Industries
Energy, Environment and Extractives
Africa's energy, extractives, and environment sector: challenges, opportunities, and growth prospects. Learn about the sector's contribution to Africa's economy, increasing demand for minerals, and potential for sustainable development. Discover our expertise in energy policy, extractive industry governance, environmental impact assessment, and ESG
Overview
The energy, extractive industries, and environment sector in Africa faces numerous challenges, risks, and opportunities. - The extractive industry is a significant contributor to Africa's economy, with natural resources playing a crucial role in improving fiscal and debt sustainability. - Africa's oil production is expected to increase, and agriculture is the continent's largest economic sector, accounting for 15% of total GDP. - The extractive industries sector is driving demand for minerals, metals, and coal. - Mineral production could increase by nearly 500% by 2050 (World Bank Group report, 2020). - Key African policy frameworks and programmes do not consider the linkages between minerals, climate action, and green recovery. - African countries like the DRC, Madagascar, Zimbabwe, and Namibia are richly endowed with minerals for climate action such as cobalt, lithium, and graphite. - Very few African countries export value-added mineral products, with Botswana being an exception.
Major Risks
reputation risks market and price volatilityenvironmental and climate riskstechnological risksRegulatory and compliance risks
Challenges
Transition to renewable energy requires significant infrastructure and technological investment. Managing the intermittency of renewable power sources is a key challenge.
Future Outlook
Future trends in the Energy, Environment, and Extractives sector indicate a significant shift towards sustainability and innovation. Renewable energy sources, particularly solar and wind, are expected to dominate the energy landscape, driven by advancements in technology and declining costs. Energy storage solutions and smart grid technologies will enhance the efficiency and reliability of renewable energy. The extractives sector will see increased emphasis on responsible mining practices and the adoption of circular economy principles to minimize environmental impact. Carbon capture and storage (CCS) technologies, alongside stricter regulations and corporate commitments to net-zero emissions, will play crucial roles in addressing climate change. Additionally, digitalization and artificial intelligence will optimize resource management and operational efficiency across the sector.
Expertise
Our energy, extractive industries, and environment team is led by experienced professionals with a deep understanding of the sector's challenges and requirements. - Energy policy, regulation, and governance - Extractive industry governance and revenue management - Environmental impact assessment and management - Sustainability and ESG (Environmental, Social, and Governance) - Auditing and assurance services - Financial management and budgeting - Operational efficiency and process improvement
Our core services
Our comprehensive services for the Energy, Environment and Extractives sector include:
Performance Auditing
Performance (value for money) Auditing is a systematic evaluation of an organization's processes and systems to ensure they are achieving their intended goals and objectives, focusing on the 3Es namely economy, efficiency and effectiveness.
Training and Capacity Building
Empower your team with the skills and knowledge to excel. Our hands-on professional Training and Capacity Building services provide customized programs to equip clients with best practices, enhancing their capabilities and performance.