Energy Financing: What next for Donor Funding in Africa’s Energy Sector?
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Access to energy is one of the most fundamental conditions for economic growth and development as well as quality of life. In stark contrast however, Africa has a dramatically underdeveloped energy sector and some of the lowest rates globally for access to energy.
In our first Webinar “Mind the Gap” which asked the question; is the implementation of a large-scale Energy Transition affordable for Africa? We heard from expert panellists about key challenges in this regard.
Key issues raised were:
inadequate Grids or Networks
weak State-Owned integrated utilities,
lack of market reform and liberalisation, and
host countries unable to afford cost-reflective subsidies for low income users.
Despite strong resolve from host countries and the global donor community to address this energy gap, the harsh reality is that progress remains very limited.
Covid-19 has further created an indelible change to global markets as well as a rapid shift in our global energy landscape. Africa’s economies have largely been left weaker and with lower fiscal reserves to support large scale investment programmes.
It is clear that the role of bi and multilateral donors, international development banks and aid organisations is critical to creating a sustainable energy future for Africa but where is this support best applied and what are the latest views and investment trends by these organisations.
Confirmed Moderator:
Confirmed Speakers:
