Last week, Mozambique oil and gas industry executives from across Africa met n Mozambique to discuss challenges and opportunities on the resource-rich continent.
The event, “Oil and Gas Summit Africa,” notes that new finds in Mozambique, Kenya and Tanzania are attracting foreign investors and spurring talk of an energy boom on Africa’s eastern coast, reports The New Zealand Herald. Energy industries in Ghana and Uganda are also on the upswing.
While economic and political uncertainty, along with fluctuating energy prices and poor infrastructure, has hurt growth in the past, a commodities boom and more investment have helped African growth.
Representatives from leading energy producers on the continent, including Algeria, Angola and Nigeria, are attensed the three-day conference.