Africa is on the brink of a significant investment surge in its oil and gas sectors, with a series of licensing rounds slated for the 2024/2025 period. According to the African Energy Chamber’s State of African Energy 2025 Outlook Report, these initiatives aim to unlock untapped energy potential and stimulate long-term economic growth. The African Energy Week’s “Invest in African Energies” conference will highlight these opportunities, connecting operators with emerging block opportunities.
North Africa
Libya launched its first licensing round since 2011 in March 2025, offering 22 blocks across key basins, drawing interest from 37 companies. Algeria awarded five licenses in June 2025 as part of its strategy to invest $50 billion in hydrocarbon projects over the next four years. Egypt’s March 2025 bid round includes 12 new opportunities, with a focus on the Mediterranean and Nile Delta regions.
West Africa
Sierra Leone and Nigeria are preparing new licensing rounds in 2025 to boost exploration. Sierra Leone offers around 50 offshore blocks, while Nigeria focuses on undeveloped fields. Liberia’s 2024 licensing round made 29 offshore blocks available, backed by extensive seismic data.
East Africa
Tanzania will launch a licensing round in 2025 for 26 blocks, while Kenya plans its inaugural round in September 2025, targeting the Lamu and Anza basins. Uganda is set to offer new exploration areas during the 2025/2026 fiscal year.
Southern Africa
Angola’s 2025 licensing round will offer ten blocks as part of its six-year strategy, and Namibia’s open-door system addresses exploration interest following recent discoveries. These licensing rounds represent Africa’s commitment to enhancing its energy landscape and attracting global investment.
Source: Todd Riggs, oilandgasmiddleeast.com