Latest news with #AEW:InvestinAfricanEnergies2025
Zawya
12-03-2025
- Business
- Zawya
African Energy Week (AEW) 2025 to Showcase Africa's Growing Energy Momentum, with $43 Billion in Capital Expenditure (CapEx) Projected for 2025
Africa's energy sector continues to show resilience and dynamism, with capital expenditure (CapEx) on oil and gas projects remaining a key driver of growth. According to the African Energy Chamber's ( Sta te of African Energy 2025 Outlook Re port, investment remains strong in 2025, with total CapEx estimated at $43 billion, while long-term projections indicate an increase to $54 billion by 2030 – reinforcing Africa's position as a critical player in the global energy market. As African Energy Week (AEW): Invest in African Energies 2025 prepares to convene key industry players in Cape Town, these investment trends will be central to discussions on accelerating project development, securing capital and ensuring Africa's energy industry remains competitive on the global stage. According to the report, West and North Africa continue to lead CapEx spending, with West Africa contributing over 50% of the continent's total expenditure from 2023 through the decade. Established oil producers such as Nigeria and Angola remain dominant, while emerging players like Mauritania and Senegal are attracting increasing investment. The continent's rich liquid hydrocarbon resources continue to draw the majority of capital, accounting for over 60% of total hydrocarbon investment through 2030. However, natural gas is gaining momentum, with its share of CapEx rising to over 40% by the end of the decade. This shift underscores a major theme of AEW: Invest in African Energies 2025, positioning Africa as a competitive global gas hub while reaffirming oil's role as a pillar of economic growth and energy security. Looking ahead, onshore projects are expected to attract the majority of investment, accounting for 56% of total CapEx by 2030, driven by lower unit costs and increasing interest in onshore natural gas monetization. This trend is reflected in drilling activity, with onshore drilling remaining dominant – comprising 80% of the 1,060 wells drilled in 2024 – while offshore rig demand continues to rise, reaching an estimated 46 rig years in 2025. At AEW: Invest in African Energies, industry leaders will explore how these shifting investment patterns can accelerate energy security and infrastructure expansion across the continent. Exploration is also on the upswing, with over 150 wells completed in 2024 and heightened activity in southern Africa, particularly in Namibia's Orange Basin. Africa is emerging as a leader in global high-impact drilling, with exploration spending surpassing $6 billion in 2024, largely driven by major discoveries in Namibia and continued investment in North and West Africa. This momentum is expected to continue as multiple licensing rounds are planned across the continent, with Nigeria, Angola, the Republic of Congo, Libya, Algeria, Tanzania and Liberia among the countries opening new blocks for development. With exploration serving as a key catalyst for new investments, AEW 2025 will serve as a critical platform for showcasing frontier opportunities and securing new project financing. Africa's mergers and acquisitions (M&A) landscape remains dynamic, following a significant rebound in 2024 and driven by global energy majors rationalizing their portfolios. Regional players and national oil companies (NOCs) are taking on a more prominent role, acquiring assets from majors and expanding their footprint in key markets like Angola and Nigeria. West Africa continues to dominate M&A activity in terms of deal value, followed closely by North Africa. Meanwhile, Middle Eastern and Asian NOCs are ramping up their investment in African assets, further diversifying the investor landscape. As consolidation reshapes Africa's energy sector, AEW 2025 will provide a vital forum for dealmaking, fostering new partnerships and strengthening the role of African players in the global market. As the African energy sector evolves, the upcoming AEW: Invest in African Energies 2025 will serve as a critical platform to drive investment discussions and facilitate deal-making. With global energy markets shifting and Africa's vast oil and gas resources remaining underutilized, the continent presents a compelling case for increased foreign direct investment. AEW 2025 will provide the platform for stakeholders to explore opportunities, forge new partnerships and position Africa at the forefront of the global energy transition. 'Africa's energy sector is entering a new era of growth, driven by strategic investments and a commitment to monetizing our vast resources. With $43 billion in capital expenditure projected for 2025, the continent is proving that it is open for business and ready to compete on the global stage. AEW 2025 will be the premier platform to drive these investment discussions and ensure Africa's energy industry remains resilient and dynamic,' said Ore Onagbesan, Program Director for the African Energy Chamber. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
27-01-2025
- Business
- Zawya
African Energy Week Drives Positive Impact in Cape Town: Employing 70 Local Vendors, with 99% of Event Work Delivered by South African Companies
The African Energy Week (AEW): Invest in African Energies conference continues to leave an indelible mark on the city of Cape Town, reinforcing its status as a leading platform for investment, collaboration and innovation in Africa's energy sector. Beyond advancing the continent's energy agenda, AEW delivers significant economic and social benefits to the local community, creating jobs, supporting businesses and empowering young professionals. In 2024, AEW proudly delivered economic benefits that directly impacted the local community. By engaging exclusively with 70 South African vendors and ensuring 99% of event work was conducted by South African companies, the event solidified its commitment to wealth creation and keeping economic gains within the country. These efforts underscore AEW's dedication to local empowerment, with every aspect of logistics and services sourced locally to maximize community benefit. Additionally, AEW significantly boosted the hospitality sector, with 80% of accommodation in Cape Town directly booked because of the conference, driving notable revenue growth for local hotels. The event also ensures its economic contributions are fully realized by paying local taxes, further bolstering Cape Town's GDP and creating a significant distinction from some international companies that do not adhere to the same standard. AEW's impact extended to education and skills development, with complimentary access provided to 102 students. This initiative reflects the event's focus on nurturing the next generation of energy leaders, equipping them with the knowledge and connections needed to thrive in the evolving energy landscape. The success of AEW also highlights Cape Town's growing reputation as a global energy hub. By hosting a world-class event that attracts leaders and investors from across the globe, the city has positioned itself as a strategic destination for energy-related discussions and partnerships. This visibility has not only elevated Cape Town on the global stage, but also fostered an environment conducive to long-term investment and innovation within the local energy ecosystem. Looking ahead, AEW: Invest in African Energies 2025, scheduled to take place from September 29 to October 3, is set to build on this legacy. The upcoming edition will once again position Cape Town as a hub for deal-making, collaboration and innovation, bringing together energy leaders, policymakers, investors and innovators from across the globe. With a strong focus on investment in transformative energy projects, capacity building and enabling environments, AEW 2025 aims to unlock new opportunities for Africa's energy sector while expanding its positive impact on the host city. 'AEW's impact on Cape Town is a testament to the power of collaboration and local empowerment,' said NJ Ayuk, Executive Chairman of the African Energy Chamber. "By placing local businesses and people at the heart of its initiatives, AEW goes beyond driving Africa's energy ambitions – it creates meaningful, lasting benefits for the host city, strengthening its economy and fostering sustainable growth. This is more than just an event; it's a catalyst for transformative change.' Distributed by APO Group on behalf of African Energy Chamber. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event.
