Industry leaders at the Wider African Energy Summit (WAES) have stressed that Africa’s energy transition must shift from relying on external aid to building investor confidence and delivering bankable projects capable of driving sustainable growth. The summit, held in Aberdeen in partnership with the African Energy Chamber, brought together UK and African stakeholders to discuss practical pathways for the continent’s energy future.

With Africa’s energy demand projected to increase fourfold by 2040, speakers emphasized that the continent’s transition requires a different approach from developed nations. Johann Jansen Rensburg, Director for Sub-Saharan Africa at global energy technology firm NOV, said the priority should be creating policies and investment environments that unlock capital rather than seeking financial assistance.

“It’s all about building confidence and providing bankable projects. Everyone knows that Africa has the resources. Investors are looking for clear policies and investor-friendliness. Africa does not need charity: it needs confidence,” Rensburg noted.

He added that Africa faces a unique challenge: not reducing energy usage, but addressing energy poverty while supporting industrial and economic expansion. “The energy transition in Africa must balance reliable access, economic growth and sustainability. The future of Africa is energy addition, rather than substitution,” he said.

Tanmay Sarkar, Global MWS Lead at Global Maritime, echoed the sentiment, calling for localized solutions tailored to the continent’s realities. “There is no fit-for-all solution. We need to understand local requirements. Africa needs energy addition,” he said.

Speakers also highlighted the role of technology companies in enabling Africa to grow its energy capacity while integrating lower-carbon solutions. With strong expertise in oil and gas operations, such firms can build bridges toward renewable energy development, incorporating natural gas and new technologies to improve efficiency and support transition goals.

“This is where technology companies like NOV have a role. We can form a bridge between hydrocarbon production and renewable energy systems. Africa needs more sustainable energy and smarter systems,” Rensburg added.

The summit further underscored the necessity of involving local businesses and talent in the continent’s energy future. Sarkar emphasized the importance of training and integrating local experts, noting that approaches must be adapted rather than replicated from other regions.

WAES continues this week, fostering dialogue on how African nations can achieve an inclusive and investment-driven energy transition.