1、AFRICA ENERGY 2024Pre-Release EditionPowering Progress Addressing energy security across AfricaEnergy use and development in Africa varies widely across the continent.Some African countries export energy to neighbors or the global market,while others lack even basic infrastructures or systems to acq

2、uire energy,while others are simultaneously huge energy exporters but suffer from energy poverty.According to the World Bank,over 900 million Africans lack access to clean cooking fuels and over half a billion people in sub-saharan Africa are at risk of being left behind without electricity access b

3、y 2030.The continent is rich in crude oil,natural gas,sun and wind resources,indicating that there are many possible solutions to this problem,and each of Africas 54 countries has taken a different approach to tackling the issue.At the 2024 Sub-Saharan Africa International Petroleum Exhibition and C

4、onference(SAIPEC)in Lagos,Omar Farouk Ibrahim,the secretary general of the African Petroleum Producers Organisation(APPO)kicked off with an impassioned speech,rallying the ministers,CEOs of national oil companies,executives and oil and gas industry professionals in attendance to pursue hydrocarbon e

5、xtraction for the economic benefit of Africans everywhere,regardless of the pressure to abandon fossil fuels being applied from the West.The speech was met with a standing ovation a clear indication that Africas energy leaders have no intentions of slowing down oil and gas production anytime soon.AP

6、PO and the African ExportImport Bank(Afreximbank)recently inked an agreement to establish an Africa Energy Bank(AEB)in Brazzaville this year to fill the financing gap for oil and gas projects in Africa.Due to increasing global pressure on global financial institutions to cut funding for fossil fuel