Harold Obiga’s Post

Such an important piece in the puzzle of unlocking Africa's energy conundrum, private investment in Transmission projects or (IPTs) and we have successful models that we can borrow from the likes of Latin America. Ryan Ketchum #transmissionlines #energy #africa

Such an important piece in the puzzle of unlocking Africa's energy conundrum, private investment in Transmission projects or (IPTs) and we have successful models that we can borrow from the likes of Latin America. Ryan Ketchum #transmissionlines #energy #africa

With more than half of sub-Saharan Africa not having access to electricity, innovation in financing power projects is critical if SDG 7 (access to electricity for all) is to be achieved by 2030. Traditionally, African governments have provided government/sovereign guarantees in Power Purchase Agreements, guaranteeing to make good any failure by utility companies to make payments to IPPs (ultimately for the benefit of lenders). The shrinking fiscal space due to unsustainable debt levels for most governments no longer allows them to give these guarantees, affecting the bankability of power projects. Developers and lenders must now look elsewhere to ensure that projects are bankable. Intermediary off-takers like Africa GreenCo present an innovative model that, if supported from a regulatory (and, to a greater extent, financial) point of view, has the potential to draw us closer to that all-important SDG 7! Insightful write-up by Kirtika Challa of the CrossBoundary Group

"Country by country, we’re creating solutions." In an interview with Energy Net, Sarvesh Suri, IFC - International Finance Corporation's Director for Infrastructure and Natural Resources in Africa, discusses how The World Bank and the African Development Bank Group's partnership is driving energy access in Africa. The goal? Connect millions of people in Africa to electricity by 2030.  Learn about the importance of private sector involvement n Africa’s power sector. 🎥 Watch the video! 👉http://wrld.bg/rv1i50ThbYF #AfricaEnergy #DevelopmentFinance #PoweringAfrica

In The News: Ephraim Sehloho, Senior Coverage Banker at Nedbank Corporate and Investment Banking, wrote an insightful op-ed for the Sunday Times Business section. He discusses how South Africa’s energy transition can serve as a model for Africa, emphasizing the importance of clean energy solutions and public-private partnerships in bridging funding gaps and attracting investments. Read more about how adopting models like South Africa’s REIPPPP could improve energy development across the continent: https://lnkd.in/dgG-QD83 #EnergyTransition #CleanEnergy #Africa #PublicPrivatePartnerships #RenewableEnergy #AEF24

ELECTRICITY’S TRANSMISSION FINANCE INITIATIVES The cost of financing for electricity transmission before 2030 is estimated to be more than $16 billion. The South African Government is devising various models for private investment in transmission, partnering with development finance institutions, multilateral organizations, and private investors to achieve this objective. This session provides an insight into the latest developments in electricity transmission finance initiatives. Shaakira Karolia — Lead Economist (Ministry in the Presidency for Electricity) The Presidency of the Republic of South Africa https://lnkd.in/eVF8BG5Z #ASCM #ASFI_Group #sustainability #sustainablefinance #esg #sustainablecapitalmarkets

How can Africa close the gap in investment capital needed for its energy transition? At the Africa Energy Investment Outlook forum hosted by Addleshaw Goddard in London tomorrow, the panel “Financing Africa’s Energy Future” from 10:25 AM BST will address the role of international finance institutions in unlocking capital for Africa’s energy sector. Taiwo Okwor, Vice President, Investments at Africa Finance Corporation, will be among the speakers focusing on innovative financing solutions, local content development, and strategies to align investment opportunities with the continent's clean energy goals. More information here: ae.eventhive.ng #AFC #AfricaEnergy #EnergyTransition #Investment #CleanEnergy #SustainableGrowth #Africa Africa Energy Series

Institutions like the African Development Bank, World Bank, and European Investment Banks play a crucial role in providing financing and technical assistance for energy projects. Public financing has been the dominant source of funding for energy projects. Public finance remains the primary source of infrastructure investment in Africa, however, differences in expenditure are notable across the African region. #EnergySector #Africa #RenewableEnergy #ClimateFinance #EnergyTransition

Did you know that finance and investments in Africa's electricity grids need to more than triple by 2030 to meet sustainable development goals, including universal access? International Energy Agency (IEA) #Africa #SustainableDevelopment #EnergyInvestment" Read more: https://lnkd.in/ddcawGn3

"Firstly, as we explore and structure solutions as sector experts, it is important that we recognise that Africa is 54 countries and each country has its own peculiarities, which require unique solutions aligned to its power energy mix, policy direction, resource availability, and regulation . That said, I am of the view that in order to revamp and accelerate the project scale and investment pace, we need pragmatism and innovation in structuring financings. We also need parties to review the risk allocation in these projects, which recognise that governments and governments guarantee/ support is no longer a requirement if we are seeking to have private sector led economies. The regulation informed by open access in various markets such as South Africa, Zambia, Nigeria, etc, and the activation of regional power markets provide alternative mitigation and recourse for lenders and project sponsors. Therefore, our focus as CEC aligned with our strategy is to invest in power generation and transmission, including cross-border interconnectors, all of which are key to achieving reliable power quality and supply. Finally, I am hopeful that the regulatory reforms in most african countries will in themselves encourage more private sector involvement in power infrastructure, which goes a long way in addressing the power needs of the continent. "These steps are vital for Africa's energy future, and as a business, we will play our much required role." Mr Mutale Mukuka, our Chief Financial Officer reflecting on the Africa Energy Forum. #aef2024 #CECaddingvalue