A New African Energy Boom Is Underway

Several countries across the African continent are rapidly expanding their energy industries thanks to several factors. Firstly, many oil and gas giants are investing heavily in untapped fossil fuel regions across Africa as they strive to diversify their portfolios and produce more ‘low-carbon’ oil. Secondly, several high-income countries and multinational energy players are now investing in Africa’s renewable energy market, with multiple hydropower, wind and solar power, and hydrogen projects emerging across the continent. Thirdly,…