Africa’s major oil and gas producers leverage hydrocarbon production to generate government revenue and drive economic development. But recently they have struggled to achieve their full potential. How has turmoil in oil and gas markets and climate considerations in recent years affected the continent’s producers? Where are investments most needed and how can African producers attract capital? How can Africa’s oil and gas producing countries plan for the energy transition to grow sustainably?
Governments want to attract foreign investment, but revenue generation is not their only goal.They are also looking for investment that will boost infrastructure development, job creation, social welfare and help meet environmental objectives. Given this complex and dynamic landscape, how do African governments set their hierarchy of priorities? What opportunities and constraints do they contend with today, and how do they plan for tomorrow? What government policies are Africa’s natural resource ministers developing to be competitive, drive investment and support economic growth?