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Oil and gas Finance and energy experts have said there are options that might enable Africa to finance oil and gas projects despite campaign against fossil fuels. The experts also emphasized the need to focus on cleaner, harmonised fuel specifications as well as environment, social and governance (ESG) considerations to reduce the looming public health and environmental impacts on Africa’s citizens while boosting cross-border trade of petroleum products under the implementation of the African Continental Trade Agreement (AfCFTA). The African Refiner and Distributor Association (ARDA), which brought the stakeholders together at a virtual sustainable financing workshop, noted that moving Africa away from cooking with firewood and charcoal to modern fuels would cost the continent about $7.5 billion.

United arab emiratesAnibor kraghaRichard eganRene awambengGuillaume quigiverBusiness development experts for vitol services ltdCredit investment fundInternational energy agencyDistributor associationAfrican energy transition planDevelopment finance institutions dfisUn sustainable development goals sdgsAfrica finance corporation shayo olumideEuropean investment bankAfrican continental trade agreementAfrican refiners