International information and analytics supplier Wooden Mackenzie has joined the African Vitality Week (AEW): Spend money on African Energies 2025 convention as a Information Companion. By this partnership, Wooden Mackenzie brings their experience to Africa’s premier funding platform for the power sector, because the continent continues to drive socioeconomic growth on the again of its immense useful resource wealth.
With an $800-billion, 20-year upstream capital expenditure (capex) program, Africa is effectively positioned to current substantial oil and gas-driven alternatives for worldwide traders, challenge builders and repair suppliers. In response to Upstream Analysis Director at Wooden Mackenzie Ian Thom, a significant theme of funding for this immense capex program shall be LNG, which has emerged as one of many continent’s most profitable sectors to drive funding and growth.
According to its dedication to spurring progress in African power, Wooden Mackenzie publishes a collection of African outlook stories, offering real-time information and highlighting the newest traits and funding alternatives shaping the African commodities and power trade. In its newest Sub-Saharan Africa Upstream: 2024 in Evaluation report, launched in January 2025, the intelligence firm highlights a gentle manufacturing progress, with the area’s oil and fuel output posting a 5% improve.
This improve, in keeping with the report, was pushed primarily by the start-up of Senegal’s Sangomar oil discipline and a restoration in Nigeria’s oil sector. The report additionally reveals that mergers and acquisition spending within the area practically doubled to $6 billion whereas floating LNG developments gained momentum with power majors bp and Eni attaining start-ups within the Republic of Congo and the MSGBC Basin.
In the meantime, within the firm’s Vitality Transition Outlook: Africa report, launched in February final 12 months, the agency showcases a base case state of affairs whereby Africa’s main power demand will improve by 1.2 occasions from present ranges. In response to the report, this progress shall be pushed by the continent’s upwards trending GDP and inhabitants progress.
With exploration accelerating throughout frontier and mature basins, in-depth market evaluation from Wooden Mackenzie shall be essential in offering world traders with real-time insights on the state of play in Africa’s upstream trade. As such, partnerships like these shall be essential for offering perception into how African nations are increasing their respective oil and fuel methods to draw new investments and create extra favorable situations for world trade gamers.
“Wooden Mackenzie’s experience in African commodity markets has supplied the continent with a aggressive benefit in attracting world investments. As African nations prioritize the event of each hydrocarbon and renewable power assets to make sure power safety and drive industrial progress, Wooden Mackenzie’s consulting, analysis and provide chain insights will play a key function in delivering optimistic outcomes for each African power builders and worldwide traders,” says Oré Onagbesan, AEW: Spend money on African Energies Program Director.
As a Information Companion to AEW: Spend money on African Energies 2025, Wooden Mackenzie will construct on these insights, offering the newest updates whereas enabling world stakeholders to navigate adjustments to Africa’s regulatory frameworks, fiscal incentives and insurance policies.
Distributed by APO Group on behalf of African Vitality Chamber.
