Mapping Africa’s energy wealth and 560 million who remain without power

Africa holds about 125 billion barrels of proven crude oil reserves, accounting for 7.2% of the global total, mainly in Libya, Nigeria, and Algeria. In 2024, Nigeria was the largest oil producer in Africa with 23% of the continent's output, followed by Algeria and Angola. During African Energy Week in Cape Town, energy ministers, investors, and industry leaders focus on investment in oil, gas, and ending energy poverty. Over 560 million people in Africa still lack access to electricity.