- Africa’s energy hub investment requires $1 billion to harness untapped opportunities and boost growth.
- Africa’s energy hub investment will dominate the 2025 IAEOGS in Namibia, focusing on access and sustainable development.
Africa’s energy hub investment has become a pressing priority as experts call for $1 billion to harness opportunities. The demand for capital highlights the urgency and the potential of Africa’s energy sector.
Suleiman Galadima, Convener of the International African Energy, Oil and Gas Summit (IAEOGS), stressed the scale of the need. He explained that the continent must channel resources towards accelerating energy access, localising value chains, and driving inclusive transitions. According to him, natural resources must translate into socio-economic development and poverty alleviation.
The fourth IAEOGS will take place in Windhoek, Namibia, from October 6 to 9, 2025. Its theme, Getting it Right, reflects the growing call for decisive action. Namibia, now a vital frontier for oil and gas, has drawn attention with offshore discoveries in the Orange Basin. Companies such as Shell, TotalEnergies, and Galp began exploration there in 2022.
Although Shell recently wrote down some discoveries due to commercial challenges, investor confidence remains strong. TotalEnergies targets a final investment decision for its Venus field by 2026, with first oil by 2029. Galp is also advancing the development of its Mopane field. Galadima insisted that “the time to invest is now.”
In 2024, Africa attracted more than $120 billion in energy investments. Of this, $75 billion flowed directly into oil and gas projects. These inflows demonstrate surging global demand, untapped reserves, and the rise of local players reshaping Africa’s energy story.
Today, the continent holds more than 125 billion barrels of oil reserves and 620 trillion cubic feet of gas. However, over 600 million Africans still lack reliable electricity. This paradox underscores the moral and economic need for Africa’s energy hub investment.
The summit, endorsed by the Nigerian Ministry of Petroleum and the NMDPRA, will unite financiers, developers, and global energy leaders.