Africa: Officially Open for Business
Africa is officially open for business. Regulatory policies and institutional restructuring across the continent have not only opened current and emerging markets to international participation and investment, but have essentially enhanced the competitiveness of the continent. With the aim of creating enabling environments for investment, introduced policies have, in a short space of time, significantly improved the ease of doing business in Africa.
Notable regulations include Nigeria’s implementation of the Petroleum Industry Act – a comprehensive framework comprising 16 petroleum laws aimed at enhancing the sector’s attractiveness to international investors; Senegal’s new Petroleum Code signed into law in 2019; and the Angolan government approving the National Agency of Petroleum, Gas and Biofuels to handle oil and gas exploration and production activities. On the gas front, policies and initiatives include Nigeria’s Decade of Gas initiative, the Republic of the Congo’s Gas Master Plan and Equatorial Guinea’s Gas Mega Hub initiative.
Against a backdrop of an improved business environment, ECP’s events will offer insight into emerging opportunities and operating landscapes while offering policy foreknowledge and regulatory oversight. For so long, the continent has been considered risky and unfavorable for foreign players, however, ECP’s events refute these concerns, providing stakeholders with the knowledge they need to make informed decisions and drive business in Africa.
Promoting Multilateral Partnerships
ECP’s events serve as the official networking platforms for the African energy sector. Centered on engagement, these events offer stakeholders the unique opportunity to meet and connect with ministerial representatives, energy professionals, financiers as well as public and private executives from both the regional and international sector. For international stakeholders, ECP’s events represent the official forum to be directly introduced to African opportunities, with networking forums providing a base for partnerships and multilateral cooperation.
Meanwhile, for African stakeholders, ECP’s events represent the ideal platform to forge regional partnerships and drive intra-African trade. With the African Continental Free Trade Agreement implemented in January 2021, African stakeholders have a new, unique opportunity to expand business across the entire continent. Serving as the official meeting place for African energy players, ECP’s events promote growth, partnerships and cooperation, providing delegates the unmissable opportunity to develop African energy collaboratively.
Interested in doing business in Africa? visit www.energycapitalpower.com for more information on how you can expand your footprint across the African energy sector.