Africa Energy: Funding, Investors & Team (Aug 2026)
Africa Energy Corp. is a Canadian oil and gas company with exploration assets in South Africa and Namibia. Africa Energy’s long-term goal is to increase shareholder value by building an attractive portfolio of exploration and production assets. The Company is focused on high-impact exploration in Africa and will look to acquire producing assets to fund its ongoing exploration program. Africa Energy is part of the Lundin Group of Companies. The Company is listed on the TSX Venture Exchange under ticker symbol “AFE”.
Africa Energy has raised $13.8M across 1 funding round on record, the most recent an undisclosed round of $13.8M announced in Dec 2024.
That round is in line with the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Africa Energy Company Profile and Key Stats
Latest funding round on record: Dec 2024.
Africa Energy Funding Rounds
Africa Energy Founders and Leadership Team
No contact details are on record for this team yet.
Africa Energy Funding Compared to Other Energy Startups
Africa Energy's latest round of $13.8M is in line with the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Africa Energy Funding FAQs
What does Africa Energy do?
Africa Energy Corp. is a Canadian oil and gas company with exploration assets in South Africa and Namibia. Africa Energy’s long-term goal is to increase shareholder value by building an attractive portfolio of exploration and production assets. The Company is focused on high-impact exploration in Africa and will look to acquire producing assets to fund its ongoing exploration program. Africa Energy is part of the Lundin Group of Companies. The Company is listed on the TSX Venture Exchange under ticker symbol “AFE”.
How much funding has Africa Energy raised?
Africa Energy has raised $13.8M across 1 round on record. The most recent is an undisclosed round of $13.8M announced in Dec 2024.
When did Africa Energy last raise funding?
Africa Energy's most recent funding round on record is an undisclosed round of $13.8M, announced in Dec 2024.
Who founded Africa Energy?
FundedIQ lists Emelia Akumah (Founder) at Africa Energy.
Where is Africa Energy headquartered?
Africa Energy is based in Vancouver, British Columbia, Canada.
How many employees does Africa Energy have?
Africa Energy is in the 1-10 employee band.
How does Africa Energy's funding compare to other Energy startups?
Africa Energy's latest round of $13.8M is in line with the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Africa Energy Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Africa Energy is left off this page rather than filled in.
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