Bankability Drives Africa Energy Deals
June 19, 2026In Africa’s energy sector, the determining factor for project success is no longer resource availability but bankability. Projects are increasingly assessed not by geological promise alone, but. . .
June 19, 2026In Africa’s energy sector, the determining factor for project success is no longer resource availability but bankability. Projects are increasingly assessed not by geological promise alone, but by their ability to attract structured financing, with financiers and legal architects now occupying a central role in determining which developments move forward. This structural shift will define discussions at African Energy Week (AEW) 2026, where senior investors, fund managers, and energy lawyers are expected to focus on a core challenge: converting energy projects into financeable, investment-ready opportunities. Capital mobilisation remains the sector’s most persistent constraint. René Awambeng, Founder and Managing Partner of Premier Invest, is among the key voices addressing this challenge. Having mobilised over $10 billion for African energy projects and previously served as Global Head of Client Relations at Afreximbank, Awambeng has built a career around structuring financing mechanisms that connect African assets with global investors. At AEW 2026, he is expected to highlight ongoing efforts to channel capital from Gulf-based and international partners into African energy developments. Blended finance instruments are also expanding the funding landscape for transition projects. TheSA-H2 Fund, a $750 million facility managed by Climate Fund Managers in partnership with Invest International, is developing green hydrogen and e-fuels pipelines across Southern Africa. In May 2026, the fund backed South Africa’s first wastewater-to-green-methanol project in Gauteng, following earlier commitments to the Hive Hydrogen Coega green ammonia initiative. CEO Mphokolo Makara will present the fund’s expanding portfolio at AEW 2026. Bankability Drives Africa Energy Deals. “Capital does not flow to potential, it flows to bankable structures. When financiers and lawyers who understand African markets design the deals, projects reach final investment decisions faster and on better terms,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. Legal structuring is also becoming a decisive factor. Tominiyi Owolabi, Managing Partner of Olaniwun Ajayi LP, has advised on major transactions including the $3 billion hybrid financing for NigeriaLNG’s Train 7 project, reflecting the growing influence of African legal expertise in complex energy deals. International firms are deepening their involvement as well. Deji Adegoke of White & Case continues to advise lenders and development finance institutions across oil, gas, and power transactions, including Renaissance Africa Energy’s acquisition of Shell’s onshore Nigerian assets. Meanwhile, John Ngunjiri of Norton Rose Fulbright brings nearly two decades of infrastructure experience, including work with ExxonMobil, with a focus on aligning African deals with global financing standards. AEW 2026, scheduled forOctober 12–16 in Cape Town, will bring these stakeholders together to translate discussions on bankability into actionable financing structures that shape Africa’s next energy investment cycle. Temitope is a storyteller driven by a passion for the intricate world ofgeopolitics, the raw beauty ofwildlife, and the dynamic spirit ofsports. As both awriterandeditor, he excels at crafting insightful and impactful narratives that not only inform but also inspire and advocate for positive change. Through his work, he aims to shed light on complex issues, celebrate diverse perspectives, and encourage readers to engage with the world around them in a more meaningful way. Share the Story#AEW2026African Energy Week (AEW)CapetownRead more