The African Energy Chamber (AEC), representing Africa’s energy sector, remains committed to advocating for the industry’s role in eradicating energy poverty. As external forces escalate their opposition, the AEC calls for strong industry support to link African opportunities with global capital and unlock the socioeconomic potential of the continent’s resources. Through events like the African Energy Week (AEW): Invest in African Energies conference, scheduled from 29 September to 3 October in Cape Town, the AEC will continue to drive investment, advance oil and gas projects, and protect Africa’s interests in global energy discussions.
Several transformative projects aimed at strengthening the African energy sector continue to face opposition. For instance, Shell’s seismic survey campaign off South Africa’s Wild Coast, which seeks to develop the country’s untapped oil and gas resources, has encountered resistance. Similarly, the East African Crude Oil Pipeline, which promises to improve energy security and spur economic growth, has been met with considerable opposition. The AEC’s efforts to connect African prospects with global investors are increasingly challenged.
Africa’s oil and gas industry is crucial for enhancing energy access, driving industrialization, fostering economic growth, and achieving sustainable development. However, it faces growing opposition from environmental groups and financial institutions. With over 600 million people lacking reliable energy, the continent must focus on developing its hydrocarbon resources while promoting local content initiatives that benefit African communities.
Under the theme “Positioning Africa as the Global Energy Champion,” AEW: Invest in African Energies fosters partnerships to strengthen Africa’s energy future. The 2024 event saw significant deals, including a $16.8 million loan from the African Export Import Bank for crude oil evacuation in Nigeria, and a $10 million trade finance agreement with Dorman Long Engineering. The Republic of Congo’s SNPC also partnered with Azerbaijan’s oil company to enhance the CORAF Refinery. The 2025 conference aims to unlock further investment and collaboration.
“Oil and gas development is key to Africa’s progress,” said NJ Ayuk, Executive Chairman of the AEC. “We must commit to policies that attract investment, including more drilling, licensing rounds, and fast-tracked approvals, while resisting external efforts that undermine the continent’s growth. The Chamber supports initiatives that leverage Africa’s resources to transform economies and end energy poverty.”
