Several African countries are launching or concluding oil and gas licensing rounds in 2024
CAPE TOWN, South Africa, June 11, 2024/APO Group/ —
With a strong slate of exploration and production activities and competitive licensing rounds in 2024, Africa is well-positioned to realize its potential as the global energy frontier. These bid rounds are poised to cement Africa as a global hub for hydrocarbon development.
Licensing rounds from Africa’s leading upstream players will be on display at this year’s African Energy Week (AEW): Invest in African Energy 2024 – scheduled for November 4-8 in Cape Town. Investors will be able to access exclusive information and technical presentations from the relevant petroleum ministries and regulators on both current and planned licensing rounds as the continent seeks to attract a broader range of companies to sign new contracts and drive exploratory drilling.
AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.
Oil and Gas Revival in North Africa
As part of the country’s plan to boost oil production to two million barrels per day within the next three to five years, Libya’s parastatal National Oil Corporation has announced plans for an oil and gas licensing round in 2024 or early 2025. The licensing round will focus on fields in the Sirte, Murzuq and Ghadames basins and presents a vital opportunity for Libya to attract new upstream investments.
Meanwhile, Algeria is expected to launch a licensing round offering between 10 and 12 onshore blocks in late 2024. The bid round forms part of the country’s strategy to maximize its gas and LNG potential. Additionally, in September 2023, the Egyptian General Petroleum Corporation and the South Valley Petroleum Holding Company launched a new licensing round aimed at boosting the country’s energy reserves and production capacity. The licensing round offers 23 on- and offshore blocks for oil and gas exploration in the Western Desert, Eastern Desert, Gulf of Suez and Red Sea.
Driving Production in Africa’s Promising Frontiers
With energy supermajors bp, TotalEnergies and Shell as well as upstream independent Kosmos Energy spearheading exploration activities in Mauritania, the country’s upcoming licensing round for 15 offshore blocks in 2024 is poised to mark a significant milestone in its energy sector. Mauritania’s coastal basin features extensive 2D and 3D seismic data coverage covering over 100,000km and 100,000km2, respectively.
Additionally, with its latest licensing round having featured 56 offshore blocks and concluding last September, another bid round is on the horizon for Sierra Leone in 2024. Despite its position as a frontier exploration market, Sierra Leone boasts a significant petroleum system that includes the Venus-B1, Mercury-1, Jupiter-1 and Savannah-1X discoveries. The country’s licensing round is supported by extensive 2D and 3D multi-client data, competitive and transparent fiscal terms and cooperation agreements in place with other African markets.
Set to spur new exploration and drilling activities in the prospective acreages of its deepwater basins, Nigeria’s Upstream Petroleum Regulatory Commission relaunched its latest licensing round during the Invest in African Energy summit in May. The round features 12 deep offshore and shallow water oil blocks and is available for bidding through January 2025.
Propelling Southern and Eastern Africa’s Energy Security
Last September, Angola’s national concessionaire the National Oil, Gas and Biofuels Agency launched a public tender for 12 onshore blocks in the Kwanza and Congo Basins. Receiving 53 bids, the tender includes four blocks in Angola’s Congo Basin and eight in the Kwanza Basin.
https://apo-opa.co/4ciSR6B
Expected for 2024 or 2025, the South African government will put up at least 10 new onshore blocks for shale gas development in the country’s Karoo region to reduce imports and alleviate an ailing energy grid. The licensing round will serve as the country’s first competitive auction for oil and gas resources. According to the state-owned Petroleum Agency of South Africa, the Karoo basin is estimated to hold up to 209 trillion cubic feet of recoverable shale gas and includes 90,000km2 of acreage previously held by Shell.
https://apo-opa.co/4cfD8F4
Tanzania has proposed auctioning up to 26 oil and gas blocks by June 2024 and will award licenses to the winners by December of the same year. The round will serve as Tanzania’s fifth bid round and is designed to revive interest in the country’s largely underdeveloped oil and gas sector. Of the 26 demarcated blocks open for bidding, 11 will be situated in the country’s offshore while 15 will be onshore. The Tanzanian government is currently in talks with a multi-client data contractor to compile extensive 2D and 3D seismic data within the basins.
https://apo-opa.co/3Vj2B9V
Meanwhile, having introduced a new Hydrocarbons Code in 2019, Gabon has emerged as a preferred destination for energy investors and majors due to investor-friendly reforms. Gabon’s heightened interest is attributable to the deregulation of its hydrocarbons sector, which is a core aim of its recently enacted reforms.
https://apo-opa.co/3VglcU9
During the AEW: Invest in African Energy conference, industry experts will unpack block opportunities across Africa’s mature and emerging oil and gas markets. Through dedicated country spotlight sessions, panel discussions and investor briefings, the event promotes deal-signing and project development.
Distributed by APO Group on behalf of African Energy Chamber.
The upcoming African Mining Week 2026 conference will unpack best practices to address financial, infrastructure and operational challenges as African junior miners scale their operations
CAPE TOWN, South Africa, May 14, 2026/APO Group/ –Africa’s estimated $8.5 trillion in untapped mineral wealth is increasingly being positioned as a junior miner-led opportunity, with smaller, more agile players playing a key role in unlocking the continent’s mining deposits. As governments and investors recalibrate exploration strategies, junior mining companies are emerging as the primary vehicles for converting underexplored resources into bankable projects.
Against this backdrop, the African Mining Week 2026 Conference and Exhibition will convene regulators, financiers and operators to examine how partnerships, capital access and execution models can shift juniors from the margins to the center of the continent’s mineral development strategy.
Taking place from October 14 – 16 in Cape Town, the event will feature a dedicated panel titled Collaboration for Growth: Unlocking Finance and Scale for Junior Miners. The session will highlight how governments are leveraging Public-Private Partnerships (PPP) to address high upfront capital requirements, limited infrastructure access and gaps in technical expertise constraining junior mining development.
The need for innovative financing solutions across Africa is increasingly apparent, with the continent’s share of global mineral exploration spending declining from 16% in 2004 to just 10.4% in 2024. In South Africa, exploration expenditure totaled R781 million in 2024, down sharply from a peak of R6.2 billion in 2006, underscoring the importance of stronger collaboration between governments and the private sector. In response, mineral-rich African countries are increasingly partnering with global investors to mobilize capital for exploration while supporting local content and beneficiation strategies.
One of the continent’s most prominent PPP models is the Junior Mining Exploration Fund (JMEF) launched by the Industrial Development Corporation of South Africa in partnership with the Department of Mineral Resources and Energy. In February 2026, the fund expanded to R2 billion, with Anglo American committing R600 million, demonstrating how coordinated public-private initiatives can strengthen financing for early-stage mining projects. Increased support through the fund has contributed to growth in South Africa’s junior and emerging mining sector, which recorded nearly 20% income growth in 2025.
Meanwhile, Zambia has introduced the Artisanal and Small-Scale Mining Fund following the enactment of the Geological and Minerals Development Act of 2025, aimed at expanding financing access for junior and small-scale miners. In 2026, the government allocated K449.5 million towards the fund, from a total K1.2 billion mining sector budget. The fund is expected to support junior miners as the country pursues its goal of increasing copper production to three million tons annually by 2030.
Similarly, the Democratic Republic of the Congo is strengthening partnerships with private sector investors, including Phoenix Capital and Eurasian Resources Group, to finance junior and artisanal mining operations as part of a broader strategy to unlock an estimated $24 trillion in untapped mineral resources.
Stepping into this picture, the AMW 2026 panel will explore the impact of PPP financing models, providing a platform for governments, investors and mining companies to develop solutions that scale exploration investment and accelerate the discovery of Africa’s next generation of mineral projects.
AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2026 conference from October 12-16 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com
Distributed by APO Group on behalf of Energy Capital & Power.
The upcoming African Mining Week conference will bring together industry players and global investors to explore investment and partnership opportunities emerging at the intersection of energy and mining
CAPE TOWN, South Africa, May 14, 2026/APO Group/ –Mining is rapidly becoming a driver of power market development in Africa, as energy supply constraints reshape how projects are financed and executed. From renewables and storage to fuel logistics and transmission, operators are increasingly securing integrated energy solutions to sustain output and manage risk.
Against this backdrop, the African Mining Week (AMW) Conference and Exhibition – taking place October 14–16, 2026, in Cape Town – will convene global investors, energy developers and mining stakeholders to examine pathways for strengthening power infrastructure to support mining activities across the continent. The event will feature a dedicated panel titled Accelerating Mineral Production: The Energy-Mining Nexus, bringing together policymakers, utilities and mining companies to discuss investment, infrastructure challenges and strategies for scaling production.
The discussion comes at a time when energy availability is becoming the defining constraint – and enabler – of mining growth across Africa. As a result, many companies are partnering with energy providers to secure power deals.
One of the clearest examples of this is EDF power solutions – a joint venture (JV) between mining company Anglo American and energy company EDF. The JV is advancing a portfolio of renewable energy projects to power mining operations across South Africa. In mid-April, the company commissioned the 140 MW Umsobomvu facility as part of the broader 520 MW Koruson 2 cluster, following the earlier delivery of approximately 480 MW under the Koruson 1 cluster in early April. These projects are contributing to the decarbonization of mining operations by displacing coal-based grid electricity for miners such as Valterra Platinum, Kumba Iron Ore and De Beers.
Sibanye-Stillwater is also turning to renewable energy to optimize its operations. The company is advancing a 725 MW renewable energy portfolio secured via long-term power purchase agreements with developers including NOA Group, Red Rocket and Sola Group. These developments align with South Africa’s strategy to generate 40% of its electricity using renewables by 2030, a move aimed at lowering electricity costs and improving energy security for energy-intensive sectors such as mining.
Similar case studies are being seen across other mineral-rich provinces in Africa. In Zambia, First Quantum Minerals is advancing a 430 MW renewable energy project alongside Total Eren and Chariot Limited. The project will strengthen energy supply to the company’s mines, enabling First Quantum to contribute to a national target to increase copper output to three million tons by 2031.
Meanwhile, Eurasian Resources Group is investing in transmission infrastructure and cross-border power solutions between Zambia and the Democratic Republic of the Congo to stabilize energy supply for cobalt operations.
While renewables are scaling rapidly, mining companies are also reinforcing energy security through fuel agreements. In February 2026, Valterra Platinum signed a three-year fuel supply deal with TotalEnergies for its South African operations. Puma Energy and BHL Group have also launched a five-year fuel transport agreement moving supply between Namibia’s Walvis Bay and Zambian mining hubs.
As such, AMW 2026 comes at a pivotal time when energy and mining are no longer parallel sectors, but deeply interconnected growth engines. From renewables and transmission to fuel logistics and financing, the continent is witnessing a structural shift toward integrated energy–mining ecosystems. The AMW 2026 panel will spotlight how innovative partnerships, blended financing models and private-sector participation are accelerating both energy deployment and mineral production – positioning Africa to meet rising global demand while advancing its own industrialization agenda.
Distributed by APO Group on behalf of Energy Capital & Power.
African Mining Week 2026 will spotlight Egypt’s rapidly expanding mining value chain as the country accelerates a shift from raw mineral exports toward large-scale downstream industrialization and value addition
CAPE TOWN, South Africa, May 14, 2026/APO Group/ –Multinational commodities trader Trafigura, together with the Egyptian Aluminium Company and Metallurgical Industries Holding Company, has entered exclusive negotiations to co-finance and develop a major new aluminium complex in Egypt, marking one of the country’s most significant downstream metals investments to date.
The proposed project, valued between $750 million and $900 million, includes a 300,000-ton-per-annum aluminium smelter and a 150,000-ton-per-annum anode plant. It is designed to position Egypt more competitively in global aluminium supply chains at a time when geopolitical fragmentation and industrial realignment are pushing countries to localize and secure critical materials processing capacity.
Beyond serving international demand, the project aligns directly with Egypt’s industrial strategy to increase the mining sector’s contribution to GDP from around 1% today to 5-6% over the medium term, underscoring a clear policy shift toward value-added production rather than raw mineral exports.
The aluminium deal is also part of a wider acceleration in Egypt’s beneficiation strategy, with new partnerships emerging across phosphates, fertilizers and industrial minerals.
In April 2026, Misr Phosphate Company signed an agreement with Indorama Corporation to supply phosphate feedstock for a $525 million fertilizer complex in the Suez Canal Economic Zone at Sokhna. The first phase of the project is expected to produce around 600,000 tons annually, strengthening Egypt’s position in global fertilizer supply chains while increasing domestic processing capacity.
In parallel, El Sewedy Industrial Development and China’s Kunming Chuan Jin Nuo Chemical are developing a $1 billion integrated phosphate complex in the Sokhna Industrial Zone, further expanding Egypt’s downstream chemical and fertilizer ecosystem.
Chinese industrial group Xingfa Group has also outlined plans to invest up to $2 billion across phosphate exploration, extraction and chemical manufacturing in Egypt, reinforcing international confidence in the country’s industrial minerals strategy.
At the same time, Egypt is moving to strengthen its position in precious metals and refining. The Central Bank of Egypt, alongside the African Export-Import Bank, is advancing plans for a Pan-African Gold Bank initiative aimed at expanding local gold refining capacity, formalizing artisanal and industrial supply chains and reducing dependence on external refining hubs.
These projects signal a broader structural shift: Egypt is transitioning from a raw commodity exporter to a vertically integrated minerals and industrial processing hub, with downstream value creation at the center of its economic strategy.
Egypt’s accelerating beneficiation agenda will be a key focus at African Mining Week (AMW) 2026 – The Most Influential Mining Conference in Africa – where the country will feature through a dedicated Country Spotlight.
The forum brings together government representatives, regulators, global investors, mining companies, project developers and financiers to explore opportunities across Egypt and Africa’s expanding mining and industrial value chain.
As the country scales its downstream ambitions across aluminium, phosphates, fertilizers and gold, AMW 2026 will serve as a key platform for translating policy momentum into investment partnerships and project execution.
Distributed by APO Group on behalf of Energy Capital & Power.
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