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