{"id":186,"date":"2024-10-30T16:52:05","date_gmt":"2024-10-30T16:52:05","guid":{"rendered":"https:\/\/monedatreasuryblog.com\/?p=186"},"modified":"2024-11-03T16:48:34","modified_gmt":"2024-11-03T16:48:34","slug":"whats-next-for-africa","status":"publish","type":"post","link":"https:\/\/monedatreasuryblog.com\/index.php\/2024\/10\/30\/whats-next-for-africa\/","title":{"rendered":"What&#8217;s Next for Africa?"},"content":{"rendered":"\n<p class=\"has-small-font-size\">October, 2021<\/p>\n\n\n\n<p>Africa\u2019s oil and gas industry is on the brink of transformative growth, with an estimated $213 billion investment in 40 projects over the next five years. This investment will be funneled towards infrastructure development, increase in production capacity, and improved energy access across the continent. Countries like Nigeria, Angola, Algeria, and Mozambique are at the forefront of this development with government, private, and public sector support driving project expansion.<\/p>\n\n\n\n<p>&#8220;<strong>Sub-Saharan Africa dominates with 80% of projects and about 90% of investments&#8221;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"726\" height=\"323\" src=\"https:\/\/monedatreasuryblog.com\/wp-content\/uploads\/2024\/10\/Capture_2-removebg-preview.png\" alt=\"\" class=\"wp-image-193\" srcset=\"https:\/\/monedatreasuryblog.com\/wp-content\/uploads\/2024\/10\/Capture_2-removebg-preview.png 726w, https:\/\/monedatreasuryblog.com\/wp-content\/uploads\/2024\/10\/Capture_2-removebg-preview-300x133.png 300w\" sizes=\"auto, (max-width: 726px) 100vw, 726px\" \/><figcaption class=\"wp-element-caption\">Fig 1(A): Number of projects by country. Fig 1(B): Value of investments by country.<\/figcaption><\/figure>\n\n\n\n<p>Many African countries are looking to leverage this investment to address energy poverty and support their national economies. By focusing on developing local infrastructure, countries can reduce their dependency on imports, potentially driving down energy costs and creating a ripple effect of economic growth.<\/p>\n\n\n\n<p><strong>&#8220;North Africa is heavily focused on gas &#8211; 7 of 8 projects are gas-based.&#8221;<\/strong><\/p>\n\n\n\n<p>Africa continues to depend on oil and gas, with nearly all planned and in-construction projects designed for long-term operation, each with a minimum lifespan of 20 years. However, the growing focus on gas projects\u2014comprising 52.5% of planned energy developments\u2014signals an increased commitment to the gas sector. This shift reflects rising awareness among international investors and African governments of the importance of sustainability within the energy sector. <\/p>\n\n\n\n<p>70% of the projects are to be managed by private companies or consortia, which is favorable for swift and efficient project development and political neutrality, as ca be seen in Eni&#8217;s Agogo field which moved from discovery to production within nine months.<\/p>\n\n\n\n<p><a href=\"http:\/\/monedatreasuryblog.com\/wp-content\/uploads\/2024\/10\/Oil-and-Gas-Projects-in-Africa.pdf\">Click here to read full report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>October, 2021 Africa\u2019s oil and gas industry is on the brink of transformative growth, with an estimated $213 billion investment in 40 projects over the next five years. This investment will be funneled towards infrastructure development, increase in production capacity, and improved energy access across the continent. Countries like Nigeria, Angola, Algeria, and Mozambique are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[7,17,19],"class_list":["post-186","post","type-post","status-publish","format-standard","hentry","category-moneda-intelligence","tag-investment","tag-nigeria","tag-oil-and-gas"],"_links":{"self":[{"href":"https:\/\/monedatreasuryblog.com\/index.php\/wp-json\/wp\/v2\/posts\/186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monedatreasuryblog.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monedatreasuryblog.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monedatreasuryblog.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/monedatreasuryblog.com\/index.php\/wp-json\/wp\/v2\/comments?post=186"}],"version-history":[{"count":7,"href":"https:\/\/monedatreasuryblog.com\/index.php\/wp-json\/wp\/v2\/posts\/186\/revisions"}],"predecessor-version":[{"id":225,"href":"https:\/\/monedatreasuryblog.com\/index.php\/wp-json\/wp\/v2\/posts\/186\/revisions\/225"}],"wp:attachment":[{"href":"https:\/\/monedatreasuryblog.com\/index.php\/wp-json\/wp\/v2\/media?parent=186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monedatreasuryblog.com\/index.php\/wp-json\/wp\/v2\/categories?post=186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monedatreasuryblog.com\/index.php\/wp-json\/wp\/v2\/tags?post=186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}