Kadijah Amoah Urges Africa to Tap $250 Billion Pension Assets for Oil and Gas Growth

At a time when global appetite for oil investments is shrinking under the weight of the energy transition, Mrs. Kadijah Amoah, CEO of Pecan Energies, has issued a bold call for African nations to turn inward and leverage the continent's own wealth to fund the future of its oil and gas sector.

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Speaking at the Africa Oil Week 2025 in Accra, during a forum titled Shaping Africa’s Upstream Future, from an Independent's Perspective, Amoah urged policymakers and industry leaders to mobilize part of Africa’s vast pension funds estimated at $250 billion to finance oil and gas projects before the window of opportunity closes.

“WTO's Director General, Ngozi Okonjo-Iweala, recently said African pension funds have about $250 billion combined. That's significant. Given oil and gas is time-bound, it is important to consider dedicating 10 percent of pension funds in Africa to ensuring that we get the oil out of the ground. That will be a game changer for Africa’s international oil companies to take projects to the next level,” Amoah said.

Her message was clear: with international oil majors scaling back exploration in emerging markets, African producers must become “intentional and deliberate” about funding their own future.

A Homegrown Financing Solution