US President Donald Trump’s renewed push for fossil fuels is opening fresh energy opportunities for African nations rich in natural resources. His administration’s rollback of financing restrictions on oil and gas has unlocked crucial financing, encouraging US investment in Africa’s underdeveloped oil and gas sectors. This new pragmatism was palpable at the recent African Energy Week in Cape Town, where countries like Senegal and Equatorial Guinea actively sought partners to expand production. However, capitalizing on this window requires decisive action from African governments. To attract sustained investment, they must overcome persistent challenges like regulatory uncertainty and infrastructure gaps. While the global transition to cleaner energy continues, this period offers a valuable chance for resource-rich nations to monetize their reserves, fuel economic growth, and work towards alleviating energy poverty.
SEMAFOR
