Blended finance is driving major projects, including Sonangol’s $2.5 billion raise, Mozambique LNG and EACOP’s $2 billion equity plus $3 billion debt. In response, companies are increasingly turning to blended financing structures that combine equity, development finance, commercial lending and strategic partners. These structures help de-risk investments while expanding access to capital, demonstrating that Africa’s energy finance is evolving rather than declining. The TotalEnergies-led o LNG project raised $15.4 billion from 30 lenders using a mix of development finance, equity and commercial loans. These examples illustrate how blended finance is becoming a critical tool to sustain deal flow across Africa’s oil and gas sector.

Source: The North Africa Journal March 05, 2026 12:02 UTC