At the just-ended OTL Africa Downstream Energy Week 2025 in Lagos, Nigeria, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Dr. Patrick K. Ofori, delivered a compelling presentation under the session theme “International Energy Trading, Finance & Investment Forum”.
Speaking on the broader conference theme, “Energy Sustainability — Growth Beyond Boundaries & Competition,” Dr. Ofori underscored that Africa’s downstream petroleum sector stands at a defining moment where sustainable financing, modern infrastructure, and regional integration are essential to driving competitiveness and long-term growth.
He highlighted that while global energy investment is projected to reach USD 3.3 trillion in 2025, Africa continues to attract a smaller share of development finance. To bridge this gap, he made the case for innovative funding mechanisms such as blended finance, green and transition bonds, public–private partnerships, and robust ESG frameworks.
“Africa must proactively explore innovative financing and policy reforms to unlock sustainable capital for its energy transition. The time to act is now,” — Dr. Patrick Ofori.
Dr. Ofori also urged African governments to move beyond regulatory roles and act as strategic investors and facilitators, creating an enabling environment for private capital, regional cooperation, and innovation to thrive.
He added that Africa’s energy future lies in collaboration, digitalisation, and human capital development, noting that the continent must pursue both net-zero and net-access goals to ensure that its energy transition fuels inclusive development.
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