Leading consultancies have joined the African Energy Chamber (AEC)’s G20 Africa Energy Investment Forum to be held in Johannesburg on 21 November. Acha Leke, Chairman of McKinsey & Company Africa, is expected to shed light on Africa’s evolving energy landscape, exploring how global investors perceive Africa’s opportunities and strategies to advance investments across the continent.
Their participation comes as Africa enters a period of rapid growth driven by increased mergers and acquisitions (M&A) activity and continent-wide efforts to alleviate energy poverty. Increased M&A activity is expected to be driven by strategic realignment among global independents, international oil companies, and indigenous operators. At the same time, a series of upcoming licensing rounds are expected to attract new investment across the oil and gas market, increasing spending in both mature and frontier basins. As international companies shift their focus to the continent, consultancies with a deep understanding of the market are expected to play a role in facilitating deals, instilling investor confidence and supporting companies as they navigate the changing dynamics of the industry.
McKinsey & Company Africa has a long history of advising governments, national oil companies and investors across Africa, providing strategic guidance on industrial policy, infrastructure and energy transition planning. The firm helps clients pursue sustainability, inclusion and growth, closely aligned with Africa’s broader goals of driving energy transition and strengthening energy security. By integrating robust analytics and policy insights, the company helps African governments create data-backed pathways to industrialization and energy diversification. Its efforts highlight the importance of transparency and competitiveness in making African markets more attractive to global financiers.
“Improved market intelligence and clearer risk perceptions are changing the way investors view Africa’s oil and gas markets. For too long, outdated assumptions and incomplete data have exaggerated Africa’s perceived risk profile. Companies like McKinsey are changing that narrative and investing We provide insights, analytics, and governance frameworks that enable investors to understand the continent for what it is: dynamic, high-return opportunities. By driving transparency and data-driven decision-making, they are helping Africa unlock the capital it needs to develop Africa responsibly and competitively.” said NJ Ayuk, AEC Executive Chairman.
The continent’s location at the center of global energy supply diversification makes collaboration with strategic advisors such as McKinsey and others essential. Their insights on risk management, policy innovation and ESG alignment will help ensure Africa’s oil and gas growth story is not only profitable, but also sustainable and inclusive.
Click here to register for the forum.
