Global investment in upstream oil and gas is set to reach $570 billion in 2024, showing a 7% increase compared to 2023 expenditure. Of this, 33% is expected to be directed toward frontier assets, presenting a strategic opportunity for emerging oil and gas markets in Africa. Meanwhile, the International Energy Agency has estimated that delivering modern energy to the entire African continent – where more than 600 million people still lack access to electricity – will require up to $25 billion in annual spending through 2030.
With a lack of investment representing one of the primary challenges to oil and gas project financing in Africa, this year’s African Energy Week (AEW): Invest in African Energy 2024 event – taking place in Cape Town from November 4-8 – will feature a panel discussion on Unlocking African Assets Through New Risk and Finance Solutions. Sponsored by Global international insurance broker Howden and Pan African Insursnce advisory firm TRM Risk management, the session will explore the mechanisms, opportunities and challenges shaping Africa’s energy funding space, identifying new strategies for accelerating project development and maintaining a competitive advantage within the global energy landscape.
AEW: Invest in African Energy 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 www.AECWeek.com for more information about this exciting event.
The Unlocking African Assets Through New Risk and Finance Solutions discussion will feature an esteemed lineup of speakers, including Senior Director & Head of Natural Resources at Africa Finance Corporation Osam Iyahen; COO & Executive Director of green energy supplier Renergen Nick Mitchell and Howden Broking Insurance Managing Director and Head of Natural resources, Sam Martyn. The panel will be moderated by TRM Managing Director Hugo Hill.
With a lack of investment representing one of the primary challenges to oil and gas project financing in Africa, this year’s African Energy Week (AEW): Invest in African Energy 2024 event – taking place in Cape Town from November 4-8 – will feature a panel discussion on Unlocking African Assets Through New Risk and Finance Solutions. Sponsored by Global international insurance broker Howden and Pan African Insursnce advisory firm TRM Risk management, the session will explore the mechanisms, opportunities and challenges shaping Africa’s energy funding space, identifying new strategies for accelerating project development and maintaining a competitive advantage within the global energy landscape.
AEW: Invest in African Energy 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 www.AECWeek.com for more information about this exciting event.
The Unlocking African Assets Through New Risk and Finance Solutions discussion will feature an esteemed lineup of speakers, including Senior Director & Head of Natural Resources at Africa Finance Corporation Osam Iyahen; COO & Executive Director of green energy supplier Renergen Nick Mitchell and Howden Broking Insurance Managing Director and Head of Natural resources, Sam Martyn. The panel will be moderated by TRM Managing Director Hugo Hill.
Source: businessghana.com