The Africa Business Roundtable (ABR) is delighted to share the remarkable news of the successful completion of the Renaissance Africa Energy (Renaissance) Consortium’s acquisition of Shell Petroleum Development Company Limited’s assets in Nigeria. This milestone not only reinforces the growing influence of indigenous energy players but also marks a significant step toward Africa’s energy security and diversification.
As Africa seeks to accelerate the implementation of the AfCFTA, energy infrastructure remains fundamental. Renaissance Africa Energy’s strategic investment aligns closely with the goals of the AfCFTA, particularly by promoting value addition, stimulating local industrialization, and increasing regional integration through intra-African trade.
The Consortium: Strategic Partners Driving Growth
The Renaissance Consortium is composed of leading energy companies that have collectively positioned themselves as key stakeholders in Africa’s energy industry. Notably, all the companies that make up Renaissance, except for Aradel Holdings Plc, are esteemed members of the African Business Roundtable (ABR), The consortium partners include:
Petrolin Group: a globally recognized energy powerhouse with substantial investments across Africa’s oil and gas value chain. Under the visionary leadership of its founder, Mr. Samuel Dossou-Aworet, (who is also the current President & Chairman of the Board, African Business Roundtable – ABR) the company has played a crucial role in fostering indigenous participation in Africa’s energy sector. Petrolin’s diverse portfolio includes partnerships in exploration, production, transportation, and energy infrastructure projects. Beyond oil and gas, the Group has expanded into critical infrastructure development, including railways, pipelines, and industrial hubs, reinforcing its commitment to Africa’s economic transformation. With a focus on sustainability and capacity building, Petrolin continues to champion initiatives that unlock Africa’s vast energy potential.
ND Western Limited has emerged as a formidable player in Nigeria’s upstream oil and gas sector, leveraging its strategic partnerships with both local and international investors. Since its inception, the company has remained committed to increasing Nigeria’s hydrocarbon output while adhering to global best practices in operational efficiency and environmental sustainability. Through its active participation in asset acquisitions and infrastructure development, ND Western continues to strengthen Nigeria’s position as a major player in the global energy landscape.
Waltersmith Petroman Oil Limited stands out as a fully integrated energy company with a diversified portfolio spanning upstream, midstream, and refining. The company has successfully developed key oil and gas assets, including its groundbreaking modular refinery, which serves as a model for indigenous refining in Nigeria. Waltersmith’s commitment to innovation and sustainability has positioned it as a leader in enhancing local refining capacity and reducing dependence on fuel imports. With a vision to expand its energy solutions, the company continues to drive economic growth and industrialization across Nigeria and Africa.
FIRST Exploration and Petroleum Development Limited is a fully Nigerian-owned independent exploration and production company dedicated to efficient energy production. The company has built a strong reputation for its technical expertise, operational excellence, and commitment to delivering value to stakeholders. By prioritizing local talent and innovative technologies, FIRST E&P has contributed significantly to Nigeria’s drive for increased oil and gas production while maintaining the highest safety and environmental standards.
Aradel Holdings Plc is a leading indigenous energy company with a strong focus on oil and gas exploration and production. With a commitment to operational excellence and sustainable resource management, Aradel has consistently delivered value-driven energy solutions. The company’s strategic approach to asset development, coupled with its investment in human capital and technology, has positioned it as a key contributor to Nigeria’s energy security and economic advancement. As the company continues to expand its footprint, Aradel remains dedicated to fostering growth and development within the industry.
Together, these firms exemplify the potential for African-led initiatives to reshape the continent’s energy landscape.
The Vision and Mission of Renaissance Africa Energy (Renaissance)
Renaissance’s overarching vision is to be Africa’s leading energy company enabling energy security and industrialization in a sustainable manner.
Mission:
Securing Energy Future: To Sustain Existing Gains in the Oil and Gas Industry as a Launching Pad for Further Growth, National Development and Integration.
Partnering for Prosperity: To Work for the Shared Prosperity of our Stakeholders through Upscaled Inter-dependencies.
Empowering our People: To Grow the Capabilities of our People Towards Becoming the Leading Energy Company in Africa.
Integrating Value Chains: To Grow and Integrate Our Business Value Chain to Accelerate National Industrialization.
Shaping Africa’s Energy Future
The Renaissance Consortium’s latest acquisition is a testament to the strength and capability of African enterprises in taking charge of their resources. With a commitment to best-in-class operational standards, the consortium is poised to play a crucial role in shaping Africa’s energy future.
The Role of Petrolin Group and Mr. Samuel Dossou-Aworet
One of the most distinguished figures behind this success is Mr. Samuel Dossou-Aworet, Founder of Petrolin Group. With a career spanning decades in global oil leadership roles, including positions within OPEC and APPO, Mr. Dossou has championed indigenous participation in the industry. His investments in ventures such as Tullow Oil, ND Western, Seplat Energy and now Renaissance Consortium, underscore his dedication to Africa’s energy independence and economic empowerment.
ABR: Facilitating Strategic Business Partnerships
As a business association committed to economic growth, the African Business Roundtable (ABR) creates platforms for partnerships that drive large-scale investments. We support indigenous enterprises in navigating complex negotiations, leveraging global expertise, and securing resources for mega projects.
Under the leadership of President Mr. Samuel Dossou-Aworet, ABR continues to help members expand globally while fostering innovative business solutions for Africa’s economic transformation. Renaissance’s achievement highlights the power of indigenous entrepreneurship and strategic partnerships in unlocking Africa’s potential.
We extend our heartfelt congratulations to Renaissance Africa Energy’s partners on this historic milestone. ABR is proud of its members’ success and looks forward to further collaboration in advancing sustainable energy across the continent.