Driving Regional Energy Growth in Central Africa: African Energy Week in Cape Town Emphasizes Market-Driven Policies, Local Content Development, and an Enabling Environment

Driving Regional Energy Growth in Central Africa: African Energy Week in Cape Town Emphasizes Market-Driven Policies, Local Content Development, and an Enabling Environment

Through a series of high-level meetings with industry leaders and international oil companies in Leoncio Amada NZE, African Energy Chamber (www.EnergyChamber.org) Executive President for the CEMAC region, is driving a strong narrative on the role of regulation and an enabling environment in accelerating investment in Equatorial Guinea. By promoting African Energy Week (AEW) 2021 in Cape Town South Africa as the ideal platform whereby global and African stakeholders can network and collaborate, he is driving an Africa-focused narrative and pushing for a multi-stakeholder approach to attracting investment and establishing a competitive African market both Equatorial Guinea and the wider CEMAC region. The CEMAC region - which comprises Cameroon, Chad, the Central African Republic, Equatorial Guinea, Gabon, and the Republic of Congo – is richly endowed with multiple natural resources, in which a recent oil and gas boom has the potential to accelerate economic growth and alleviate energy poverty throughout the region. Despite comprising one of the richest areas on the continent – with existing production levels at 700,000 barrels of oil per day and 5 million tons of LNG per annum ­– the CEMAC region also remains one of the most challenging business environments in Africa, with red tape and