(3 Minutes Read)
Some of the world’s most prominent consultancy firms have confirmed their participation in the African Energy Chamber’s (AEC) G20 Africa Energy Investment Forum, set to take place on November 21 in Johannesburg.
Among the key speakers are Acha Leke, Chairman of McKinsey & Company Africa, and Simon Van Wyk, Director of Sustainability & ESG at Deloitte Africa. Both leaders are expected to deliver critical insights into Africa’s evolving energy landscape, exploring how international investors view the continent’s opportunities and outlining strategies to stimulate long-term investment across Africa’s energy sector.
Their participation comes at a pivotal moment, as Africa experiences accelerated economic and energy growth, supported by rising merger and acquisition (M&A) activity and continent-wide efforts to address energy poverty. Analysts expect this M&A surge to be driven by strategic shifts among global independents, international oil companies (IOCs), and local operators. Concurrently, new licensing rounds across various African nations are poised to attract significant capital inflows, spurring exploration and development in both mature and frontier basins.
As international players increasingly focus on Africa, consultancy firms with in-depth regional expertise—such as McKinsey and Deloitte—are positioned to play a vital role in facilitating transactions, enhancing investor confidence, and guiding businesses through the rapidly changing energy environment.
McKinsey & Company Africa has long been a trusted advisor to governments, national oil companies, and investors throughout the continent. The firm provides strategic counsel on industrial policy, infrastructure development, and energy transition planning, helping clients pursue a balance between sustainability, inclusion, and economic growth. McKinsey’s data-driven approach—rooted in advanced analytics and policy expertise—supports African nations in developing evidence-based pathways toward industrialization and energy diversification. Its commitment to transparency, competitiveness, and good governance continues to make African markets more appealing to global investors.
Deloitte Africa, on the other hand, remains a major player in strengthening the continent’s energy ecosystem through a comprehensive suite of services, ranging from audit and assurance to consulting, tax, and advisory offerings. Operating in 12 countries with a footprint across 17 and the capacity to serve all 52 nations, Deloitte is deeply engaged in helping clients navigate Environmental, Social, and Governance (ESG) imperatives. By aligning African operations with international sustainability standards, Deloitte empowers companies to thrive in a marketplace that increasingly values responsible and transparent investment.
According to NJ Ayuk, Executive Chairman of the AEC, “Improved market intelligence and better risk assessment are reshaping how investors perceive Africa’s oil and gas opportunities. For years, outdated data exaggerated Africa’s risk profile. Firms like McKinsey and Deloitte are correcting that narrative—offering accurate insights, advanced analytics, and robust governance models that reveal Africa as a dynamic, high-potential investment destination. Through transparency and data-driven decision-making, they are unlocking the capital Africa needs to develop its resources sustainably and competitively.”
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https://trendsnafrica.com/niec-2023-scales-up-with-patronage-of-african-energy-chamber-aec/
As Africa emerges as a central player in global energy diversification, collaboration with strategic advisors such as McKinsey and Deloitte will be indispensable. Their expertise in risk management, policy innovation, and ESG alignment will help ensure that Africa’s oil and gas growth story is not only financially rewarding but also sustainable, inclusive, and aligned with global energy transition goals.
