Weekly Newsletter - African Business

Oil and gas exploration pushes forward in Africa

Many African countries are understandably keen to exploit their fossil fuels. For centuries, the rich world has done just that – and reaped the economic benefits.

But the?international funding landscape is changing dramatically, as investors lose interest?in fossil fuels. In early May of this year Standard Chartered Bank announced it would?not be financing the East African Crude Oil Pipeline, a 1,443km insulated pipeline that will transport Ugandan crude from Kabaale to Tanga Port in Tanzania.

Can Africa avoid ending up with "stranded assets" – expensively developed oil and gas fields which face constant devaluation?

Frontier exploration?is still shaping investment in Africa, even as oil companies divest from mature assets. With billion-barrel reserves still showing up in previously undeveloped regions such as Namibia, the focus on newer oil and gas provinces will continue to drive companies towards Africa.

David Thomas, Editor, African Business Magazine

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July

In the July issue of?African Business,?out now,?we?take a comprehensive look at the state of energy in Africa.

Find out about Africa's prospects for capitalise on?clean energy technologies.

Read?exclusive interviews?with some of the industry's most influential personalities.

And don't miss our regular opinion columns from some of Africa's foremost?thought leaders.

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