Premier Invest, an African-owned investment banking and advisory firm, seeks to address the financing gap in Africa's oil and gas sector by forming strategic partnerships within the industry.

Premier Invest is proud to announce a significant achievement in forming a financing partnership with Shell in the oil and gas sector, which was highlighted at the Invest in African Energy Reception in London.

At the Invest in African Energy reception held in London on Thursday, Rene Awambeng, Managing Partner at Premier Invest, a prominent investment banking and advisory firm, provided insights into the present financing gap in Africa's oil and gas sector and discussed strategies to attract global capital. Notably, Premier Invest recently entered into a significant agreement with Shell, facilitating access to financing for oil and gas projects across the African continent.
Under the strategic partnership, the two companies will collaborate to identify and co-finance oil and gas transactions in Africa that have the potential to generate significant returns, while creating value for local communities and economies.

“The agreement to co-finance and originate oil and gas agreements in Africa aims to drive growth in the oil and gas sector across the continent. We will work together to identify and evaluate potential opportunities in the oil and gas market and leverage our respective expertise to fund projects that have the potential for significant returns. This is a significant step forward in our commitment to support the growth of the sector,” said Awambeng.


The partnership aims to tackle the persistent scarcity of Foreign Direct Investment (FDI) in Africa, where the continent only attracts five percent of global investment. This places African nations at a disadvantage in terms of establishing the necessary infrastructure to refine petroleum products and enhance power generation and distribution capabilities. As highlighted by Awambeng, despite Africa being a net producer of crude oil, it still relies on imports to meet 50% of its oil product consumption.

“To address these finance challenges, we have put together an African-owned and managed investment banking firm to offer a range of financial advisory services supporting clients across industry to invest in small, medium and large-sized projects… The continent lacks funds to finance its oil and gas projects, as well as needs technology to manage its oil and gas industry,” said Awambeng.