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African Energy Chamber G20 Forum Fireside Chats to Explore the Future of Africa’s Oil and Gas Value Chain
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The African Energy Chamber's G20 Africa Energy Investment Forum (https://EnergyChamber.org/) – taking place on November 21 in Johannesburg – will host two exclusive fireside chats that will unpack the future of Africa's oil and gas value chain, exploring how upstream growth, midstream diversification and downstream modernization can accelerate investment across the continent. At a time when African governments and companies are repositioning themselves for new exploration, refining upgrades and energy-transition aligned strategies, these dialogues will highlight the role of global partnerships in driving Africa's energy and climate goals.
Oando PLC has set a strong example for how independent oil and gas companies can position themselves at the helm of African energy diversification. By evolving from a trading and downstream company into one of sub-Saharan Africa's most competitive and integrated groups, the company is not only expanding its investments but unlocking the potential of the continent's oil and gas value chain. Recent developments reflect this approach. In 2024, the company acquired Eni's Nigerian Agip Oil Company in a move that widened its upstream portfolio. The company also launched Oando Mining – focusing on developing lithium and other critical minerals -, while reinforcing its downstream and marketing business.
These efforts reflect a commitment to a diversified energy portfolio, one that many independents can mirror across the continent. During the G20 Forum, Tinubu will participate in a fireside chat on Strategy, Growth and Expansion: From Upstream to Energy Diversification. The session will offer insight into the company's energy strategy, opportunities for African independents in Africa and the need to expand the continent's oil and gas value chain.
“Africa's oil and gas value chain is full of untapped potential, and companies like Oando are proving what is possible when African champions lead from the front. Oando's growth story shows that with the right capital and the right partnerships, African companies can drive transformative expansion across the entire value chain,” states NJ Ayuk, Executive Chairman, African Energy Chamber.
Meanwhile, the South African National Petroleum Company (SANPC) – the country's newly-formed state entity – has set its sights on accelerated project development, with a view to strengthening supply chains and enhancing fuel security. In addition to pursuing upstream projects, the SANPC has committed to transforming the country's midstream sector through the revival of strategic refining infrastructure. Lack of investments have long-plagued the country's refineries, leading to an over-reliance on imports that have made South Africa vulnerable to supply disruptions. However, the SANPC strives to turn this trend around. Key projects include the revitalization of the SAPREF refinery and reinstatement of the Gas-to-Liquids refinery. The company aims to bring the 180,000 barrel per day SAPREF facility back online following a closure in 2022, boosting capacity to between 400,000 bpd and 600,000 bpd in the long-run.
A fireside chat at the G20 Forum will unlock the role these infrastructure projects will play in the country's energy future. The discussion will feature the SANPC's CEO Godfrey Moagi, who is expected to share insight into strategies for strengthening the country's oil and gas supply chain. The discussions takes place under the theme Repositioning the National Champion: Refinery Modernization and De-Risking South Africa's Supply Chain, providing investors with exclusive insights into South Africa's midstream expansion strategy.
“South Africa's energy security hinges on strengthening its downstream infrastructure, modernizing refineries and building a supply chain that is resilient, competitive and future-ready. SANPC is positioned to play a pivotal national role, but unlocking this vision requires global finance, technology partnerships and strategic investors who are willing to back long-term refinery upgrades and fuel-security projects,” Ayuk added.
With global interest in Africa's energy markets rising and new policies across multiple countries seeking to accelerate upstream and downstream investment, the G20 Africa Energy Investment Forum's fireside chats promise to provide strategic clarity and actionable insight for investors, national companies and international financiers seeking to expand their footprint across the continent.
To register for the Forum click here (https://apo-opa.co/4pewDcs).
Distributed by APO Group on behalf of African Energy Chamber.Afreximbank calls for Africa’s Sustainable Development and Industrialisation, Just Energy Transition at United Nations Climate Change Conference (COP30)
At the ongoing 2025 United Nations Climate Change Conference (COP30) in Belem, Brazil, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is strategically advocating for a climate agenda that aligns with Africa's sustainable development and industrialisation ambitions as outlined by its President, Dr. George Elombi.
The Bank's delegation is advocating for a pan-African climate narrative that builds on the outcomes of the African Climate Summits and previous COPs. Afreximbank's engagements are anchored on the core principles of the AU Agenda 2063: The Africa We Want, and emphasizes the critical role of the African Continental Free Trade Area (AfCFTA) in building climate-resilient economies.
A central pillar of the Bank's advocacy involves mobilising climate finance primarily to support adaptation aspirations of its member countries and ensuring the swift and effective operationalisation of the Loss and Damage Fund. The Bank is also pushing for African countries, who are disproportionately affected by climate events despite contributing less than 4% of global emissions, to receive adequate compensation and to develop the necessary domestic structures to access these funds.
Aligned with President Dr. George Elombi's vision, Afreximbank is spotlighting the continent's immense potential in value addition and strategic minerals processing. Instead of exporting raw materials, the Bank is championing financing for entire value chains, such as transforming the Democratic Republic of Congo's lithium into batteries, to position Africa as a hub for clean technology and create high-skilled jobs.
The Bank is also urging for a just and equitable energy transition that recognizes Africa's right to address its energy poverty, which leaves over 600 million people without electricity. This includes a balanced approach that integrates renewable energy sources while responsibly utilising transitional fuels like natural gas to power industrialisation.
The Bank also seeks to draw attention to Africa's biodiversity which is a key source of climate resilience absorbing harmful emissions. Afreximbank is committed to helping its member countries to monetise their biodiversity to further help its fight against the debilitating impact of climate change.
Furthermore, Afreximbank is showcasing its financial initiatives, such as the Afreximbank Trade Transformation Fund (ATTF) as one of its key vehicles for de-risking and financing green projects across the continent.
At COP30, the Bank's participation includes high-level dialogues, thematic panels, and side events, including activities at the African Pavilion and a planned session with Liberia on establishing a carbon markets authority.
Commenting on Afreximbank's participation at COP30, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank at Afreximbank, stated:
“Our mission at COP30 is clear: to ensure that Africa's voice is not only heard but heeded. Our approach is one of proactive transformation, adding value to our abundant minerals, powering our industries with a sustainable energy mix, and leveraging the AfCFTA to build resilient, integrated economies. We are leveraging our influence to mobilise Global African capital and demand a globally recognised and supported framework for our continent's just energy transition that ensures comprehensive climate action actively serves and reinforces Africa's ambitions for development and industrialisation.”
Distributed by APO Group on behalf of Afreximbank.Media Contact:
Vincent Musumba
Manager, Communications and Events (Media Relations)
Email: press@afreximbank.com
About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank's total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.
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