Michael is a financial and commercial professional with over 25 years of experience in the energy industry. He is currently the CFO of Azule Energy, the second-largest independent oil and gas company in Sub-Saharan Africa and the largest equity producer in Angola. Prior to Azule, Michael held several management roles in bp’s Finance Function including Finance Vice President for Mauritania, Senegal and Africa New Countries and Head of Commercial Development for Europe and Africa, Trading and Supply.
For buyers wanting to invest in Africa, access to capital (both debt and equity) is proving more challenging whilst several of oil majors and national oil companies look to run disposal processes. As traditional commercial bank financiers continue to make global announcements about reducing their exposure to oil & gas globally, and given that most (if not all) acquisitions of big packages of African upstream assets will require debt across the line, is it available and where is it going to come from?
Thursday 12 October 09:15 - 10:00 Stage B
Finance and M&A Forum
For buyers wanting to invest in Africa, access to capital (both debt and equity) is proving more challenging whilst several of oil majors and national oil companies look to run disposal processes. As traditional commercial bank financiers continue to make global announcements about reducing their exposure to oil & gas globally, and given that most (if not all) acquisitions of big packages of African upstream assets will require debt across the line, is it available and where is it going to come from?