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Originally published by The Standard BusinessDecember 30, 2025
4h ago
Why Africa's downstream sector is the next global investment frontier
The downstream sector is at a make-or-break moment. Population growth, industrialisation and urbanisation are pushing fuel and LPG demand to unprecedented levels...
⨠Key Highlights
Africa's downstream energy sector is poised to become a significant global investment frontier due to booming fuel and LPG demand driven by population growth, industrialization, and urbanization. However, this potential is currently hindered by regulatory fragmentation, infrastructure gaps, and financing hurdles, deterring crucial global investment.
- By 2050, Africa's crude oil consumption is projected to rise from 1.8 million barrels per day to 4.5 million barrels.
- OPEC estimates Africa needs over $100 billion (Sh12.895 trillion) in refining investment by 2050 to meet demand.
- Upgrading existing African refineries to meet cleaner fuel standards would require about $16 billion (Sh2.063 trillion).
- The African Refiners and Distributors Association (ARDA) is leading efforts to modernize the industry and attract global capital.
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