Clean energy for all in Africa need sustainable long term financing

Innovative financing solutions could satisfy the growing need for clean and affordable energy in Africa. The new ECA’s SDG7 initiative will help towards bridging the financing gap, while structural challenges have to be addressed to attract more private investments. Private sector funding represents only 10% of the energy financing structure, explains, energy expert at the Economic Commission for Africa. Most of their investments are concentrated in few countries like Nigeria or South Africa. It seems that the private sector is shy to invest in Africa, which it shouldn’t be the case, since African countries have a lower default rate than most other parts of the world. Improving the macro-economic environment and attracting private investments through public-private partnership could be solutions to crowd-in the necessary private money. Energy experts meeting at the ECA regional conference taking place in Asmara this week have discussed best practices in energy funding, critical to address the pressing funding gap that the continent faces.

Bibliographic Details

Format:	Press release biblioteca
Language:	eng
Published:	2019-11
Online Access:	https://hdl.handle.net/10855/44252
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