UNCDF’s Kabugo on how to unlock investment in Africa's energy sector
According to the World Economic Forum, the energy sector will be critical for Africa’s post-COVID-19 economic recovery and will be one of the most attractive investment sectors in 2021. Stakeholders ranging from the African Development Bank to large-scale private funds recognize the need for cost-efficient industrial energy access as well as universal household electricity. But what will it take to unlock this investment? Joshua Kabugo, Finance Specialist with UNCDF joins CNBC Africa for more.
Wed, 29 Sep 2021 10:21:09 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- The energy sector is crucial for Africa's post-COVID-19 economic recovery, attracting stakeholders like the African Development Bank and private funds.
- Innovative financing solutions and aligning policies at the continental level are essential to unlock investments in the energy sector.
- Challenges such as access to finance, end-user protection, and policy and regulatory frameworks must be addressed to drive the energy agenda forward.
As Africa looks towards post-COVID-19 economic recovery, the energy sector emerges as a critical player in the continent's development trajectory. With stakeholders such as the African Development Bank and private funds recognizing the importance of cost-efficient industrial energy access and universal household electricity, the question arises - what will it take to unlock investments in this sector? Joshua Kabugo, a finance specialist with UNCDF, sheds light on the key factors that can drive investment in Africa's energy sector. He emphasizes the need for innovative financing solutions and aligning policies at the continental level to meet the energy needs of the region. Kabugo stresses the importance of preparing the ground for incoming investments, ensuring that the money flows into the right channels and reaches the intended beneficiaries. Addressing challenges such as access to finance, end-user protection, and policy and regulatory frameworks, Kabugo highlights the significance of deliberate and purposeful actions to propel the energy agenda forward.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
