Browsing: Africa Oil & Power

A report by Africa Oil & Power (AOP) shows that the appeal of natural gas as a viable energy source has grown rapidly over the past decade. The primary drivers of this demand include reduced costs in comparison to traditional fossil fuels; mounting pressure from the global energy transition; and the growing demand for alternative power generation solutions across Africa. 

Accordingly, the emergence of both Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG) markets has been driven by increased investment, in a bid to address energy security, diversification and electrification challenges. …

Africa trade and investment cooperation,

To drive Africa’s development, available workforce, access to markets and transport, investment and business climate, energy and technological infrastructure have been cited as key factors set to boost the continent.

Africa trade and investment cooperation,

This statement was said by Günter Nooke, the Africa Envoy to German Chancellor Angela Merkel during the “Investment and Trade for Africa’s Economic Development” public webinar co-hosted by the Germany-Africa Business Forum (GABF), Africa Oil & Power and the African Energy Chamber.

The German-African cooperation-focused webinar aims to show opportunities for sustainable Foreign Direct Investment (FDI) between Germany and Africa.

Also Read: Uganda’s trade deficit and exports in 2020

It is the second instalment of the German-African cooperation-focused webinar series which are under the theme of investment and trade for African economic development.

The panel comprised of NJ Ayuk, Executive Chairman of the African Energy Chamber, and Rene Awambeng, …

Angola’s reforms in the oil sector including at national oil company Sonangol , are already yielding positive results, with 30 per cent of the company set to be privatized by 2022.

Sector reforms are set to be supported by an investment campaign drive by Africa Oil & Power including the Angola Oil & Gas Conference & Exhibition on June 2020, at the Talatona Convention Center.

The conference will be a global drive which will present opportunities to a targeted audience of relevant investors.

H.E. Diamantino Pedro Azevedo, Angola’s Minister of Mineral Resources and said that the government had made noteworthy progress in its efforts to restructure the oil and gas sector.

Also Read: EU and UNCTAD seek more coffee aroma from Angola

Angola’s initial achievements include significant reduction of costs at the national oil company (NOC) Sonangol which has led to the government decision to list up to 30 per …