From Nigeria to Namibia, Africa’s Energy Revival Draws a Flood of New Capital

Core Insights - African resource-rich countries are enhancing their attractiveness for exploration and production (E&P) investments through reforms, aiming for $41 billion in upstream investment by 2026 [1] Group 1: Investment Climate - Countries like Nigeria and Angola are reforming licensing rounds and fiscal policies to improve investor returns and compete for foreign investment in energy and minerals [2][3] - The African Energy Chamber highlights that the continent presents compelling opportunities for investors willing to engage in a transparent and regulated E&P landscape [4] Group 2: Country-Specific Developments - Angola has improved its above-ground risk score since 2017 through extensive regulatory reforms, attracting upstream investment and consolidating its leadership in the region [4] - Angola is focusing on standalone gas development and has launched its first plant for processing non-associated natural gas, while also accelerating the permitting phase for new minerals projects [5] - Nigeria is auctioning 50 oil and gas blocks, targeting $10 billion in new investments over the next decade and aiming for an additional production capacity of 400,000 barrels per day [6]