Forvis Mazars Expands Across Africa, Joins African Energy Week (AEW) 2025 as Gold Partner
As a Gold Partner of this year's African Energy Week (AEW): Invest in African Energies conference, the firm plays a key role in enhancing corporate governance, boosting project bankability and facilitating long-term investment in Africa's energy market. AEW 2025: Invest in African Energies will take place from September 29 to October 3 in Cape Town under the theme Positioning Africa as the Global Energy Champion.
In Nigeria, Forvis Mazars recently launched a $5 billion global financial advisory firm in Lagos, creating a gateway to world-class financial services to support local project development. In Zimbabwe, the firm opened operations amid the country's second gas discovery at the Mukuyu-2 well, aligning with upstream sector growth. Meanwhile, new offices in Ouagadougou, Burkina Faso reflect the firm's strategic focus on West Africa's booming energy sector, as projects such as Senegal's Sangomar oilfield and the Greater Tortue Ahmeyim LNG terminal – straddling the maritime border between Senegal and Mauritania – gain momentum.
Forvis Mazars supports energy stakeholders with end-to-end financial advisory services that unlock value at every stage of the project lifecycle. From audits for LNG ventures to advising on energy taxation in oil-rich regions, the firm combines deep regional knowledge with global standards of excellence. Its role in Africa's energy market is expected to grow alongside increasing demand for transparent, sustainable and compliant financial practices.
As a trusted advisor to governments, developers and multinationals, Forvis Mazars has become a critical enabler of energy investment and economic development. Its participation as a gold partner at AEW 2025: Invest in African Energies highlights the firm's pivotal role in shaping Africa's energy landscape through rigorous financial guidance, capacity building and private sector support.
'Forvis Mazars' participation as a gold partner at AEW 2025 underscores the vital role financial expertise plays in accelerating energy development across Africa. Their presence strengthens the bridge between global investment standards and local project execution, ensuring transparency and long-term value creation. We are proud to welcome a partner so deeply committed to Africa's energy future,' said NJ Ayuk, Executive Chairman, African Energy Chamber.
Distributed by APO Group on behalf of African Energy Chamber.
About African Energy Week:
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Zawya
an hour ago
- Zawya
Société Africaine de Raffinage (SAR) Director General to Speak at African Energy Week (AEW) 2025 Following Landmark Senegalese Oil Refining Milestone
Mamadou Diop, Director General and CEO of refinery company Société Africaine de Raffinage (SAR) will participate as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place on September 29 to October 3 in Cape Town. His participation comes after a historic breakthrough for Senegal's energy sector as SAR recently successfully refined locally produced crude oil – marking a major leap forward in energy sovereignty and industrial growth. In February 2025, SAR successfully refined domestically produced crude oil from the offshore Sangomar field for the first time, processing 650,000 barrels and generating 90,000 tons of petroleum products including diesel, kerosene, gasoline and butane gas. This major milestone is expected to significantly advance Senegal's strategy to strengthen energy security, reduce dependence on imports and optimize the local value chain. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. With plans to scale up operations, the company recently launched the SAR 2.0 initiative and signed an agreement with China's Sedin Engineering in September 2024 to explore the construction of a second refinery and petrochemical plant. The new facility is expected to increase the country's refining capacity from 1.5 million to 5 million tons per year, helping meet local demand while creating new export opportunities to neighboring West African countries. SAR has also strengthened ties with upstream partner Woodside Energy, with both companies exploring a long-term refining partnership to support increased crude processing. Through the partnership, the SAR refinery adapted its facilities to handle Sangomar crude and continues to implement upgrades to meet AFRI 6 fuel specifications and diversify into petrochemicals. The expansion enables SAR to process a 75/25 blend of Senegalese and Nigerian crude oil, positioning the company to meet up to 75% of domestic fuel demand. Driven by the development of the 100,000 barrel-per-day Sangomar oilfield and the 2.3 million ton per annum Greater Tortue Ahmeyim LNG project, Senegal has emerged as a burgeoning regional petroleum hub in West Africa. In response to growing energy demand and infrastructure gaps, SAR is implementing a bold transformation strategy to expand refining capacity and meet 100% of domestic fuel needs by 2030. Backed by ongoing discussions with multilateral financial institution the African Export-Import Bank to secure $500 million in syndicated financing, the upgrade will include the construction of a petrochemical complex aimed at reducing reliance on imported products and fostering industrial growth. 'Diop's leadership has been instrumental in unlocking Senegal's refining capabilities and in driving the country's transition from a crude exporter to a fully integrated energy producer. His participation at AEW 2025 will spotlight how local refining capacity can catalyze broader industrial development across the continent,' states Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.


Arabian Business
3 hours ago
- Arabian Business
OPEC forecasts $10.6tn in oil investments by 2040 to secure global energy stability
The Organisation of the Petroleum Exporting Countries (OPEC) warns that the oil sector will need $10.6tn in new investments by 2040—and up to $18.2tn by 2050—to meet rising global demand and maintain market stability, according to its 2025 World Oil Outlook (WOO). OPEC Secretary-General Haitham Al Ghais stresses that while transitioning to cleaner energy remains essential, the world must also shore up oil and gas infrastructure. He said that safeguarding energy security and achieving climate objectives will depend on balanced policies that cover all energy sources and technologies. He highlights the need to strengthen efforts in low-carbon solutions and to expand carbon capture, utilisation and storage (CCUS) under a circular-economy framework. Opec oil demand forecasts Key drivers shaping the next two decades include: Rising demand in non-OECD Asia: Oil consumption outside the OECD—led by Asia, notably China—is projected to increase by 21.4 million barrels per day by 2040, driven largely by petrochemicals and aviation Carbon capture and low-carbon solutions: OPEC calls for accelerated investment in carbon capture, utilisation and storage (CCUS) as part of a circular-economy approach to minimize emissions. US shale plateau: Unconventional production is expected to peak by the mid-2020s before declining, creating new market space for traditional producers.


Gulf Business
3 hours ago
- Gulf Business
Abdulla Mubarak Nasser Al Khalifa
Under the leadership of Abdulla Mubarak Nasser Al Khalifa, QNB operational efficiency and competitiveness, while playing a crucial role in diversifying the regional economy. These strategic advancements have ensured the bank remains at the forefront of the financial services industry. QNB was named Qatar's 'Best Private Bank' and Qatar's 'Best for UHNW (ultra-high net worth) in the 2025 Euromoney Private Banking Awards, further strengthening its leadership in the private banking sector. These prestigious accolades underscore QNB's unwavering commitment to delivering world-class private banking solutions tailored to the evolving needs of its high-net-worth clients. The awards also reflect the strength of QNB's wealth management offerings, its comprehensive advisory services, and the deep expertise of its relationship managers. Steadily steering toward becoming one of the largest financial institutions in the Middle East and Africa (MEA) region, QNB Group announced its results for the three months ended March 31, under the guidance of Al Khalifa. Net profit for the period reached QAR4.3bn ($1.2bn), a 3 per cent increase compared to the same period last year. Net profit before the impact of Pillar Two Taxes reached QAR4.6bn, reflecting an 11 per cent increase from March 2024. Operating income rose by 6 per cent to QAR11bn, demonstrating the group's consistent ability to generate diversified revenue growth. As of March 31, total assets stood at QAR1,324bn, up 7 per cent from the previous year, primarily driven by a 9 per cent increase in loans and advances to QAR947bn. Customer deposits rose 6 per cent year-on-year to QAR930bn, supported by the group's successful deposit diversification strategy. QNB group's efficiency ratio (cost to income) remained strong at 22.7 per cent, among the best in the MEA region for large financial institutions. Under Al Khalifa's leadership, QNB group's sustainable finance portfolio has grown to over $9bn, encompassing green, social, and sustainability-linked transactions that deliver meaningful environmental and societal benefits. The group has issued $1.1bn in sustainable bonds, and earlier this year, QNB played a leading role as key coordinator in Qatar's first sovereign $2.5bn green bond issuance. Within its own operations, the bank has achieved an impressive 48 per cent reduction in greenhouse gas emissions since 2017.