed out that, according to the signed agreement, Savills Egypt's responsibilities include providing integrated consulting to prepare assets from an operational perspective, setting management and operational strategies, developing a comprehensive leasing strategy that includes tenant mix, occupancy rates, tenant incentives, and detailed financial models covering expected revenues, operational costs, and expense plans. Additionally, Savills will offer innovative insights for revenue generation from common areas (commercialization), prepare operational models, and establish plans for security, cleaning, waste management, parking management, and more. It will also review contracts and lease/sale clauses to ensure long-term protection of the owner's interests. Langer-Paget highlighted that Savills is recognized globally for its expertise in management and operational consulting, with an extensive track record both within Egypt and internationally. Founded in 1855 in the United Kingdom, Savills is a global leader in real estate consultancy, with over 700 offices in more than 70 countries. Its service offering includes asset management, real estate advisory, valuation, leasing, marketing, and property management. Savills began its journey in Egypt several years ago, offering operational, management, strategic consultancy, building & project management, valuations, facility management and marketing for some of the most prominent real estate projects. It is renowned for its advanced expertise in managing and operating mixed-use real estate developments.
