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Launch of the American Energy Forum in Africa 2021: promotes the role of the United States as a leading investor in African energy

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Launch of the American Energy Forum in Africa 2021: promotes the role of the United States as a leading investor in African energy

The US Africa Energy Forum 2021 – hosted by Africa Oil & Power, in partnership with the US-Africa Committee of the African Energy Chamber – will promote alignment between the energy policies of the US and African governments and highlight African oil, gas, power and renewable energy projects across the energy value chain for US investors; the multi-day forum brings together U.S. and African policymakers, energy executives and industry leaders to forge new connections and foster discussions that lead to long-term policy development and execution of projects; the two-day in-person summit and gala dinner will be held in Houston, TX (October 4-5, 2021) and an online seminar and in-person networking event will be held in Washington DC (July 12).

Africa Oil & Power (AOP) (www.AfricaOilAndPower.com) and the African Energy Chamber are delighted to announce the launch of the first-ever American Africa Energy Forum (USAEF). This event aims to create deeper US-Africa cooperation on energy policy, achieve alignment with long-term sustainability goals, stimulate greater US investment in African oil sectors, gas and electricity, and to engage and reposition the United States as the primary partner of choice for African energy developments.

Under the theme “New Horizons for US Energy Investment in Africa”, the forum will explore various foreign investment and export opportunities across the continent, including natural gas as a vital fuel for energy transition; battery energy and mineral storage; Africa’s place in global energy supply chains; the benefits of the African Continental Free Trade Area; the evolution of energy technologies and their relation to the future role of petroleum resources; and electrical developments on and off the grid.

An online seminar and in-person networking event will be held in Washington DC on July 12, 2021, as a follow-up to the American Energy Forum for Africa summit and gala dinner, to be held in Houston, Texas, October 4 and 5. , 2021. Africa Oil & Power and the African Energy Chamber invite all US-based companies wishing to engage with African industry leaders and project developers to attend the summit of the ‘USAEF in Houston.

This initiative comes at an important time in American-African relations. The Biden administration’s announcements of its intention to proactively build a stronger partnership between the United States and Africa coincide with the fact that African projects are attracting increasing interest from American businesses and institutions. credit. The USAEF event is therefore dedicated to enabling a dialogue between its participants that advances these developments.

“Our mission has always been to harness the resource potential that Africa has to offer while showing its growing preference for sustainable energy policies and technologies. To this end, we hope it becomes clear that Africa does not just want investment capital: it wants smart capital and an accompanying partnership with investors, ”said James Chester, Senior Director of Africa Oil & Power. “The US Africa Energy Forum represents the first opportunity of its kind to catalyze US participation in Africa’s energy transformation – through technology, political support, capital injection and skills development – and spins a new page in the chapter on global energy investment. ”

In partnership with the United States-Africa Committee of the African Energy Chamber, AOP will introduce American businesses to African opportunities and advance a long-term sustainable investment agenda in African energy and other sectors through American organizations.

“The increase in US support to the continent is a credit to Africa itself, which is increasingly seen as a preferred destination for global investors, multilateral bodies and credit bureaus. export, ”said Jude Kearney, President of Kearney Africa and former Deputy Assistant Secretary. for service industries and finance at the United States Department of Commerce during the Clinton administration. “Africa continues to have a healthy share of global FDI in the oil and gas industries. This has shown for decades that investing in these sectors is favorable compared to other jurisdictions and can be successful with many measures. Even as Africa and the rest of the world grapple with a global pandemic, Africa’s energy sector is demonstrating vitality and resilience – not only in hydrocarbons, but in terms of new opportunities in mining, the liquefied natural gas and agriculture.

African governments and private sector sponsors of African energy projects greatly appreciate the combination of investment and partnership that American investors famously convey. The USAEF seeks to enable fruitful partnerships among its participants so that the energy development objectives of American investors and strategic partners and their African counterparts can be achieved.

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