Latest news with #InvestinAfricanEnergies2025
Zawya
05-05-2025
- Business
- Zawya
African Energy Week (AEW) 2025: Mauritania Energy Minister to Showcase Investment-Ready Projects
Mauritania's Minister of Petroleum and Energy, Mohamed Ould Khaled, will attend African Energy Week (AEW): Invest in African Energies 2025 — taking place from September 29 to October 3 in Cape Town — where he will promote the country's expanding portfolio of energy projects and underscore significant opportunities available to global investors. Following the commencement of production at the Greater Tortue Ahmeyim (GTA) LNG project earlier this year, Mauritania is entering a new phase of energy-driven economic transformation. At AEW 2025, Minister Khaled is expected to spotlight the country's strategic ambitions across both natural gas and green hydrogen sectors, while emphasizing Mauritania's investor-friendly regulatory environment and international partnership potential. Developed by bp and Kosmos Energy in collaboration with national oil companies SMH (Mauritania) and Petrosen (Senegal), the GTA development represents one of Africa's most promising LNG ventures. Phase one is set to produce 2.3 million tons per annum (mtpa) of LNG, with a planned second phase to increase capacity to over 5 mtpa. Backed by over 425 billion cubic meters of gas reserves, GTA will serve as a long-term supply source for international markets, particularly Europe, while delivering substantial revenue, job creation and infrastructure benefits for Mauritania. Building on this momentum, Mauritania is advancing plans to develop the nearby BirAllah gas field, which holds an estimated 80 trillion cubic feet of reserves and could produce up to 10 million tons of LNG annually. The project includes a proposed midstream gas-to-power facility under an Independent Power Producer agreement, with production targeted by 2030 and a total development cost of $17 billion. Beyond BirAllah, Mauritania's natural gas potential is further supported by smaller prospects such as Banda and Pelican, which hold a combined reserve of approximately 1.2 trillion cubic feet. Minister Khaled's participation at AEW 2025 underscores Mauritania's commitment to securing global capital and technology partnerships, as the country positions itself as a competitive and forward-looking destination for energy investment. Beyond hydrocarbons, Mauritania is fast-tracking its clean energy agenda, aiming to produce 12.5 million tons of green hydrogen annually by 2035. The government is proactively advancing policy frameworks – becoming the first country in the world to pass a 'hydrogen code' law – to attract private sector investment and support project development. Key green hydrogen projects include the 30 GW Aman initiative by CWP Global and the 10 GW Project Nour led by Chariot, both of which leverage Mauritania's exceptional solar and wind resources. These projects are poised to position the country as a regional leader in low-carbon energy exports and industrialization. 'Minister Khaled's participation at AEW 2025 is a powerful statement of Mauritania's dedication to leveraging its energy resources for long-term economic transformation. As the country advances both LNG production and green hydrogen development, his engagement with global industry leaders and investors will be key to attracting the capital, technology and partnerships needed to turn Mauritania into a regional energy hub,' states NJ Ayuk, Executive Chairman of 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
11-04-2025
- Business
- Zawya
$40B Africa Energy Fund Targets Universal Access – What it Means for Clean Cooking
A new $40 billion Africa Energy Fund, launched at the Mission 300 Africa Energy Summit in Dar es Salaam, aims to provide 300 million people with access to cleaner, more reliable energy by 2030. The initiative aligns with Africa's broader push for sustainable energy solutions, including clean cooking technologies, which remain one of the most critical yet underfunded sectors in the energy transition. As African Energy Week (AEW): Invest in African Energies 2025 approaches, discussions on scaling investment in clean cooking solutions will be high on the agenda, particularly in light of the commitments made by African nations to advance energy access. Access to clean cooking solutions remains one of Africa's most pressing energy challenges. Over 900 million people on the continent still rely on traditional biomass, such as wood and charcoal, for cooking. The health, environmental and economic consequences are severe – household air pollution from these fuels contributes to over 600,000 premature deaths annually, while deforestation and carbon emissions continue to rise. While electrification projects are a major focus of Africa's energy transition, clean cooking remains an urgent issue that requires targeted investment and policy support. The Fund is a step in the right direction and demonstrates global commitment to accelerating energy access and supporting Africa's transition to cleaner, more sustainable energy solutions. The World Bank has pledged $22 billion to support the initiative, while the African Development Bank has committed $18.2 billion. Additional contributions include $2.65 billion from the Islamic Development Bank and $1 billion from the OPEC Fund, highlighting strong financial backing from major international institutions. Several African countries have demonstrated strong commitments to expanding clean cooking access through national policies, targeted financing mechanisms and public-private partnerships. Kenya, seeking universal access by 2028, is advancing LPG expansion, electric cooking and bioethanol alternatives with support from private sector investment and international partnerships. By subsidizing LPG and investing in infrastructure, the country has significantly increased adoption rates. Neighboring Tanzania is integrating clean cooking solutions into its national electrification plan and broader energy transition strategy, supported by a dedicated National Clean Cooking Strategy. Meanwhile, Ghana has adopted a multi-pronged approach, enhancing the affordability of LPG and promoting efficient biomass stoves. The country is also raising public awareness of the health benefits of clean cooking, while encouraging local manufacturing of stoves and fuel alternatives. The newly-launched energy fund not only works to expand electricity access, but also to catalyze economic opportunities by powering industries, businesses and households. Reliable energy is a fundamental enabler of economic growth, and investments in clean cooking align with broader energy access goals by reducing health costs, increasing productivity and improving gender equality. AEW: Invest in African Energies 2025 – the leading energy event for deal-making, policy discussions and industry networking – provides a crucial platform for stakeholders to explore investment opportunities in clean cooking and broader energy access initiatives. Discussions will focus on mobilizing financing for clean cooking projects, including public-private partnerships and carbon credit mechanisms; strategies for integrating clean cooking into national electrification plans; and best practices from leading African countries and how their policies can be replicated across the continent. Discussions will also focus on scaling up investment in clean energy infrastructure, including off-grid electrification and innovative financing mechanisms for clean cooking technologies. With the launch of the Africa Energy Fund and growing momentum around clean cooking investments, Africa stands at a pivotal moment in its energy transition. Achieving universal energy access requires a multi-faceted approach that includes large-scale electrification projects, off-grid solutions and immediate interventions in clean cooking. AEW 2025 provides an opportunity for governments, businesses and investors to align their strategies and secure funding to drive impact. The commitment to connecting 300 million Africans to cleaner energy is ambitious, but with the right policies and investments, it is within reach – and clean cooking solutions must be a central part of the conversation. 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
03-04-2025
- Business
- Zawya
Ghana Oil Company (GOIL) Chief Executive Officer (CEO) to Speak at Accra Investor Briefing as Ghana Targets Enhanced Fuel Security
Targeting enhanced fuel security, Ghana is driving the development of its downstream oil and gas industry, with advancements in liquefied petroleum gas (LPG), distributed fuel products and aviation fuels. The country's state-owned oil and gas marketing company Ghana Oil Company (GOIL) plays an instrumental part in strengthening the downstream sector. Edward Abambire Bawa, Group CEO and Managing Director of GOIL, is speaking at the Invest in African Energies: Accra Investor Briefing on April 14 at the Kempinsky Hotel. The event is a prelude to the African Energy Week (AEW): Invest in African Energies 2025 conference – taking place in Cape Town from September 29 to October 3 – and will showcase Ghana's extensive oil and gas opportunities, from upstream exploration to midstream infrastructure to downstream distribution and investment opportunities. With ambitions to increase oil production through the expansion of upstream fields, Ghana also strives to enhance its downstream industry, with aims to reduce petroleum imports by scaling-up domestic infrastructure and distribution. At the helm of this ambition is GOIL, which is already renowned for its diverse product offerings and extensive distribution network. This includes a vast network of fuel stations across the country; strong partnerships with global and local stakeholders in the energy sector; and ongoing investment in infrastructure, innovation and sustainable solutions. The company is also one of the leading suppliers of jet fuel at Ghana's Kotoka International Airport, Takoradi Airforce Base and Kumasi Airport. In collaboration with partners, the company also offers jet fuel for export worldwide. Recent developments underscore GOIL's commitment to expanding its distribution infrastructure. In February 2025, the company opened its third service station in Berekum in the Upper Middle Belt Zone; in August 2024, it reintroduced super XP onto the market; and in February 2024, it opened Autogas stations in five regions nationwide. Additionally, in partnership with Ivory Coast's Societé Multinationale de Bitumes, GOIL inaugurated a bitumen terminal and production plant in Tema in September 2024. The $40 million facility has a production capacity of 7,500 metric tons and will produce polymer modified bitumen and bitumen emulsions. The facility also features a laboratory for testing the quality of products as well as storage options. The facility is expected to meet the demand of the country's road construction sector, reducing the import of bitumen products in Ghana. These developments highlight the company's commitment to expanding infrastructure to support the growing demand for petroleum products in Ghana. Stepping into this picture, the Invest in African Energies: Accra Investor Briefing offers an opportunity for the country's state-owned enterprises such as GOIL to share updates on major projects, upcoming investment opportunities and strategic areas of collaboration. During the event, Bawa will share insights on GOIL's strategic initiatives to enhance the nation's oil and gas infrastructure, underscoring the critical need for increased investments across the entire energy value chain to bolster Ghana's economic growth and energy security. 'GOIL continues to make significant strides toward strengthening the entire oil and gas value chain in Ghana. With a commitment to enhancing domestic fuel security and reducing imports, the company is looking at working more closely with international partners to modernize energy infrastructure, boost petroleum product distribution and scale-up capacity building across the downstream sector. GOIL's projects and forward-looking development strategy exemplify the proactive steps needed across the country to attract investment and enhance the value chain,' stated NJ Ayuk, Executive Chairman, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
26-03-2025
- Business
- Zawya
African National Oil Companies (NOCs) Boost Project Development with Innovative Financing Strategies
African national oil companies (NOCs) are leveraging innovative financing strategies to advance oil and gas projects, ensuring continued investment despite shifting global energy markets. Through various innovative strategies such as privatization and divestment, bond issuances, development finance and resource-backed loans, NOCs are not only strengthening their financial capacity but positioning themselves at the forefront of African oil and gas development. The African Energy Week: Invest in African Energies 2025 conference – taking place September 29 to October 3 in Cape Town – will explore the impact these strategies will have on the continent's hydrocarbon landscape. Uniting global financiers, development institutions, foreign operators and NOCs, the event will unlock a new wave of finance in African energy. Privatization and Divestment Privatization and asset divestment have become crucial tools for African NOCs to streamline their operations and attract private capital. By selling stakes in non-core assets and partially-privatizing, NOCs are raising the much-needed capital to support oil and gas projects. Angola's Sonangol, for example, has reaffirmed its plan to launch an Initial Public Offering (IPO), with 30% of the company's shares expected to become available. The IPO falls under the broader Propiv initiative by the government – aimed at reforming the economy toward a free market. The initiative will make 11 of Sonangol's processes public through public tenders, limited tenders and IPOs. Bond Issuances and Capital Market Financing With the need for long-term project financing, governments and NOCs have turned to international capital markets, issuing bonds to raise funds for large-scale projects. Bond issues originating from Africa exceeded $14.8 billion in Q1, 2024, as African business and governments tap into the international bond market. The Africa Finance Corporation acted as Global Coordinator for the issuance of a domestic dollar bond from the Nigerian government in 2024, raising $900 million. The first-of-a-kind issuance closed with 180% oversubscription, highlighting strong domestic investor confidence. Nigeria also issued a $1.7 billion Eurobond in December 2024, which was oversubscribed five-fold. Joint Ventures Joint ventures (JV) have proven effective strategies for NOCs to raise capital, leverage foreign technical expertise while sharing financial risk across oil and gas projects. The Ghana National Petroleum Corporation (GNPC) has committed to pursuing innovative JVs with Eni in 2025 and beyond to fast-track oil and gas projects. The country's biggest oilfields - Jubilee and TEN - were developed through a JV between GNPC, Kosmos Energy, Petro SA and Jubilee Oil Holdings. JVs have served as a vehicle for Libyan oil and gas development. Mellitah Oil&Gas – a JV between the NOC and Eni – produced 403,000 barrels per day (bpd) in 2024 while Akakus Oil Operations – a JV between the NOC and Repsol – achieved record production in 2025 with 306,000 bpd. Development Finance and Resource-Backed Loans Development finance and resource-backed loans have become vital financing mechanisms for NOCs, particularly as access to private capital for oil and gas projects becomes increasingly challenging. The Nigerian National Petroleum Corporation has leveraged oil-backed loans to increase its balance sheet over the years and is currently seeking a new $2-billion structure to support production growth. The first $1 billion tranche has already been concluded with a second tranche in the works. Mozambique's ENH leveraged development finance to fund its gas projects. Notably, the $20 billion Mozambique LNG project is expecting a $4.7 billion loan from the U.S.-Export-Import Bank to be re-approved. The project has already secured $3 billion in financing from the Japan Bank for International Cooperation. Meanwhile, Uganda and Tanzania's NOCs are seeking an additional $3 billion in debt financing from Chinese lenders, specifically the Export-Import Bank of China and China Export&Credit Insurance Corporation, to fund the East African Crude Oil Pipeline. 'African NOCs are deploying a diverse range of financing strategies to ensure continued investment in oil and gas projects. From privatization and asset sales to bond issuances, joint ventures and development finance, NOCs are adapting to evolving market conditions while securing the necessary capital to sustain exploration and production,' states Ore Onagbesan, Programming Director, 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
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.
