July 14, 2024
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IAE 2024: ARDA to Promote Downstream Investment Opportunities

This year’s Invest in African Energy (IAE) forum, is scheduled to hold in Paris on May 14-15. The African Refiners & Distributors Association, ARDA, will be represented by its Executive Secretary Anibor Kragha.

Kragha is expected to outline the sector’s investment needs and opportunities for global investors to engage in Africa’s downstream drive. Since his assumption of office as Executive Secretary in 2020, Kragha has has advocated for enhanced energy security on the back of new refining and distribution capacity across the continent.

Some of Africa’s largest crude oil producers – including Nigeria, Angola, Algeria, Egypt and Libya – are spearheading large-scale downstream projects, transforming their respective refining, transportation and marketing capabilities.

Event and Project Director at Energy Capital & Power, organizers of IAE 2024, Sandra Jeque, says, “ARDA’s participation at the IAE forum is poised to promote a greater understanding of the state of Africa’s downstream industry, offering insight into how the sector can improve access to new finance and technology.”

“With built-in local markets featuring unmet demand, Africa’s downstream presents considerable opportunities not only in financing and commissioning new facilities, but also upgrading existing infrastructures, which are currently being underutilized.” Jeque explained.

IAE 2024 is an exclusive forum, organized by Energy Capital & Power. It is designed to facilitate investment between African energy markets and global investors. The event offers delegates two days if intensive activities with stakeholders in the oil development industry.

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