The annual energy networking event, African Energy Week (AEW), organised by the African Energy Chamber (AEC) has announced this year’s AEW to take place in Cape Town from October 18th to 21, 2022.
Prioritising investment, with the conference representing the official meeting place for global and African energy financiers, this edition of the event will showcase the best of what African energy has to offer through innovative exhibitions; host unique networking sessions where investors can be introduced to African opportunities, and provide key meeting forums where deals will be signed that will transform the African energy sector.
AEW believes Investments is essential if Africa wants to eradicate energy poverty by 2030.
In its African Energy Outlook 2022, the International Energy Agency emphasizes that in order to meet electrification goals, Africa needs $25 billion in annual investment directed towards a myriad of resources including oil, gas and renewables.
Despite the energy transition reducing capital expenditure for fossil fuels, capital is still available and growing, largely due to global supply disruptions owing to the Russia-Ukraine conflict. As such, Africa is gaining significant attention from global financiers, and having ensured enabling environments for investment, many resource-rich countries are set to witness a new era of investment and development.
During this year’s edition, delegations from leading African organizations including the African Export-Import Bank, the African Development Bank, the African Finance Corporation, Standard Bank and the African Energy Investment Corporation, as well as global organizations including the World Bank will be driving discussions.
With many countries across the continent targeting universal access to electricity by 2030, significant levels of investment are needed to ensure electrification objectives are met, socioeconomic growth prioritized, while climate change mitigation is pursued. Accordingly, through a dedicated finance summit and investor-driven forums, the conference places specific emphasis on capital, serving as the perfect platform for investors to sign deals, form partnerships and collaborate with a suite of public and private sector project developers. During this year’s edition, delegations from leading African organizations including the African Export-Import Bank, the African Development Bank, the African Finance Corporation, Standard Bank and the African Energy Investment Corporation, as well as global organizations including the World Bank will be driving discussions.
About Africa Energy Week
African Energy Week (AEW) is the African Energy Chamber’s (AEC) interactive exhibition and networking event, established in 2021, that seeks to unite African energy stakeholders, drive industry growth and development, and promote Africa as the destination for African-focused events.
