Month: November 2024

 Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) presented six onshore conventional licensing opportunities at African Energy Week: Invest in African Energies on Thursday.  The six high-potential opportunities consist of a mix of exploration, development and export opportunities and are open to competitive bidding. The round is part of a five-year licensing plan designed to attract global upstream investors and leverage more than 20 opportunities in Algeria. Following […]

 The newly-sanctioned South African National Petroleum Company (SANPC) kicked off its global investor roadshow at African Energy Week: Invest in African Energies on Thursday, inviting investors and governments to engage with South Africa’s oil and gas prospects, while showcasing strategic plans for the new entity. Speaking on the rationale behind the creation of the SANPC, South Africa’s Minister of Mineral and Petroleum Resources, Gwede Mantashe, emphasized the need to rationalize […]

 A session hosted by The African Women Business Energy Network (AWBEN), Women in Energy Roundtable at African Energy Week (AEW): Invest in African Energies 2024 underscored how a shift in mindset and increased flexibility in work environments can not only entice, but also retain greater participation by women in the African energy industry. Uche Anajemba, Senior Manager, Business Partnering, Diversity Inclusion at Seplat Energy Plc., believes that change needs to […]

 Representatives from Chambers of Mines across African countries rich in energy transition metals presented their nations' mineral assets and investment prospects during a panel discussion held on Day one of the Critical Minerals Africa (CMA) 2024 Forum. Thomas Gono, President of the Chamber of Mines of Zimbabwe, stated that the country’s Great Dyke, a geological phenomenal holding lithium, copper (https://apo-opa.co/3YEdogJ), platinum and reserves of various critical minerals. “We have yet […]

 South Africa’s Minister of Mineral and Petroleum Resources Gwede Mantashe on Thursday reiterated that the country was committed to developing its oil and gas sector, despite external pressures to transition to a greener economy. Speaking at African Energy Week: Invest in African Energies 2024, in Cape Town, Mantashe noted that with President Cyril Ramaphosa assenting to the Upstream Petroleum Resources Development Bill, which seeks to accelerate petroleum exploration and development […]

 The African continent is developing promising green technologies to address energy access disparities and to foster economic growth. Its countries should take an active role in local sustainable energy solutions, rather than merely being consumers of these technologies. At a dedicated panel session at African Energy Week: Invest in African Energies 2024, panelists emphasized the need for countries already producing oil and gas to utilize local energy resources for the […]

 Most of Africa's trade is carried out via sea routes. Geopolitical conflicts, however, including the war in Ukraine and attacks on commercial shipping vessels in the red sea, have caused detours and delays, impacting on maritime trade to and from Africa. This new wave of disruption follows the unprecedented global logistics crunch caused by the COVID-19 pandemic. According to United Nations Trade and Development (UNCTAD), this compounds the challenges caused […]

 As the demand for electricity continues to rise across the African continent, it is imperative for countries to act swiftly to enhance transmission capabilities and develop robust infrastructure to secure new energy integration sources over the next 25 years. A recent report by consulting firm McKinsey&Company estimates that $400 billion will be required to enhance electricity transmission and distribution capacity across Africa by 2050. This investment is critical for modernizing energy infrastructure and […]