The Invest in African Energy Forum in Paris reaffirmed Africa’s commitment to pragmatism, partnership, and progress in shaping its energy future.
With 600 million Africans lacking electricity and 900 million without clean cooking fuel, bold investments are the key to bridging these gaps.
Companies such as ExxonMobil ($10 billion in Nigeria), TotalEnergies (Mozambique & Namibia), and Eni (gas monetization in Libya and the Republic of Congo) are making significant moves to unlock Africa’s energy potential.
“The scale of investment we’re seeing reflects confidence in Africa’s capacity to drive energy progress,” says the African Energy Chamber (AEC).
However, regulatory delays, financing constraints, and above-ground risks continue to stall projects. Nigeria’s Petroleum Industry Act, Angola’s local content reforms, and Ghana’s tax amendments are addressing these barriers, but financing remains the sector’s greatest challenge.
With rising global interest rates and restrictive green finance policies, African governments must ensure policy stability, strong credit profiles, and resilient energy systems.
Private sector-driven investments and innovative financial mechanisms will play a central role in scaling projects across the continent.
Beyond Africa, these advancements boost global energy security by expanding access to vital resources, including natural gas as a transition fuel.
The AEC asserts: “Africa’s development cannot be dictated by external climate agendas Africa must lead its own energy transition, and it must be financed on its own terms.”
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