Africa is endowed with significant oil resources which represents strong assets for the continent socio-economic development, that could help achieve AfDB High 5s objectives, namely Power and Light-up Africa, Feeding Africa, Industrialise Africa, Integrate Africa and Improve the quality of life for the people of Africa.

However, the oil industry is structurally complex and involves an intricate number of actors whose goals and interest are often diverging. This presents a significant challenge for policy making, as they need to weigh a wide range of factors, as they look to maximise value from their resources.

Report by the AfDB