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Oil, gas indaba to reposition Africa

Local News
African Energy Week (AEW) 2023 say this year’s conference and exhibition will promote Africa as a global energy investment destination.

ORGANISERS of Africa’s premier oil and gas sector event, the African Energy Week (AEW) 2023 say this year’s conference and exhibition will promote Africa as a global energy investment destination.

Hosted by the African Energy Chamber (AEC) and partners, AEW is scheduled to run from October 16 to 20 in Cape Town, South Africa under the theme: The African Energy Renaissance: Prioritising Energy Poverty, People, the Planet, Industrialisation and Free Markets.

In a recent statement, executive chairman of the AEC, NJ Ayuk said AEW 2023 will unite African energy stakeholders with investors and international partners to drive industry growth and development, as well as promote Africa as an energy investment destination.

“The chamber is proud to host AEW 2023 in partnership with industry players and government representatives as part of our efforts to continue to fight for Africa’s energy independence and security,” Ayuk said.

“With the number of people living in energy poverty in Africa continuing to increase, we believe Africa has and needs to exploit its entire energy base including oil, gas, hydropower and renewables to drift itself away from poverty and under development.”

Event spokesperson Sanri van Wyk said the conference will also address the consistent under-investment and difficult financial conditions across the African market.

“AEW 2023 aims to ensure Africa reduces its over-reliance on external funding and energy imports while meeting its growing energy needs leveraging local resources,” she said.

“AEW 2023 will make a strong case on the role Africa’s hydrocarbon resources play in boosting energy access and driving socioeconomic developments across the continent.”

She added: “This year’s edition will be bigger and better with a renewed energy investment focus, high-level panel discussions, one-on-one meetings and exclusive networking sessions between African energy policymakers, companies and global investors.”

AEW 2023 seeks to explore business deals and policy necessities for Africa to maximise the exploitation, development and monetisation of its oil and gas resources for energy mix diversification, employment creation, industrialisation and energy security.

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