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Africa holds a vast array of energy resources, yet more than five‑hundred‑million people remain without electricity. The continent contains about one‑hundred‑twenty‑five billion barrels of proven crude oil, with Libya and Nigeria accounting for nearly seventy percent. Natural gas reserves total almost eighteen trillion cubic metres, dominated by Nigeria and Algeria. Critical minerals such as cobalt and manganese, essential for electric‑vehicle batteries, are largely sourced from the Democratic Republic of the Congo and South Africa. While investment in oil, gas, and renewable energy is rising, only four percent of global energy supply funding reaches Africa, leaving a substantial rural electricity deficit. The African Energy Week in Cape Town seeks to bridge this gap by attracting investors and fostering energy finance. The conference, running until October sixteenth, highlights the need for sustainable development and the end of energy poverty across the continent.

By Marcus E. | JQJO News