Capital demands African regulatory stability
Financial fundamentals and sustainability considerations will also be key to attracting the project financing required to develop recent discoveries
African governments must implement investor-friendly measures and stick to their commitments if they are to attract international capital and develop the recent wave of huge discoveries across the continent to their full potential. “Country stability and the regulatory environment that we operate in [within] a country, as well as a proper oil development framework, must be part and parcel of it,” said Shirley Webber, managing director and head of natural resources at African financial services firm Absa Group, on a panel discussing capital raising for transformative projects, at Africa Oil Week on Thursday. “It is very important for countries to ensure that there is a stable environment, for
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy