The African Energy Chamber (AEC) is set to host an event which will support European investment opportunities across the African continent and drive economic growth and socioeconomic development.
The programme, Invest in African Energy Reception Event, scheduled for the Waldorf Hilton luxury hotel in London on January 26, will give investors and African energy leaders a platform to support energy initiatives that drive economic growth and human development across the continent.
The event will focus on developing an oil and natural gas market in Africa to serve as the foundation of the continent’s energy industry and transition, facilitating a platform for strong domestic trading and investment while reducing barriers to entry into the sector and thus ushering a wave of opportunities for new players to participate in one of the world’s most burgeoning investment destinations.
Speaking on this, Mr NJ Ayuk, Executive Chairman of the AEC, said African nations must focus on developing a natural gas market to serve as the foundation of the continent’s energy industry.
“Africa will be unable to meet the UN’s sustainable development goals unless we tap into all resources available, which is why we must encourage and facilitate international investment, specifically from Europe, in oil and gas in order to fairly and economically participate in the global energy transition and drive socioeconomic development throughout the continent,” he said.
The event is a part of the AEC’s plan to bring together governments and reputable businesses to promote growth under international standards of corporate conduct and position Africa to benefit from energy investment through trade and strategic alliances.
Business executives, investors, and government representatives will unite in London for the first of many AEC Energy Receptions to advance beneficial trade and investment alliances with the aim of advancing African governance while enhancing energy access, human rights, food and water security, and education on the continent.
In order to support capacity building, the support and financing of African businesses, and the construction of infrastructure in the continent’s energy industry, the partnership also hopes to further entice investment from the UK.
