Oil & Gas

Gulf nations, led by members of the Gulf Cooperation Council (GCC), are set to invest approximately $6 billion into African energy projects in the coming weeks. The investment will span both renewable energy initiatives and traditional oil field developments, reflecting a strategic move to diversify energy portfolios and deepen economic ties with the continent.

Africa’s growing energy demand and untapped potential have made it an attractive destination for Gulf investors. Key beneficiaries are expected to include countries like Nigeria, Kenya, Egypt, and South Africa. The initiative aims to boost energy access, support industrial growth, and strengthen long-term cooperation between Africa and the Gulf region in both conventional and clean energy sectors.