Purpose, Strategy and Investment Cases
CHARIOT’S STRATEGY
Building and investing in energy projects that have long-term value and legacy, whilst creating value for our shareholders, lies at the heart of Chariot’s strategy.
Back in 2021, we broadened our portfolio to encompass renewables and green hydrogen in response to the global need for different sources of power and with the opportunities that we could see across Africa. Whilst we have successfully created a new business within this sector there has been a notable shift in investor appetite for the oil and gas story. Through the years we have adapted, been creative and responded to sentiment and with this in mind we are now streamlining our focus towards the upstream.
CHARIOT’S PURPOSE
Chariot’s overarching objective is to develop scalable energy projects across Africa. The Group currently comprises two different businesses with our oil and gas and renewables portfolios and, though we are working in two very different markets, they share common themes which underpin their investment cases.
As well as looking to address underlying supply and demand fundamentals and harnessing the wealth of natural resources across the continent, we are also committed to playing a role in wider sector growth within each country we work in. Angola’s prolific oil resources and its drive to increase investment and production, Morocco’s ambition to develop domestic gas production and become a regional energy hub, and South Africa’s ongoing market liberalisation all represent opportunities that Chariot is well positioned to support.
