How much funding have Oil and Gas startups in Africa raised?

Oil and Gas startups in Africa have raised $60.6M in disclosed funding.

Who invests in Oil and Gas startups in Africa?

LoftyInc Capital Management has backed 2 Oil and Gas startups, followed by Maroc Numeric Fund (2) and Aster (1).

Oil and Gas Startups in Africa

StartupList Africa tracks 12 Oil and Gas startups across Africa, which have raised $60.6M in disclosed funding. Nigeria has the most, with 4, followed by Ghana (2) and Kenya (2).

Updated 7 Oct 2026

Tracked Companies

Avg. Deal Size

$4.7M

Active Startups

Total Funding

$60.6M

Avg. Growth

Oil and Gas companies

11 companies in this sector

Submit startup

Company	Tagline	Total Funding	Last Round	Team Size	Backers
Giraffe Bioenergy Kenya	Giraffe Bioenergy is a Kenya-based clean energy startup transforming cassava into ethanol cooking fuel.	-	Funding Round -	11-50	No Data
Homefort Energy Nigeria	Homefort Energy offers automated gas delivery for homes.	-	Funding Round -	2-10	No Data
Oando Nigeria	Oando PLC is one of Africa’s largest integrated energy solutions providers with a proud heritage.	$35M	Secondary Market -	-	No Data
LEKOIL Nigeria	Lekoil is an Africa focused oil and gas exploration and production company with interests in Nigeria and Namibia.	$15M	Post-IPO Debt -	51-200	No Data
PayGo Energy Kenya	PayGo Energy is a distribution service that harnesses the power of pay-as-you-go-technology	$9M	Venture -	11-50	No Data
Henos Energy Ghana	Henos Energy is an multi-energy company, focused on delivering clean energy solutions for both domestic and commercial use.	$1M	Debt Financing -	11-50	No Data

Aza Petrosolutions Morocco	AZA Petrosolutions is an Agadir-based business focused on designing technology solutions and constructing intelligent and integrated objects.	$250K	Pre-seed -	2-10	No Data
Delta Oil Egypt	Delta Oil is an Egyptian start-up that offers services in collecting the used cooking oil from households in exchange for goods.	$230K	Pre-seed -	2-10	No Data
Optinov Morocco	Optinov produces and commercializes gas oil locks for trucks and heavy goods vehicles.	$190K	Series A -	-	No Data
Kadi Ghana	Kadi is an Accra-based fintech platform which aims to unlock growth in Africa's logistics industry	$100K	Grant -	2-10	No Data
Epump Nigeria	Epump is a cloud based forecourt automation solution for Africa	$50K	Funding Round -	11-50	No Data

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Oil and Gas startups by country

Oil and Gas startups in Nigeria4

Top Oil and Gas investors in Africa

Oil and Gas startups: quick facts

How many Oil and Gas startups are there in Africa?: StartupList Africa tracks 12 Oil and Gas startups across Africa.
How much funding have Oil and Gas startups in Africa raised?: Oil and Gas startups in Africa have raised $60.6M in disclosed funding.
Which African countries have the most Oil and Gas startups?: Nigeria has the most, with 4, followed by Ghana (2) and Kenya (2).
Who invests in Oil and Gas startups in Africa?: LoftyInc Capital Management has backed 2 Oil and Gas startups, followed by Maroc Numeric Fund (2) and Aster (1).