Natural gas is like a child with the silver spoon of the energy world, promising great future. Africa at present occupies a very small chunk of Natural Gas production but is expected to lead the world in next few decades. over the last few decades series of major gas reserve discoveries in Mozambique and Tanzania have a relight the interest in the expansion of continent’s gas reserves. It is worth noting that these regions were previously not notable for their contribution to oil and gas industry. Africa’s main gas producers are Algeria, Nigeria and Egypt. these countries account for 90% of continent’s gas production. Regionally North Africa holds the lion share in the gas production and consumption. With Algeria,Egypt and Libya having the largest gas reserves. Over the years, East Africa has become most attractive gas exploration hot spot. Mozambique and Tanzania’s substantial offshore gas reserves offer the potential to become prominent LNG( Liquefied Natural Gas) exporters in the coming decades. The East Africa Gas market is expected to attract investment worth 10 billion$ in coming decades. Notably, the government is taking steps to create incentives for energy companies to explore specifically the natural gas segment. Africa Financial Corporation has commissioned to disburse an initial investment of 75 million US$ in NewAge Ltd- a privately held oil and gas exploration company, to enable it to develop projects in Nigeria, Republic of Congo and similar other African countries. And the corporation is also taking initiatives to mobilize around 2bn$ of investment as a sponsor, advisor or lender to natural resource projects. Similarly steadily rising offshore exploration is giving an indication that the continent is becoming and attractive natural resource investment destination among the international companies. African government who are well managing their regulatory and business environment are expected to attract more of such investment in near future.

Oil refining is another segment where investments are seen to be floating. Being the among the biggest oil reserve countries, Africa’s refining capacity is limited. Investments in this segment is seen to be floating across construction of new refineries and refurbishment of the existing one. African government has promised to revive four major state-owned refineries and also to increase their capacity in the coming decades. These things point towards bigger opportunities for construction of oil refineries in countries like Angola and Nigeria. Many of the private companies are stepping in to build and operate their own private refineries. Dangote- an oil refining company has received an investment of 99.7 million US$ to increase the domestic capacity of the refineries in Nigeria. The company has also signed a loan agreement with both Local and International banks to tune in 3.3bn $ for construction of biggest Petroleum oil refinery and Petrochemicals and Fertilizer plants in Nigeria. Similarly many oil refineries construction tenders are floated by the government from time to time reflecting opportunities for high-tech capital intensive projects that may give competitive edge to the foreign companies looking to tap the market.

The sources of Oil and Gas are evolving and will continue to. The countries leading the oil and Gas production should continue to offer both National and International companies attractive investment opportunities which may help foster competition, efficiency and capabilities. Government must also find new ways to leverage its resource sector to capitalize on GDP growth.

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The Expertise and Local Presence in all countries in Africa helps Businesses with mapping, identification and connecting local and international companies to do business together. It provides professional services including extensive business engagement support through project consortium, bid facilitation outsourcing, eProcurement Platform and Project Execution Support which are essential part of business expansion.

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The funding agencies like  AFDB (African Development Bank), EU, World Bank, IMF (International Monetary Fund) and WTO (World Trade Organization) are the reasons behind the development and growth prospects which the countries in Africa have witnessed over past few years.

The African Development Fund contributes to poverty reduction and economic and social development in the least developed African countries by providing concessional funding for projects and programs, as well as technical assistance for studies and capacity-building activities. The Fund has cumulatively invested UA 29.4 billion (USD 45 billion) over 40 years in the African continent. The Fund’s resources are replenished every three years by its donor countries.

The World Bank focuses on poverty reduction and the improvement of living standards worldwide by providing low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, and communications, among other things. The World Bank works in over 100 countries.

International Monetary Fund (IMF) fosters economic growth and employment by providing temporary financial assistance to countries to help ease balance of payments adjustment and technical assistance. The IMF currently has $28 billion in outstanding loans to 74 nations.

Africa gateway helps companies from other countries like India, Europe, Middle East and US countries for partnership and joint venture with local African countries. Along with the excellent quality of work delivered through a team of professionals, you can find all tenders related to every sector, countries in Africa from Funding agencies, NGO’s and International entities.

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