West Africa is back in the industry spotlight, with renewed interest in individual companies amid fresh opportunities for private equity.
Even the Chinese are funnelling private wealth towards African companies, according to a chief executive of a UK infrastructure financier speaking at the Oil Council’s Africa Assembly convened in London in June.
Fund managers addressing the assembly had a mixed view of African prospects, some believing energy markets will not recover before 2025, but most suggesting a recovery in the oil price to $75 per barrel and a major rise in the global rig count over the next 12 months.
One
