Oil & Gas
The Oil & Gas Sector is essential for driving economic growth, attracting foreign investment, and generating revenue to support infrastructure development and poverty alleviation initiatives in Africa.
The Oil & Gas sector in Africa faces numerous challenges that hinder its full potential. Volatility in global oil prices creates uncertainty and impacts revenue stability for resource-dependent economies. Infrastructure deficits, including inadequate pipelines, refineries, and storage facilities, limit efficient production and distribution. Regulatory and governance issues, such as corruption, inconsistent policies, and weak institutions, deter investment and undermine transparency. The sector also struggles with skills shortages, as many countries lack a sufficiently trained workforce to support advanced operations. Additionally, environmental concerns and community tensions over resource management often lead to conflicts and disruptions. High capital requirements and limited access to finance also prevent small and medium enterprises from participating in the value chain. Furthermore, the global shift toward renewable energy poses long-term challenges, as countries must balance short-term benefits from oil and gas with sustainable energy transitions. |
ACLAIM helps address these challenges through:
- Providing Fiscal Agency services to manage oil and gas funds on behalf of foreign investors and ensuring proper accountability;
- Providing Outsourced Procurement Services to streamline procurement processes across the value chain;
- Developing Strategic Plans that include cost-reduction strategies for sector players; and
- Conducting Business Trainings to equip business owners to participate meaningfully in the economic development of the sector; among many others.
Please refer to the various ACLAIM Capabilities for the services offered to the Oil & Gas Sector and to ACLAIM Insights for some of our lessons and experiences.