Brazil expands energy investments in Africa as G20 cooperation grows

AfricanSme
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Brazil is increasing its energy cooperation with African nations through investments, partnerships and knowledge exchange. As a G20 member, Brazil is focusing on regional energy development, with recent discussions at the “Invest in African Energies” reception in Rio de Janeiro highlighting new opportunities.

Hosted by the African Energy Chamber (AEC), the event brought together key stakeholders to explore investment prospects in Africa’s energy sector. Brazilian entities, including Petrobras, the Brazilian Petroleum Association and independent oil producers, are playing a growing role in fostering cross-continental collaboration.

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Petrobras targets Africa’s offshore potential

Petrobras, Brazil’s state-owned oil company, is expanding its operations in Africa. The company plans to acquire a 40% stake in Namibia’s Mopane oil and gas exploration block. With extensive experience in deepwater exploration from Brazil’s Campos and Santos Basins, Petrobras is expected to contribute to Africa’s offshore energy projects, particularly in the Orange Basin.

Brazil’s independent oil producers, including PRIO, 3R Petroleum, Enauta and PetroRecôncavo, have expertise in revitalising mature fields and deploying advanced extraction technologies. These skills are relevant to Africa’s energy sector, with investment opportunities in Namibia, Angola and the Republic of Congo discussed during the event.

Read also: AfDB approves $31m to boost climate resilience in four African countries

Namibia seeks increased investment from Brazil

Namibia Energy Corporation (NEC) is leading efforts to attract Brazilian investment in Africa’s energy sector. On 4 February, a partnership was announced between Petrobras, NEC, the AEC and the Brazilian Institute of Petroleum. The agreement aims to strengthen oil and gas investments between Brazil and Africa, focusing on upstream exploration and infrastructure development.

Brazil Africa Forum Highlights Renewable Energy CooperationLast year’s Brazil Africa Forum in São Paulo focused on renewable energy, climate initiatives and sustainable development. Discussions covered infrastructure investment as a driver of economic growth and Brazil’s diverse energy mix, including hydropower, wind, solar and biomass. The forum explored ways in which Brazil’s renewable energy experience could support Africa’s energy transition.

Collaboration to boost Africa’s energy sector

Brazil’s expertise in deepwater exploration and renewable energy aligns with Africa’s energy goals. Partnerships in oil and gas exploration are expected to enhance energy production and economic growth in African markets. Brazil’s experience in integrating renewable energy sources provides a model for African countries working towards a more sustainable energy system.

Knowledge exchange in clean energy sectors is also expected to support Africa’s efforts to build resilient and efficient energy infrastructure. These initiatives are part of Brazil’s broader engagement with African nations through G20 frameworks and bilateral agreements.

Read also: African Energy Week to unlock $30bn+ in investments from G20 nations

African energy week to advance Brazil-Africa cooperation

The “Invest in African Energies” reception set the stage for African Energy Week: Invest in African Energies 2025 in Cape Town. The conference will bring together industry leaders, policymakers and investors to explore energy opportunities, strengthen partnerships and facilitate investment deals.

Petrobras and independent Brazilian producers are increasing their focus on African markets. AEW 2025 is expected to drive further collaboration, technology transfer and capital inflows into Africa’s energy sector.

Brazil’s growing engagement with African nations is contributing to energy development, economic growth and sustainable solutions. These partnerships are strengthening South-South cooperation and addressing shared energy challenges in both regions.

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