Former Republican President Rupiah Banda says African Oil and Gas Sector has an established legacy of Strong performance in the energy sector.

Mr. Banda says several long-time members of the organization of the petroleum Exporting countries (OPEC) like Angola and Nigeria has created strong predictor of success.

Speaking during the Africa oil and power 2018 conference in Cape town where he also bestowed honours to the OPEC Secretary General Muhammad Sanusi, Mr. Banda says new relationship blossom this year as several African Countries including Equatorial Guinea and the Republic of Congo joined the OPEC as the organisation’s newest Members.

He says Zambia Oil and Gas exploration resumed with enthusiasm in 2000 following the discovery of oil and gas in Uganda and Kenya in the great East African Rift Valley.

Mr. Banda adds that Independent oil Companies have played a pivotal role in exploration and development of Africa’s resources especially in the frontiers Markets.

He notes that Zambia and other African Countries should learn from Nigeria and Equatorial Guinea on the exploration of oil and gas.

He has disclosed that Zambia and throughout African independent Oil Companies like Oranto and Bowleven petroleum are strong leaders in the sector.

Mr. Banda has mentioned that Zambia will rise to the task and create an enabling Fiscal regime that will grow local banking and finance to be part of the exploration success story.

This is contained in a statement issued to Money FM News by Zambia’s High Commission, South Africa First Secretary Press and Public Relations Naomi Nyawali.