Five nations account for 70% of continent’s energy investment
At just 3.3% of global energy capital, Africa’s share remains low
Emmanuel Addeh in Abuja
Africa’s total energy investment is projected to reach $110 billion in 2026, with Nigeria remaining one of the continent’s largest investment destinations despite a prolonged decline in upstream spending among its biggest oil and gas producers, the International Energy Agency (IEA) has said.
In its World Energy Investment 2026 report, the IEA said although investment across Africa is expanding, the continent continues to attract just 3.3 per cent of global energy investment despite accounting for about 20 per cent of the world’s population.
