Fund Raising

Africa New Energies (ANE) has exploited innovative fundraising techniques to help raise the tens of millions of dollars needed to develop its Namibian concession, led by a management team with a background in renewable energies.

As an early-stage start-up, ANE is beyond the mandate of traditional sources of funding such as private equity, a listing on a public stock exchange or an institutional investor. Consequently, the company has had to be nimble and resourceful in finding the funding it needs to develop and grow.

ANE has responded to this challenge in three ways. By using alternative funding techniques – including crowdfunding and partnering with the Aziza Project cryptocurrency – social media marketing techniques, and local knowledge, ANE is showing that the oil and gas sector can be tapped by ambitious start-ups with a track record for innovation and strong community backing.