Africa Energy Week deals reach $10bn, but delegates want jobs too
From Angola's oil assets to Senegal's gas, Cape Town's energy conference has produced billions in deals. Participants say the resources must also build industries and employment.
Cape Town — Africa Energy Week in Cape Town has already produced deals worth $10 billion, Verner Ayukegba, senior vice-president of the African Energy Chamber, told Africanews.
Examples he gave
- In Angola, EduEnergias is taking over legacy assets previously held by Chevron.
- In Senegal, significant gas announcements were made.
- In Nigeria, AMNI's activity is expected to bring more gas to the Train 7 LNG project.
- A Morocco-Nigeria pipeline would need investment well beyond $10 billion.
Beyond the deals
Participants said oil and gas agreements are not enough on their own, and that Africa's resources should create jobs and growth. One speaker suggested building more data centres, given the region's gas supply and energy demand, and argued that related industries could help bring down unemployment.
Environmental campaigners opposed to new oil and gas exploration have protested at the five-day conference.
Source: Africanews, 15 October 2026.
