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Home » African Energy Week (AEW) 2024: Pioneering Investment and Collaboration in Africa

African Energy Week (AEW) 2024: Pioneering Investment and Collaboration in Africa

African Energy Week (AEW) 2024, Africa’s premier energy sector event, is set to be held from November 4-8 in Cape Town. This event promises invaluable insights into the future of energy. It will feature groundbreaking projects and new collaboration opportunities in Africa.

The conference, organized by the African Energy Chamber, will host a technical hub. This hub will offer detailed insights into the latest developments in the energy sector. AEW also aims to unite African energy leaders, global investors, and executives from both the public and private sectors. 

This event will see a high-level lineup of speakers. Notable attendees include H.E. Mohamed Aoun, Minister of Oil and Gas from Libya, and H.E. Mohamed Arkab, Minister of Energy and Mines from Algeria. Maixent Raoul Ominga, Managing Director of Société Nationale des Pétroles du Congo, and H.E. Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources, will also be present.

AEW was launched in 2021. It aims to eradicate energy poverty by 2030. The event includes panel discussions, investor forums, industry summits, and one-on-one meetings. Moreover, it is a key platform for signing deals and advancing projects in African energy.

The 2024 edition will serve as the official meeting place for Africa’s energy elite, promoting the continent’s role in global energy matters. AEW covers the entire energy sector and value chain, making it the only conference representing the entire industry in Africa.

AEW also focuses on integration and collaboration to reverse Africa’s resource curse. The event supports upstream, midstream, and downstream projects, which in turn create jobs, promote gender equality, and drive innovation. Additionally, it advocates for personal responsibility, free markets, individual liberty, and an investor-friendly environment.

Also Read: AfDB approves $1 Billion Guarantee  from the United Kingdom to support South Africa Energy Transition

Uniting Africa’s Energy Leaders for a Sustainable Future

African energy demand is projected to more than triple by 2040. This growth is driven by population increases and rising demand in the petrochemical and transportation industries. New oil and gas discoveries across Africa have opened up new frontiers for investment.

AEW 2024 will unite African governments, national oil companies, and think-tanks with global investors and project developers. The goal is to make energy poverty history by 2030. 

The event has become the go-to platform for project operators, financiers, technology providers, and government representatives. It emphasizes improving the regulatory environment for investment in Africa, with attractive fiscal terms and policies enhancing competitiveness.

African national oil and gas companies are emerging as strong partners for global exploration and production companies. These NOCs are increasing their competitiveness and expertise, driving projects forward. Key discussions at AEW will focus on investment and partnership opportunities.

Frontier basins and efforts to increase reserves in producing countries offer great opportunities for investors and project developers. Notable discoveries in Namibia, Mauritania, Senegal, Mozambique, and Ivory Coast have revealed new potential. Producing countries like Angola, Nigeria, Algeria, Egypt, and Gabon are seeing renewed investment prospects.

African Energy Week 2024 is set to be the largest energy event in Africa. It will unite stakeholders to discuss the future of African energy and also enhance meaningful collaborations.

While giving his remarks, NJ Ayuk, Executive Chairman, African Energy Chamber stated, 

“Africa remains one of the most attractive destinations for investment. With a significant portion of the African population still lacking access to electricity, the role of international oil companies and national oil companies is set to deliver ripe opportunities for technical service providers to drive energy security and socio economic development.”