22 February 2024 – The International Energy Forum (IEF) has announced a significant development: Zimbabwe has officially joined as a full member of the organization, marking a milestone as the total number of member countries now reaches 73.
Thank you for reading this post, don't forget to subscribe!The IEF is renowned for its mission to foster energy security through constructive dialogue between producers and consumers. As the world’s largest organization of energy ministers, it plays a pivotal role in shaping global energy trade, accounting for over 90 percent of the world’s energy transactions.
Honourable Professor Mthuli Ncube, Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion, expressed his satisfaction with the country’s new membership status during a signing ceremony held in Riyadh, Saudi Arabia.
“Zimbabwe is pleased to become a member of the International Energy Forum, enabling us to engage in vital discussions with fellow members on critical energy matters,” said Minister Ncube. He emphasized the importance of closer collaboration with global energy stakeholders to address energy poverty, enhance energy security, and tackle challenges such as price inflation, climate change, and geopolitical uncertainties.
Founded three decades ago to facilitate dialogue between the International Energy Agency and the Organization of the Petroleum Exporting Countries, the IEF has evolved significantly. With a membership larger than both groups combined, including diverse nations like Argentina, China, India, and South Africa, the forum is set to convene its 17th Ministerial meeting in May this year.
IEF Secretary General Joseph McMonigle extended a warm welcome to Zimbabwe, noting the addition of yet another African member, bringing the total to 23 countries from the continent.
“The IEF is dedicated to amplifying Zimbabwe’s and Africa’s voices in the global energy discourse, particularly emphasizing the urgent need to expand access to reliable and affordable energy to eradicate energy poverty, a crucial step for sustainable development,” said McMonigle. He also highlighted the potential for collaboration with Zimbabwe in navigating the energy transition and expanding the electricity grid to integrate new baseload and renewable energy sources.
The inclusion of Zimbabwe as a full member underscores the IEF’s commitment to fostering inclusive dialogue and cooperation to address pressing energy challenges on a global scale.
