A report just dropped this week with a bold claim:
"Oil and gas have not — and will not — deliver development for Africa."
It studied 13 African oil-producing nations.
Decades of extraction.
Trillions of dollars in revenues.
And its conclusion?
Wealth flowed out. Not down.
to abandon its resources.
Africa needs better deal architects.
The crude is here.
The demand is here.
The capital is here.
What has been missing — for decades — is the right people at the table, structuring deals that actually work for African economies, African governments,
Now, I work in African energy. I've seen the deals. I've seen the contracts. I've seen what happens inside these markets.
And honestly? The report isn't entirely wrong.
But it's asking the wrong question.
The problem was never oil and gas.
The problem was always the structure