Category: AFRICA

OPEC Puts Africa’s Refining Investment Need at $125 Billion Through 2050

Africa will need at least $125 billion in refining investment through 2050 across current projects, future projects and maintenance, Abderrezak Benyoucef, Head of the Energy Studies Department at OPEC, said in a fireside chat with Eithne Treanor, Founder and CEO of ETreanor Media, at African Energy Week (AEW) 2026 in Cape Town. OPEC also distributed hard copies of a new study on Africa’s medium- and long-term energy outlook at the session, ahead of its online publication. “Talking about capacity, we have also to talk about how much we get from…

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Angola Attracts $10B in Mature Field Investment Through Regulatory Reforms

Angola has attracted more than $10 billion in investment across mature oilfields through regulatory reforms and a flexible approach to investor engagement, according to Alcides Andrade, Executive Board Member at the National Oil, Gas & Biofuels Agency (ANPG). Speaking during a fireside chat at African Energy Week 2026 in Cape Town, Andrade said the investments have helped extend the life of existing assets and add approximately one billion barrels to the country’s reserves, supporting production over the next five years. The investments form part of the ANPG’s broader strategy to…

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Africa’s Oil demand to hit 383 mboe/d,by 2050

……As Continent’s population hits 2.5billion,says OPEC From now until 2050, the Organization of the Petroleum Exporting Countries (OPEC) forecasts an increase in global primary energy demand from the current 312 million-barrels-of-oil-equivalent-per-day (mboe/d) to nearly 383 mboe/d in 2050 – an increase of around 23% over the 25-year period, with growth almost entirely coming from developing countries, including Africa. In its 20th edition of the World Oil Outlook, released in 2026, OPEC included a section dedicated to understanding Africa’s long-term energy role, demographic trajectory, and investment needs, due to the continent’s…

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Africa’s Energy Leaders Honored at the African Energy Awards 2026

The African Energy Chamber announced the winners of the African Energy Awards 2026 during the Gala Dinner and Awards ceremony at African Energy Week (AEW) 2026 in Cape Town on October 13. The awards recognized excellence across services, local content, exploration and production, downstream infrastructure, dealmaking, social investment, gas monetization, technology and power. This year’s winners spanned the full energy value chain. Eni’s discoveries in Angola and Ivory Coast, the Dangote Refinery’s production ramp-up and Congo LNG’s emergence as an exporter were all recognized, alongside the growing role of African…

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Accelerating African Industrialization and Investment

CERAWeek Leadership Circle Calls for affirmative action Africa will need at least $125 billion in refining investment through 2050 across current projects, future projects and maintenance, Abderrezak Benyoucef, Head of the Energy Studies Department at OPEC, said in a fireside chat with Eithne Treanor, Founder and CEO of ETreanor Media, at African Energy Week (AEW) 2026 in Cape Town. OPEC also distributed hard copies of a new study on Africa’s medium- and long-term energy outlook at the session, ahead of its online publication. Africa must accelerate industrialization and attract more…

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Russian Industrial & Energy Leaders Present Next-Generation Technologies

….As African Energy Week 2026 holds in South Africa Under the auspices of the Russian Export Center (REC) business mission, a delegation of leading Russian technology providers, engineering firms, and industrial manufacturers is showcasing advanced solutions at African Energy Week (AEW) 2026 in Cape Town. The joint initiative focuses on fostering cross-border partnerships, modernizing energy infrastructure, and delivering scalable industrial technology across Central and Southern Africa. The participating companies present a comprehensive range of solutions spanning upstream exploration, midstream infrastructure, digital transformations, environmental sustainability, and cross-border trade execution: Upstream &…

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Why GAEC’s 6-Year abandoned foundry could help farmers

A factory at Kwabenya meant to turn galamsey scrap into ploughs and drainage covers has sat idle since 2019. Former Science Minister Prof. Frimpong-Boateng says reviving it is key to Ghana’s 24-hour economy — and non-interest banking could be the fix. In a large shed at the Ghana Atomic Energy Commission (GAEC) in Kwabenya, the walls are up but the machines never arrived. In September 2026, former Minister for Environment, Science and Technology, Prof. Kwabena Frimpong-Boateng, revealed on Channel One TV that the National Foundry and Computer Numerical Control (CNC)…

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Scaling AI Across African Energy, Mining Operations….Microsoft Leads the Charge

Microsoft is targeting wider artificial intelligence adoption across oil and gas, power and utilities, and mining, focusing on the integration of enterprise data and operational technology to improve industrial decision-making and asset performance. During a Microsoft-hosted session at African Energy Week 2026 on Monday, Gargi Mishra, Frontier Industry Advisor for Energy and Resources, Microsoft, explored how companies can move AI from individual productivity applications into operational workflows. “The opportunity for the energy sector is to connect the data companies already generate across their operations with AI capabilities that can help…

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Scaling up Ghana’s baobab value Chain

HTU and Partners Launch BAOMAP Project Story: Mohammed A. Abu Baobab is critical to the socio-economic development of Ghana and therefore stock taking of it and to understand its spread in the country is important. This observation was made by Prof Kenneth Fafa Egbadzor, Head of the Directorate of Research and Innovation, Ho Technical University, Volta Region, in his opening remarks during a hybrid webinar to officially  launch the BAOMAP Project (Mapping of Baobab Populations (Adansonia digitata) in Ghana Using Remote Sensing and Ground Verification Surveys), in Ho, last Monday.…

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Attaining Vision 2050 goals….Tanzania bolsters reforms in mining sector 

GEITA: PRIME Minister Mwigulu Nchemba has directed the Ministry of Minerals to strengthen the management of the mining sector in order to enhance productivity in line with the country’s Development Vision 2050. Dr Nchemba issued the directives on Saturday of October 3rd, 2026 during the closing ceremony of the Ninth National Mining Technology Exhibition held at the Dr Samia Suluhu Hassan grounds in Geita Municipal Council. He said that, in line with the theme of the exhibition, “Minerals are Wealth, Let Us Take Responsibility Together,” everyone has a responsibility to…

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