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Africa Investment Forum 2024 Garners $29.2 Billion in Deals, Signaling Continent’s Growing Economic Potential

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Africa Investment Forum

During the closing press conference, representatives of the Forum’s founding partners reaffirmed their commitment to deepening collaboration and enhancing the platform’s convening power to mobilize critical investments for Africa

RABAT, Morocco, December 7, 2024/APO Group/ — 

The Africa Investment Forum 2024 Markets Days has recorded a total of $29.2 billion in new investor interests after three days of boardroom discussions in Rabat, Morocco. 

The Chair of the Africa Investment Forum, President of the African Development Bank, Dr Akinwumi A Adesina, described this latest total as “truly outstanding” and added that this could be even higher as in addition to the 37 deals that were ready, there were still more investments that were being discussed and worked on. 

Adesina added that 2,300 investors and delegates had participated in this year’s Market Days, an increase of 60% over last year. They came from 83 countries: 

“The waves of the Africa Investment Forum are cascading investment ripples from Africa to all parts of the world…I am proud that we have achieved for Africa.” 

“Across 41 investment boardrooms, investors and project developers gathered to review, discuss and engage on 37 investment projects. The projects varied from transport, power, energy, agribusiness, industry, mining, pharmaceuticals, private equity, tourism, urban infrastructure, water management and water and sanitation.” 

He described the Africa Investment Forum 2024 Market Days as a rich experience. He announced that the Forum has lined up 15 new sponsors, including banks, insurers and export credit agencies for next year, along with others who’ve expressed interest in joining as new partners: 

“We are becoming a global investment movement for Africa.” 

Adesina thanked the nine founding partners of the Forum of the Africa Investment Forum–Africa50, the Afreximbank, the Development Bank of Southern Africa, the Islamic Development Bank, the European Investment Bank, the Trade and Development Bank, and the Arab Bank for Economic Development in Africa. He also expressed his deep gratitude to King Mohammed VI and the people of Morocco for hosting the event for the second year in succession. 

Morocco’s Minister of Economy and Finance, Nadia Fettah Alaoui, praised the Forum’s achievements: 

We have seen a growing strength in partnerships, we have seen innovations coming through and we really looking forward to more Africa Investment Forum Market Days in the future

“It is a major catalyst and a successful and unique platform for investment and for accelerating the transformation of Africa. Investors came to Rabat to prospect, identify and invest in bankable projects, and say that Africa is open to business.” 

She appealed to the African diaspora: “In Africa, the future is happening. We have good projects, we have energy and enthusiasm and we have the money to finance your projects.” 

Before announcing this year’s investment interest numbers, Adesina was named “African of the Decade” by the All Africa Business Leaders Award (https://apo-opa.co/4gqzhr9), an initiative of the ABN Group in partnership with CNBC Africa, for his “exceptional leadership and commitment to Africa.” 

Reflecting on his legacy as his 10-year tenure as head of the premier pan-African institution comes to an end next year, Adesina said, “I’m proud of what we’ve achieved. It has been the greatest honor of my life serving Africa! I will keep ‘cheering and pitching for investments in Africa.’” 

He reiterated his optimism about the future of Africa, saying he would continue advocate for the continent after his tenure.  “My heart is in Africa; my soul and my mind is in Africa. Whatever I do will be in Africa. 

Addressing journalists on the outcomes of the Market Days, Dr. Adesina revealed that many of the projects presented in the boardrooms received investor interest higher than estimated. 

For example, he said, state representatives sought to mobilize $975 million for Nigeria’s Special Agro-Processing Zone, but the boardroom sessions garnered $4.8 billion. Similarly, projects initiated by Morocco and the Democratic Republic of the Congo drew investor interest higher than initially targeted. 

During the closing press conference, representatives of the Forum’s founding partners reaffirmed their commitment to deepening collaboration and enhancing the platform’s convening power to mobilize critical investments for Africa. As the event grows, it solidifies its role as a cornerstone for catalyzing transformative investments across the continent. 

Development Bank of Southern Africa’s CEO Boitumelo Mosako attributed the success of this year’s Market Days to the strong collaboration among the founding partners, as well as the quality and size of investors that participated in the boardrooms. “We have seen a growing strength in partnerships, we have seen innovations coming through and we really looking forward to more Africa Investment Forum Market Days in the future,” she said. 

The partners also spoke about the key successes and challenges of the Forum over the past five years, ranging from the task of developing bankable projects to perceived market risks and cost of capital, among others. 

“It’s a very structured process that the Africa Investment Forum represents. It is not just the Market Days. It’s a lot of preparation that builds up to the Market Days,” said Admassu Tadesse, Trade and Development Bank Group President and Managing Director. 

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

Distributed by APO Group on behalf of Energy Capital & Power.

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

Distributed by APO Group on behalf of Energy Capital & Power.

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